Callan Family Office LLC Makes New Investment in Elbit Systems Ltd. $ESLT

Callan Family Office LLC purchased a new position in Elbit Systems Ltd. (NASDAQ:ESLT) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 1,468 shares of the aerospace company’s stock, valued at approximately $660,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Clal Insurance Enterprises Holdings Ltd boosted its holdings in Elbit Systems by 0.3% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,357,148 shares of the aerospace company’s stock worth $520,189,000 after acquiring an additional 4,248 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Elbit Systems by 1.8% in the first quarter. Vanguard Group Inc. now owns 889,904 shares of the aerospace company’s stock valued at $341,276,000 after purchasing an additional 15,552 shares in the last quarter. Y.D. More Investments Ltd lifted its holdings in shares of Elbit Systems by 0.6% in the first quarter. Y.D. More Investments Ltd now owns 452,288 shares of the aerospace company’s stock valued at $173,349,000 after purchasing an additional 2,541 shares in the last quarter. Meitav Investment House Ltd. lifted its holdings in shares of Elbit Systems by 27.7% in the second quarter. Meitav Investment House Ltd. now owns 378,223 shares of the aerospace company’s stock valued at $168,600,000 after purchasing an additional 82,103 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Elbit Systems by 33.7% in the first quarter. Goldman Sachs Group Inc. now owns 135,106 shares of the aerospace company’s stock valued at $51,837,000 after purchasing an additional 34,049 shares in the last quarter. Institutional investors own 17.88% of the company’s stock.

Elbit Systems Stock Performance

Shares of Elbit Systems stock opened at $517.99 on Tuesday. The business’s fifty day simple moving average is $486.37 and its 200 day simple moving average is $440.78. The firm has a market capitalization of $23.02 billion, a P/E ratio of 58.80, a price-to-earnings-growth ratio of 1.83 and a beta of 0.33. Elbit Systems Ltd. has a 12 month low of $207.09 and a 12 month high of $529.99. The company has a current ratio of 1.29, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06.

Elbit Systems (NASDAQ:ESLT) last issued its quarterly earnings results on Wednesday, August 13th. The aerospace company reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $2.57 by $0.66. The business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.89 billion. Elbit Systems had a return on equity of 14.29% and a net margin of 5.35%.During the same period last year, the company posted $2.08 earnings per share. As a group, analysts anticipate that Elbit Systems Ltd. will post 8.05 EPS for the current year.

Elbit Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Tuesday, October 14th will be given a $0.75 dividend. This is an increase from Elbit Systems’s previous quarterly dividend of $0.60. This represents a $3.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, October 14th. Elbit Systems’s dividend payout ratio (DPR) is 22.70%.

Wall Street Analyst Weigh In

ESLT has been the topic of a number of recent research reports. JPMorgan Chase & Co. initiated coverage on Elbit Systems in a report on Tuesday, September 30th. They issued a “neutral” rating and a $520.00 target price on the stock. Wall Street Zen lowered Elbit Systems from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Elbit Systems in a report on Wednesday, October 8th. Finally, Bank of America raised their target price on Elbit Systems from $500.00 to $540.00 and gave the company a “buy” rating in a report on Tuesday, August 26th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $530.00.

Elbit Systems Profile

Elbit Systems Ltd. develops and supplies a portfolio of airborne, land, and naval systems and products for the defense, homeland security, and commercial aviation applications primarily in Israel. The company operates through Aerospace, C4I and Cyber, ISTAR and EW, Land, and Elbit Systems of America segments.