JPMorgan Chase & Co. Issues Positive Forecast for Elbit Systems (NASDAQ:ESLT) Stock Price

Elbit Systems (NASDAQ:ESLT) had its price objective upped by JPMorgan Chase & Co. from $580.00 to $930.00 in a report published on Monday,Benzinga reports. They currently have a neutral rating on the aerospace company’s stock.

Several other analysts also recently weighed in on ESLT. Weiss Ratings restated a “buy (b)” rating on shares of Elbit Systems in a research report on Monday, December 29th. Wall Street Zen upgraded Elbit Systems from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $667.00.

Elbit Systems Price Performance

Shares of NASDAQ ESLT opened at $935.05 on Monday. The stock has a market capitalization of $41.56 billion, a PE ratio of 82.31, a P/E/G ratio of 2.72 and a beta of 0.16. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.29 and a quick ratio of 0.77. The business has a fifty day moving average price of $825.51 and a two-hundred day moving average price of $646.71. Elbit Systems has a fifty-two week low of $369.00 and a fifty-two week high of $1,016.06.

Elbit Systems (NASDAQ:ESLT) last announced its quarterly earnings data on Tuesday, March 17th. The aerospace company reported $3.56 earnings per share for the quarter, beating the consensus estimate of $3.23 by $0.33. Elbit Systems had a return on equity of 15.53% and a net margin of 6.73%.The firm had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.09 billion. As a group, equities analysts predict that Elbit Systems will post 8.05 earnings per share for the current fiscal year.

Elbit Systems Increases Dividend

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

Insider Buying and Selling at Elbit Systems

In related news, CEO Bezhalel Machlis sold 25,514 shares of the firm’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 $22,641,123.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Haim Daniel Delmar sold 7,654 shares of the firm’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 value of $6,792,159.60. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 69,736 shares of company stock valued at $61,883,726 over the last ninety days. Insiders own 0.84% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of Elbit Systems by 34.4% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,550,618 shares of the aerospace company’s stock valued at $893,941,000 after purchasing an additional 397,049 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Elbit Systems by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 998,267 shares of the aerospace company’s stock valued at $573,131,000 after purchasing an additional 13,406 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Elbit Systems by 3,162.0% in the third quarter. Van ECK Associates Corp now owns 648,104 shares of the aerospace company’s stock valued at $330,404,000 after purchasing an additional 628,236 shares in the last quarter. Y.D. More Investments Ltd lifted its holdings in shares of Elbit Systems by 3.0% in the fourth quarter. Y.D. More Investments Ltd now owns 618,325 shares of the aerospace company’s stock valued at $356,345,000 after purchasing an additional 18,289 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Elbit Systems by 2.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 483,842 shares of the aerospace company’s stock valued at $246,121,000 after purchasing an additional 12,003 shares in the last quarter. Institutional investors own 17.88% of the company’s stock.

Elbit Systems Company Profile

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.