Shares of Elbit Systems Ltd. (NASDAQ:ESLT) bought by Altshuler Shaham Ltd

VaselineSeptember 23, 2024

0 3 minutes read

Altshuler Shaham Ltd grew its holdings in shares of Elbit Systems Ltd. (NASDAQ:ESLT – Free Report) by 2.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 912,307 shares of the aerospace company’s stock after buying an additional 18,014 shares during the period. Elbit Systems makes up about 5.4% of Altshuler Shaham Ltd’s investment portfolio, making the stock its 6th biggest holding. Altshuler Shaham Ltd’s holdings in Elbit Systems were worth $161,177,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ESLT. YD More Investments Ltd raised its stake in shares of Elbit Systems by 32,724.6% during the second quarter. YD More Investments Ltd now owns 403,742 shares of the aerospace company’s stock worth $71,329,000 after buying an additional 402,512 shares during the last quarter. Heard Capital LLC purchased a new position in shares of Elbit Systems in the fourth quarter valued at $26,428,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Elbit Systems in the first quarter valued at $10,893,000. Meitav Investment House Ltd. raised its stake in shares of Elbit Systems by 13.2% in the second quarter. Meitav Investment House Ltd. now owns 238,396 shares of the aerospace company’s stock valued at $42,117,000 after acquiring an additional 27,851 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Elbit Systems by 34.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 96,481 shares of the aerospace company’s stock worth $20,575,000 after purchasing an additional 24,484 shares during the last quarter. Hedge funds and other institutional investors own 17.88% of the company’s shares.

Price performance of Elbit systems

Shares of ESLT opened at $192.24 on Monday. The stock has a 50 day moving average price of $192.60 and a two hundred day moving average price of $194.72. The company has a market cap of $8.55 billion, a PE ratio of 37.84 and a beta of 0.54. The company has a current ratio of 1.13, a quick ratio of 0.66, and a debt-to-equity ratio of 0.10. Elbit Systems Ltd. has a 12-month low of $175.30 and a 12-month high of $225.64.

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Elbit Systems (NASDAQ:ESLT – Get Your Free Report ) last posted its earnings results on Wednesday, August 14th. The aerospace company reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.31. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.57 billion. Elbit Systems had a net margin of 3.85% and a return on equity of 10.70%. In the same quarter last year, the company earned $1.57 EPS. As a group, research analysts anticipate that Elbit Systems Ltd. will post 7.8 EPS for the current year.

Elbit Systems cuts dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Tuesday, October 15th will be paid a $0.416 dividend. This represents a dividend of $1.66 on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Tuesday, October 15th. Elbit Systems’ dividend payout ratio is currently 32.68%.

Analysts set new price targets

Separately, StockNews.com raised shares of Elbit Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th.

See the latest stock report on Elbit Systems

Elbit Systems Company Profile

(Free Report)

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