Farther Finance Advisors LLC Buys 303 Shares of Elbit Systems Ltd. $ESLT

Farther Finance Advisors LLC raised its stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 318.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 398 shares of the aerospace company’s stock after buying an additional 303 shares during the period. Farther Finance Advisors LLC’s holdings in Elbit Systems were worth $179,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC bought a new position in Elbit Systems during the first quarter valued at about $229,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Elbit Systems in the first quarter valued at about $203,000. Yousif Capital Management LLC acquired a new stake in shares of Elbit Systems in the first quarter valued at about $262,000. Ballentine Partners LLC acquired a new stake in shares of Elbit Systems in the first quarter valued at about $220,000. Finally, GAMMA Investing LLC grew its position in shares of Elbit Systems by 38,268.4% in the first quarter. GAMMA Investing LLC now owns 7,290 shares of the aerospace company’s stock valued at $2,797,000 after purchasing an additional 7,271 shares during the last quarter. 17.88% of the stock is currently owned by institutional investors.

Elbit Systems Stock Down 0.9%

Shares of ESLT opened at $505.08 on Thursday. The stock has a market cap of $22.45 billion, a price-to-earnings ratio of 57.33, a P/E/G ratio of 1.81 and a beta of 0.33. The company has a quick ratio of 0.77, a current ratio of 1.29 and a debt-to-equity ratio of 0.06. Elbit Systems Ltd. has a 12 month low of $200.55 and a 12 month high of $511.18. The company has a 50-day moving average price of $477.86 and a two-hundred day moving average price of $433.80.

Elbit Systems (NASDAQ:ESLT) last announced its quarterly earnings results on Wednesday, August 13th. The aerospace company reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $2.57 by $0.66. The firm had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Elbit Systems had a net margin of 5.35% and a return on equity of 14.29%. During the same quarter last year, the company earned $2.08 earnings per share. Equities analysts predict that Elbit Systems Ltd. will post 8.05 EPS for the current fiscal year.

Elbit Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Tuesday, October 14th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.6%. This is an increase from Elbit Systems’s previous quarterly dividend of $0.60. The ex-dividend date is Tuesday, October 14th. Elbit Systems’s dividend payout ratio is presently 22.70%.

Analyst Upgrades and Downgrades

ESLT has been the topic of several research analyst reports. JPMorgan Chase & Co. initiated coverage on Elbit Systems in a research report on Tuesday. They issued a “neutral” rating and a $520.00 price target on the stock. Bank of America raised their price target on Elbit Systems from $500.00 to $540.00 and gave the company a “buy” rating in a research report on Tuesday, August 26th. Finally, Wall Street Zen raised Elbit Systems from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Elbit Systems has an average rating of “Moderate Buy” and an average price target of $530.00.

About Elbit Systems

Elbit Systems Ltd. develops and supplies a portfolio of airborne, land, and naval systems and products for the defense, homeland security, and commercial aviation applications primarily in Israel. The company operates through Aerospace, C4I and Cyber, ISTAR and EW, Land, and Elbit Systems of America segments.