Elbit Systems (NASDAQ:ESLT) Shares Gap Down - Time to Sell?

Elbit Systems Ltd. (NASDAQ:ESLT - Get Free Report)'s share price gapped down prior to trading on Tuesday . The stock had previously closed at $384.50, but opened at $374.12. Elbit Systems shares last traded at $372.55, with a volume of 17,239 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Elbit Systems from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th.

Elbit Systems Price Performance

The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.64 and a current ratio of 1.15. The company has a market capitalization of $16.76 billion, a PE ratio of 64.44 and a beta of 0.32. The stock has a 50 day moving average price of $362.68 and a two-hundred day moving average price of $293.03.

Elbit Systems (NASDAQ:ESLT - Get Free Report) last issued its quarterly earnings data on Tuesday, March 18th. The aerospace company reported $2.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.95 by $0.71. Elbit Systems had a net margin of 4.00% and a return on equity of 11.34%. The firm had revenue of $1.93 billion during the quarter, compared to analysts' expectations of $1.78 billion. Equities analysts forecast that Elbit Systems Ltd. will post 8.05 earnings per share for the current year.

Elbit Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Tuesday, April 22nd will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 0.64%. This is a boost from Elbit Systems's previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, April 22nd. Elbit Systems's dividend payout ratio is 27.72%.

Institutional Trading of Elbit Systems

Hedge funds have recently added to or reduced their stakes in the business. Hurley Capital LLC bought a new stake in shares of Elbit Systems in the fourth quarter valued at approximately $26,000. Prestige Wealth Management Group LLC boosted its holdings in Elbit Systems by 150.0% in the 4th quarter. Prestige Wealth Management Group LLC now owns 125 shares of the aerospace company's stock valued at $32,000 after purchasing an additional 75 shares during the period. Sierra Ocean LLC acquired a new stake in Elbit Systems in the 4th quarter worth $41,000. Smartleaf Asset Management LLC increased its holdings in shares of Elbit Systems by 196.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 160 shares of the aerospace company's stock worth $41,000 after purchasing an additional 106 shares during the period. Finally, Morse Asset Management Inc acquired a new position in shares of Elbit Systems during the third quarter valued at about $40,000. Institutional investors own 17.88% of the company's stock.

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.

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