Elbit Systems Ltd. $ESLT Holdings Lifted by Creative Planning

Creative Planning grew its holdings in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 10.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,855 shares of the aerospace company’s stock after buying an additional 629 shares during the period. Creative Planning’s holdings in Elbit Systems were worth $3,082,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in ESLT. Activest Wealth Management bought a new position in shares of Elbit Systems in the second quarter worth $28,000. Montag A & Associates Inc. bought a new position in Elbit Systems in the 2nd quarter valued at about $68,000. SVB Wealth LLC bought a new position in Elbit Systems in the 1st quarter valued at about $77,000. SBI Securities Co. Ltd. increased its stake in Elbit Systems by 20.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 185 shares of the aerospace company’s stock valued at $83,000 after buying an additional 32 shares during the period. Finally, Plato Investment Management Ltd bought a new stake in shares of Elbit Systems during the 1st quarter worth about $87,000. 17.88% of the stock is currently owned by institutional investors and hedge funds.

Elbit Systems Trading Up 1.1%

Elbit Systems stock opened at $473.71 on Monday. The firm has a market cap of $21.06 billion, a price-to-earnings ratio of 53.77, a price-to-earnings-growth ratio of 1.74 and a beta of 0.30. Elbit Systems Ltd. has a 1 year low of $243.18 and a 1 year high of $529.99. The firm’s 50 day moving average price is $491.34 and its two-hundred day moving average price is $459.77. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.77 and a current ratio of 1.29.

Elbit Systems (NASDAQ:ESLT) last announced its earnings results on Tuesday, November 18th. The aerospace company reported $3.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.75 by $0.60. Elbit Systems had a return on equity of 14.29% and a net margin of 5.35%.The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.99 billion. On average, research analysts predict that Elbit Systems Ltd. will post 8.05 EPS for the current fiscal year.

Elbit Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Monday, December 22nd will be paid a $0.75 dividend. The ex-dividend date of this dividend is Monday, December 22nd. This represents a $3.00 dividend on an annualized basis and a yield of 0.6%. Elbit Systems’s dividend payout ratio (DPR) is currently 22.87%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ESLT. Zacks Research lowered shares of Elbit Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Bank of America increased their price target on Elbit Systems from $500.00 to $540.00 and gave the company a “buy” rating in a research note on Tuesday, August 26th. Wall Street Zen upgraded Elbit Systems from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Weiss Ratings raised Elbit Systems from a “hold (c)” rating to a “buy (b)” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. assumed coverage on Elbit Systems in a report on Tuesday, September 30th. They issued a “neutral” rating and a $520.00 price objective for the company. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $530.00.

Elbit Systems Company Profile

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.