Oren Yaacov Sabag Sells 8,504 Shares of Elbit Systems (NASDAQ:ESLT) Stock

Elbit Systems Ltd. (NASDAQ:ESLT) EVP Oren Yaacov Sabag sold 8,504 shares of the business’s stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $887.40, for a total transaction of $7,546,449.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Elbit Systems Stock Performance

Shares of NASDAQ:ESLT opened at $925.24 on Friday. The company has a market capitalization of $41.13 billion, a price-to-earnings ratio of 81.45, a price-to-earnings-growth ratio of 2.72 and a beta of 0.16. Elbit Systems Ltd. has a 52 week low of $369.00 and a 52 week high of $1,016.06. The company has a quick ratio of 0.77, a current ratio of 1.29 and a debt-to-equity ratio of 0.06. The firm has a 50 day moving average of $820.76 and a 200 day moving average of $642.51.

Elbit Systems (NASDAQ:ESLT) last issued its quarterly earnings data on Tuesday, March 17th. The aerospace company reported $3.56 EPS for the quarter, topping analysts’ consensus estimates of $3.23 by $0.33. The company had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.09 billion. Elbit Systems had a net margin of 6.73% and a return on equity of 15.53%. On average, sell-side analysts predict that Elbit Systems Ltd. will post 8.05 earnings per share for the current fiscal year.

Elbit Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Stockholders of record on Monday, April 13th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, April 13th. This is a boost from Elbit Systems’s previous quarterly dividend of $0.75. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.4%. Elbit Systems’s payout ratio is currently 19.81%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ESLT shares. JPMorgan Chase & Co. upped their price target on Elbit Systems from $530.00 to $580.00 and gave the stock a “neutral” rating in a research report on Friday, December 19th. Wall Street Zen raised Elbit Systems from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Elbit Systems in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $550.33.

Key Elbit Systems News

Here are the key news stories impacting Elbit Systems this week:

• Positive Sentiment: Analyst price-target upgrade: an outlet reported an 11.39% increase to a $622.43 target, which may support valuation expectations and investor confidence despite the target remaining below the current share price. Elbit Systems price target increased
• Neutral Sentiment: March short-interest fell ~21.6% to 209,380 shares (short-interest ratio ~1.0 days; ~0.5% of shares short). Lower short positions reduce a near-term short-squeeze risk and indicate fewer explicit bearish bets, a modestly constructive technical datapoint.
• Neutral Sentiment: April short-interest entry shows an apparent data/reporting anomaly (reports 0 shares and NaN change). Treat that April figure as unreliable until corrected by the data provider.
• Negative Sentiment: Large insider selling on April 9: multiple senior executives, including CEO Bezhalel Machlis (25,514 shares, ~ $22.6M at ~$887.40) and several EVPs (individual sales of ~5.9k–8.5k shares each), disclosed open-market sales. Significant insider dispositions can weigh on sentiment unless they are pre‑planned (10b5‑1) or explained as routine diversification. See the CEO SEC filing for details. CEO sale SEC filing

Institutional Investors Weigh In On Elbit Systems

Large investors have recently made changes to their positions in the stock. CoreCap Advisors LLC purchased a new stake in shares of Elbit Systems during the fourth quarter valued at $26,000. USA Financial Formulas purchased a new stake in shares of Elbit Systems during the third quarter valued at $26,000. Financial Consulate Inc. purchased a new stake in shares of Elbit Systems during the third quarter valued at $60,000. Leonteq Securities AG purchased a new stake in shares of Elbit Systems during the fourth quarter valued at $68,000. Finally, Hilton Head Capital Partners LLC purchased a new stake in shares of Elbit Systems during the fourth quarter valued at $69,000. 17.88% of the stock is owned by hedge funds and other institutional investors.

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.