Yelin Lapidot Holdings Management Ltd. Sells 2,560 Shares of Elbit Systems Ltd. $ESLT

Yelin Lapidot Holdings Management Ltd. cut its holdings in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 19.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,281 shares of the aerospace company’s stock after selling 2,560 shares during the period. Elbit Systems comprises approximately 1.1% of Yelin Lapidot Holdings Management Ltd.’s investment portfolio, making the stock its 25th biggest position. Yelin Lapidot Holdings Management Ltd.’s holdings in Elbit Systems were worth $5,241,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Assetmark Inc. raised its holdings in shares of Elbit Systems by 11.2% during the 2nd quarter. Assetmark Inc. now owns 209 shares of the aerospace company’s stock worth $94,000 after buying an additional 21 shares in the last quarter. SteelPeak Wealth LLC grew its position in Elbit Systems by 1.1% in the third quarter. SteelPeak Wealth LLC now owns 1,864 shares of the aerospace company’s stock valued at $950,000 after acquiring an additional 21 shares during the last quarter. SBI Securities Co. Ltd. raised its stake in Elbit Systems by 20.9% during the second quarter. SBI Securities Co. Ltd. now owns 185 shares of the aerospace company’s stock worth $83,000 after acquiring an additional 32 shares in the last quarter. Public Sector Pension Investment Board raised its stake in Elbit Systems by 0.3% during the second quarter. Public Sector Pension Investment Board now owns 14,522 shares of the aerospace company’s stock worth $6,460,000 after acquiring an additional 48 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Elbit Systems by 8.4% in the second quarter. Janney Montgomery Scott LLC now owns 647 shares of the aerospace company’s stock worth $291,000 after acquiring an additional 50 shares during the last quarter. Institutional investors and hedge funds own 17.88% of the company’s stock.

Elbit Systems Stock Up 1.3%

Shares of NASDAQ:ESLT opened at $683.36 on Monday. The firm has a market cap of $30.38 billion, a P/E ratio of 69.45, a P/E/G ratio of 2.07 and a beta of 0.22. The company has a quick ratio of 0.76, a current ratio of 1.32 and a debt-to-equity ratio of 0.06. Elbit Systems Ltd. has a 12-month low of $279.09 and a 12-month high of $688.43. The business has a fifty day simple moving average of $523.15 and a 200 day simple moving average of $491.56.

Elbit Systems (NASDAQ:ESLT) last released its quarterly earnings results on Tuesday, November 18th. The aerospace company reported $3.35 EPS for the quarter, beating analysts’ consensus estimates of $2.75 by $0.60. The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.99 billion. Elbit Systems had a return on equity of 15.04% and a net margin of 5.91%. Analysts predict that Elbit Systems Ltd. will post 8.05 earnings per share for the current year.

Elbit Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 5th. Stockholders of record on Monday, December 22nd were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, December 22nd. Elbit Systems’s dividend payout ratio is currently 22.87%.

Analysts Set New Price Targets

A number of research firms recently issued reports on ESLT. Weiss Ratings reiterated a “buy (b)” rating on shares of Elbit Systems in a research report on Monday, December 29th. JPMorgan Chase & Co. upped their price target on shares of Elbit Systems from $530.00 to $580.00 and gave the stock a “neutral” rating in a report on Friday, December 19th. Wall Street Zen downgraded Elbit Systems from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. Zacks Research lowered Elbit Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. Finally, Morgan Stanley began coverage on Elbit Systems in a research report on Thursday, December 11th. They issued an “equal weight” rating and a $531.00 target price for the company. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $550.33.

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.