Total Clarity Wealth Management Inc. Buys New Stake in Elbit Systems Ltd. $ESLT

Total Clarity Wealth Management Inc. bought a new stake in Elbit Systems Ltd. (NASDAQ:ESLT) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 1,473 shares of the aerospace company’s stock, valued at approximately $851,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ESLT. CoreCap Advisors LLC acquired a new position in Elbit Systems in the 4th quarter valued at $26,000. Financial Consulate Inc. acquired a new position in Elbit Systems in the 3rd quarter valued at $60,000. Wexford Capital LP acquired a new position in Elbit Systems in the 3rd quarter valued at $63,000. Smartleaf Asset Management LLC raised its holdings in Elbit Systems by 24.4% in the 3rd quarter. Smartleaf Asset Management LLC now owns 194 shares of the aerospace company’s stock valued at $97,000 after acquiring an additional 38 shares during the last quarter. Finally, Montag A & Associates Inc. raised its holdings in Elbit Systems by 27.8% in the 3rd quarter. Montag A & Associates Inc. now owns 193 shares of the aerospace company’s stock valued at $98,000 after acquiring an additional 42 shares during the last quarter. Hedge funds and other institutional investors own 17.88% of the company’s stock.

Elbit Systems Trading Up 2.4%

ESLT stock opened at $839.34 on Friday. The company has a market cap of $37.31 billion, a price-to-earnings ratio of 73.89, a PEG ratio of 3.44 and a beta of 0.16. The company has a quick ratio of 0.77, a current ratio of 1.29 and a debt-to-equity ratio of 0.06. The business has a fifty day simple moving average of $870.30 and a 200-day simple moving average of $676.27. Elbit Systems Ltd. has a 52 week low of $369.60 and a 52 week high of $1,016.06.

Elbit Systems (NASDAQ:ESLT) last released its quarterly earnings data on Tuesday, March 17th. The aerospace company reported $3.56 EPS for the quarter, topping analysts’ consensus estimates of $3.23 by $0.33. The business had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.09 billion. Elbit Systems had a return on equity of 15.53% and a net margin of 6.73%. On average, equities research analysts expect that Elbit Systems Ltd. will post 15.47 EPS for the current year.

Elbit Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 27th. Stockholders of record on Monday, April 13th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, April 13th. This is a positive change from Elbit Systems’s previous quarterly dividend of $0.75. Elbit Systems’s payout ratio is currently 29.31%.

Insider Buying and Selling at Elbit Systems

In other news, EVP Ran Kril sold 6,803 shares of the company’s stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $887.40, for a total transaction of $6,036,982.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Bezhalel Machlis sold 25,514 shares of the company’s stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $887.40, for a total value of $22,641,123.60. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 69,736 shares of company stock worth $61,883,726. 0.84% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on ESLT shares. Wall Street Zen upgraded Elbit Systems from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. JPMorgan Chase & Co. boosted their price target on Elbit Systems from $580.00 to $930.00 and gave the company a “neutral” rating in a report on Monday, April 13th. Finally, Zacks Research upgraded Elbit Systems from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $667.00.

Elbit Systems 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.