Key Points
- CEO Bezhalel Machlis sold 25,514 shares on April 9 at an average price of $887.40 for about $22.64 million, as disclosed in an SEC filing.
- Elbit beat quarterly estimates with $3.56 EPS on $2.15 billion revenue and raised its quarterly dividend to $1.00 (annualized $4.00), yielding about 0.4%.
Elbit Systems Ltd. (NASDAQ:ESLT - Get Free Report) EVP Yehuda Vered sold 5,953 shares of the 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 $5,282,692.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Elbit Systems Trading Down 0.3%
NASDAQ ESLT opened at $925.24 on Friday. Elbit Systems Ltd. has a fifty-two week low of $369.00 and a fifty-two week high of $1,016.06. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.77 and a current ratio of 1.29. The stock has a 50 day simple moving average of $820.76 and a two-hundred day simple moving average of $641.51. The stock has a market cap of $41.13 billion, a P/E ratio of 81.45, a price-to-earnings-growth ratio of 2.73 and a beta of 0.16.
Elbit Systems (NASDAQ:ESLT - Get Free Report) last released its quarterly earnings data on Tuesday, March 17th. The aerospace company reported $3.56 earnings per share for the quarter, topping 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 business had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $2.09 billion. On average, analysts forecast that Elbit Systems Ltd. will post 8.05 earnings per share for the current year.
Elbit Systems Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 27th. Shareholders of record on Monday, April 13th will be issued a $1.00 dividend. This is an increase from Elbit Systems's previous quarterly dividend of $0.75. The ex-dividend date is Monday, April 13th. This represents a $4.00 annualized dividend and a yield of 0.4%. Elbit Systems's dividend payout ratio (DPR) is 19.81%.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. increased their price objective on Elbit Systems from $530.00 to $580.00 and gave the stock a "neutral" rating in a report on Friday, December 19th. Weiss Ratings restated a "buy (b)" rating on shares of Elbit Systems in a research note on Monday, December 29th. Finally, Wall Street Zen upgraded Elbit Systems from a "hold" rating to a "buy" rating in a research note on Saturday, January 17th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $550.33.
Get Our Latest Report on ESLT
Key Stories Impacting Elbit Systems
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 Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Rockefeller Capital Management L.P. lifted its stake in shares of Elbit Systems by 74.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 990 shares of the aerospace company's stock valued at $572,000 after purchasing an additional 424 shares during the period. Corient Private Wealth LLC lifted its stake in shares of Elbit Systems by 3.4% in the 4th quarter. Corient Private Wealth LLC now owns 3,676 shares of the aerospace company's stock valued at $2,123,000 after purchasing an additional 121 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake in shares of Elbit Systems by 875.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 234 shares of the aerospace company's stock valued at $135,000 after purchasing an additional 210 shares during the period. Vident Advisory LLC lifted its stake in shares of Elbit Systems by 13.8% in the 4th quarter. Vident Advisory LLC now owns 2,080 shares of the aerospace company's stock valued at $1,202,000 after purchasing an additional 253 shares during the period. Finally, State of Tennessee Department of Treasury purchased a new position in shares of Elbit Systems in the 4th quarter valued at approximately $5,615,000. Hedge funds and other institutional investors own 17.88% of the company's stock.
Elbit Systems Company Profile
(
Get Free Report)
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.
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