Elbit Systems (NASDAQ:ESLT) Shares Gap Down – What’s Next?

Shares of Elbit Systems Ltd. (NASDAQ:ESLT) gapped down prior to trading on Monday . The stock had previously closed at $410.83, but opened at $397.27. Elbit Systems shares last traded at $396.37, with a volume of 23,223 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Elbit Systems from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th.

Elbit Systems Stock Performance

The company has a quick ratio of 0.64, a current ratio of 1.15 and a debt-to-equity ratio of 0.10. The stock has a 50-day moving average of $325.46 and a 200 day moving average of $265.04. The stock has a market cap of $18.00 billion, a PE ratio of 69.23 and a beta of 0.53.

Elbit Systems (NASDAQ:ESLT) last posted its quarterly earnings results on Tuesday, March 18th. The aerospace company reported $2.66 EPS for the quarter, topping the consensus estimate of $1.95 by $0.71. Elbit Systems had a return on equity of 11.34% and a net margin of 4.00%. The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.78 billion. Equities analysts predict that Elbit Systems Ltd. will post 8.05 EPS for the current fiscal year.

Elbit Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Tuesday, April 22nd will be paid a $0.60 dividend. This is a boost from Elbit Systems’s previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, April 22nd. This represents a $2.40 annualized dividend and a dividend yield of 0.59%. Elbit Systems’s dividend payout ratio is 27.72%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ESLT. Hurley Capital LLC acquired a new stake in Elbit Systems during the fourth quarter worth $26,000. Prestige Wealth Management Group LLC increased its position in shares of Elbit Systems by 150.0% during the 4th quarter. Prestige Wealth Management Group LLC now owns 125 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 75 shares during the last quarter. Sierra Ocean LLC purchased a new stake in Elbit Systems in the 4th quarter valued at about $41,000. Smartleaf Asset Management LLC lifted its position in Elbit Systems by 196.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 160 shares of the aerospace company’s stock valued at $41,000 after buying an additional 106 shares during the last quarter. Finally, Morse Asset Management Inc purchased a new position in Elbit Systems during the third quarter worth about $40,000. 17.88% of the stock is currently owned by institutional investors and hedge funds.

Elbit Systems Company Profile

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