Total Clarity Wealth Management Inc. lessened its position in shares of Elbit Systems Ltd. (NASDAQ:ESLT – Free Report) by 49.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 746 shares of the aerospace company’s stock after selling 727 shares during the period. Total Clarity Wealth Management Inc.’s holdings in Elbit Systems were worth $633,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Captrust Financial Advisors boosted its position in shares of Elbit Systems by 2.5% during the fourth quarter. Captrust Financial Advisors now owns 741 shares of the aerospace company’s stock worth $428,000 after buying an additional 18 shares during the period. Cardinal Capital Management lifted its stake in Elbit Systems by 0.3% in the 4th quarter. Cardinal Capital Management now owns 7,889 shares of the aerospace company’s stock valued at $4,558,000 after acquiring an additional 20 shares in the last quarter. Arax Advisory Partners boosted its position in Elbit Systems by 25.0% during the 4th quarter. Arax Advisory Partners now owns 150 shares of the aerospace company’s stock worth $87,000 after acquiring an additional 30 shares during the last quarter. Greenleaf Trust boosted its position in Elbit Systems by 7.1% during the 4th quarter. Greenleaf Trust now owns 466 shares of the aerospace company’s stock worth $269,000 after acquiring an additional 31 shares during the last quarter. Finally, West Family Investments Inc. grew its stake in shares of Elbit Systems by 2.9% during the 3rd quarter. West Family Investments Inc. now owns 1,136 shares of the aerospace company’s stock worth $579,000 after acquiring an additional 32 shares in the last quarter. Institutional investors and hedge funds own 17.88% of the company’s stock.
Insider Transactions at Elbit Systems
In related news, EVP Oren Yaacov Sabag sold 8,504 shares of the firm’s stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of $887.40, for a total value of $7,546,449.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ran Kril sold 6,803 shares of Elbit Systems stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $887.40, for a total value of $6,036,982.20. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 69,736 shares of company stock valued at $61,883,726. 0.84% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
Get Our Latest Analysis on Elbit Systems
Elbit Systems Stock Performance
Shares of NASDAQ ESLT opened at $772.45 on Wednesday. The stock has a market capitalization of $34.34 billion, a PE ratio of 62.55, a price-to-earnings-growth ratio of 3.30 and a beta of 0.14. Elbit Systems Ltd. has a 52 week low of $415.90 and a 52 week high of $1,016.06. The stock has a 50 day moving average price of $826.91 and a 200 day moving average price of $763.21. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 1.41.
Elbit Systems (NASDAQ:ESLT – Get Free Report) last announced its quarterly earnings data on Tuesday, May 26th. The aerospace company reported $3.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.98 by $0.89. The company had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.14 billion. Elbit Systems had a return on equity of 16.15% and a net margin of 7.14%. Analysts predict that Elbit Systems Ltd. will post 15.23 earnings per share for the current fiscal year.
Elbit Systems Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Tuesday, June 23rd will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, June 23rd. Elbit Systems’s dividend payout ratio is 26.88%.
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.
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