Elbit Systems Ltd. (NASDAQ:ESLT) Shares Purchased by Kestra Advisory Services LLC

Kestra Advisory Services LLC raised its stake in shares of Elbit Systems Ltd. (NASDAQ:ESLTGet Rating) by 15.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 7,233 shares of the aerospace company’s stock after purchasing an additional 962 shares during the quarter. Kestra Advisory Services LLC’s holdings in Elbit Systems were worth $1,376,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ESLT. Quadrant Capital Group LLC increased its position in shares of Elbit Systems by 24.5% in the second quarter. Quadrant Capital Group LLC now owns 229 shares of the aerospace company’s stock worth $53,000 after acquiring an additional 45 shares in the last quarter. HighTower Advisors LLC increased its position in shares of Elbit Systems by 3.2% in the first quarter. HighTower Advisors LLC now owns 2,708 shares of the aerospace company’s stock worth $598,000 after acquiring an additional 83 shares in the last quarter. Captrust Financial Advisors increased its position in shares of Elbit Systems by 14.9% in the first quarter. Captrust Financial Advisors now owns 695 shares of the aerospace company’s stock worth $153,000 after acquiring an additional 90 shares in the last quarter. Creative Planning increased its position in shares of Elbit Systems by 5.7% in the second quarter. Creative Planning now owns 1,695 shares of the aerospace company’s stock worth $389,000 after acquiring an additional 91 shares in the last quarter. Finally, Mackenzie Financial Corp increased its position in shares of Elbit Systems by 8.1% in the second quarter. Mackenzie Financial Corp now owns 1,271 shares of the aerospace company’s stock worth $291,000 after acquiring an additional 95 shares in the last quarter. Institutional investors and hedge funds own 18.83% of the company’s stock.

Elbit Systems Price Performance

Shares of ESLT stock opened at $173.85 on Tuesday. The company has a market capitalization of $7.69 billion, a PE ratio of 39.07 and a beta of 0.64. The firm has a fifty day simple moving average of $174.02 and a 200-day simple moving average of $197.54. The company has a current ratio of 1.15, a quick ratio of 0.73 and a debt-to-equity ratio of 0.30. Elbit Systems Ltd. has a twelve month low of $159.00 and a twelve month high of $244.80.

Elbit Systems (NASDAQ:ESLTGet Rating) last announced its earnings results on Tuesday, November 29th. The aerospace company reported $1.40 earnings per share for the quarter, missing the consensus estimate of $2.11 by ($0.71). The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Elbit Systems had a net margin of 3.61% and a return on equity of 11.25%. Equities research analysts anticipate that Elbit Systems Ltd. will post 6.2 earnings per share for the current fiscal year.

Elbit Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 9th. Shareholders of record on Tuesday, December 27th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, December 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 1.15%. Elbit Systems’s dividend payout ratio (DPR) is 37.30%.

Analyst Upgrades and Downgrades

ESLT has been the subject of several recent research reports. TheStreet lowered shares of Elbit Systems from a “b” rating to a “c+” rating in a research report on Tuesday, November 29th. StockNews.com upgraded shares of Elbit Systems from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 24th.

Elbit Systems Profile

(Get Rating)

Elbit Systems Ltd. operates as an international high technology company. It engages in a wide range of defense, homeland security and commercial programs. The firm operates in the areas of aerospace, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance (C4ISR), unmanned aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links and communications systems, radios, cyber-based systems and munitions.

See Also

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Institutional Ownership by Quarter for Elbit Systems (NASDAQ:ESLT)

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