Ashton Thomas Private Wealth LLC Purchases Shares of 1,357 Elbit Systems Ltd. $ESLT

Ashton Thomas Private Wealth LLC acquired a new stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 1,357 shares of the aerospace company’s stock, valued at approximately $783,000.

Other hedge funds have also recently modified their holdings of the company. CoreCap Advisors LLC acquired a new position in shares of Elbit Systems during the fourth quarter valued at about $26,000. Financial Consulate Inc. acquired a new position in shares of Elbit Systems during the third quarter valued at about $60,000. Wexford Capital LP acquired a new position in shares of Elbit Systems during the third quarter valued at about $63,000. Montag A & Associates Inc. increased its holdings in shares of Elbit Systems by 27.8% during the third 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 in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Elbit Systems by 24.4% during the third 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 in the last quarter. Institutional investors and hedge funds own 17.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ESLT shares. JPMorgan Chase & Co. upped their price objective on shares of Elbit Systems from $580.00 to $930.00 and gave the company a “neutral” rating in a report on Monday, April 13th. Zacks Research upgraded shares of Elbit Systems from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. Finally, Wall Street Zen upgraded shares of Elbit Systems from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. One 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 company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $667.00.

Insider Buying and Selling at Elbit Systems

In other news, EVP Jonathan Ariel sold 7,654 shares of the firm’s stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $887.40, for a total transaction of $6,792,159.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Haim Daniel Delmar sold 7,654 shares of the firm’s stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $887.40, for a total transaction of $6,792,159.60. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 69,736 shares of company stock worth $61,883,726. 0.84% of the stock is currently owned by insiders.

Elbit Systems Price Performance

Shares of NASDAQ:ESLT opened at $839.34 on Friday. Elbit Systems Ltd. has a twelve month low of $369.60 and a twelve month high of $1,016.06. The company’s 50 day moving average is $870.30 and its 200 day moving average is $676.27. The company has a current ratio of 1.29, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06. The company has a market cap of $37.31 billion, a PE ratio of 73.89, a price-to-earnings-growth ratio of 3.44 and a beta of 0.16.

Elbit Systems (NASDAQ:ESLT) last issued its quarterly earnings results 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 net margin of 6.73% and a return on equity of 15.53%. The company had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.09 billion. On average, sell-side analysts forecast 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 paid 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 of this dividend was Monday, April 13th. This is a positive change from Elbit Systems’s previous quarterly dividend of $0.75. Elbit Systems’s dividend payout ratio is 29.31%.

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.