Cadent Capital Advisors LLC Purchases New Stake in Elbit Systems Ltd. $ESLT

Cadent Capital Advisors LLC acquired a new stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT) during the fourth quarter, Holdings Channel reports. The fund acquired 2,585 shares of the aerospace company’s stock, valued at approximately $1,493,000.

Several other hedge funds and other institutional investors also recently modified their holdings of ESLT. HWG Holdings LP raised its stake in shares of Elbit Systems by 9.9% in the 4th quarter. HWG Holdings LP now owns 21,268 shares of the aerospace company’s stock valued at $12,287,000 after purchasing an additional 1,923 shares in the last quarter. Daymark Wealth Partners LLC acquired a new stake in shares of Elbit Systems during the fourth quarter worth $203,000. Assenagon Asset Management S.A. raised its holdings in shares of Elbit Systems by 15.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,435 shares of the aerospace company’s stock worth $827,000 after purchasing an additional 191 shares during the period. 180 Wealth Advisors LLC bought a new position in shares of Elbit Systems in the 4th quarter worth about $237,000. Finally, Tudor Investment Corp ET AL boosted its holdings in shares of Elbit Systems by 27.0% in the 3rd quarter. Tudor Investment Corp ET AL now owns 1,049 shares of the aerospace company’s stock valued at $535,000 after buying an additional 223 shares during the period. Institutional investors own 17.88% of the company’s stock.

Elbit Systems Price Performance

Shares of NASDAQ:ESLT opened at $890.22 on Friday. The stock has a market cap of $39.57 billion, a price-to-earnings ratio of 78.36, a PEG ratio of 2.68 and a beta of 0.22. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.29 and a quick ratio of 0.77. Elbit Systems Ltd. has a 12 month low of $354.68 and a 12 month high of $1,016.06. The stock’s 50 day moving average price is $782.47 and its 200 day moving average price is $611.28.

Elbit Systems (NASDAQ:ESLT) last issued its quarterly earnings results on Tuesday, March 17th. The aerospace company reported $3.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.33. Elbit Systems had a return on equity of 15.53% and a net margin of 6.73%.The company had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $2.09 billion. Equities research analysts anticipate that Elbit Systems Ltd. will post 8.05 earnings per share for the current fiscal year.

Elbit Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 27th. Investors of record on Monday, April 13th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, April 13th. This is an increase from Elbit Systems’s previous quarterly dividend of $0.75. This represents a $4.00 dividend on an annualized basis and a yield of 0.4%. Elbit Systems’s dividend payout ratio is presently 19.81%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ESLT shares. JPMorgan Chase & Co. boosted their price objective on shares of Elbit Systems from $530.00 to $580.00 and gave the company a “neutral” rating in a research report on Friday, December 19th. Morgan Stanley initiated coverage on Elbit Systems in a research note on Thursday, December 11th. They issued an “equal weight” rating and a $531.00 target price for the company. Wall Street Zen raised Elbit Systems from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Elbit Systems in a research report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Elbit Systems currently has an average rating of “Hold” and a consensus target price of $550.33.

About Elbit Systems

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.