Citizens Financial Group Inc. RI Makes New $730,000 Investment in Elbit Systems Ltd. $ESLT

Citizens Financial Group Inc. RI acquired a new stake in Elbit Systems Ltd. (NASDAQ:ESLT) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,432 shares of the aerospace company’s stock, valued at approximately $730,000.

A number of other hedge funds have also recently made changes to their positions in the business. USA Financial Formulas bought a new stake in Elbit Systems during the 3rd quarter valued at approximately $26,000. Activest Wealth Management bought a new position in Elbit Systems in the 2nd quarter worth approximately $28,000. Traub Capital Management LLC purchased a new stake in Elbit Systems during the 2nd quarter valued at approximately $31,000. Financial Consulate Inc. bought a new stake in shares of Elbit Systems during the third quarter valued at approximately $60,000. Finally, Montag A & Associates Inc. purchased a new position in shares of Elbit Systems in the second quarter worth $68,000. Institutional investors own 17.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Elbit Systems from $530.00 to $580.00 and gave the company a “neutral” rating in a research note on Friday, December 19th. Wall Street Zen lowered Elbit Systems from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. Zacks Research cut Elbit Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. Morgan Stanley assumed coverage on Elbit Systems in a research note on Thursday, December 11th. They set an “equal weight” rating and a $531.00 price target for the company. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Elbit Systems in a report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Elbit Systems currently has an average rating of “Hold” and an average target price of $550.33.

Elbit Systems Stock Up 3.0%

Shares of NASDAQ:ESLT opened at $720.59 on Thursday. The company has a market cap of $32.03 billion, a price-to-earnings ratio of 73.23, a PEG ratio of 2.12 and a beta of 0.22. Elbit Systems Ltd. has a 12 month low of $292.89 and a 12 month high of $724.92. The company has a current ratio of 1.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. The company has a 50-day moving average price of $537.51 and a 200 day moving average price of $497.01.

Elbit Systems (NASDAQ:ESLT) last issued its quarterly earnings data on Tuesday, November 18th. The aerospace company reported $3.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.75 by $0.60. The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.99 billion. Elbit Systems had a return on equity of 15.04% and a net margin of 5.91%. As a group, equities research analysts predict that Elbit Systems Ltd. will post 8.05 earnings per share for the current year.

Elbit Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 5th. Shareholders of record on Monday, December 22nd were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, December 22nd. Elbit Systems’s payout ratio is presently 22.87%.

About Elbit Systems

Elbit Systems Ltd. is an Israel-based defense electronics company that designs, develops and supplies a broad range of systems for military, homeland security and commercial aviation customers. The company focuses on integrated, platform-level solutions that combine sensors, communications, command-and-control software and weapons integration to support intelligence, surveillance and reconnaissance (ISR), force protection and mission management.

Its product and service portfolio spans unmanned aircraft systems, electro-optic and signal intelligence systems, electronic warfare and communications equipment, avionics and mission systems for military and commercial aircraft, and land and naval systems.