ESLT Elbit Systems Ltd

Following months of protests and direct action by pro-Palestine activists, insurance companies Allianz and Aviva have reportedly ceased providing coverage to Israeli arms manufacturer Elbit Systems. Campaign groups highlight this as a victory for direct action, demonstrating its effectiveness in disrupting the Israeli weapons industry. The decision comes after sustained pressure and targeting of the insurers' offices by groups like Palestine Action, advocating against Elbit Systems' alleged complicity in Israeli war crimes.

HWG Holdings LP significantly increased its stake in Elbit Systems Ltd. (ESLT) by 60.2% in Q3, bringing its total holdings to 19,345 shares valued at $9.86 million. This makes ESLT the fund's 13th largest position, accounting for 2.5% of its investment portfolio. Elbit Systems also reported strong Q3 earnings, beating EPS estimates and declaring a $0.75 quarterly dividend, while institutional ownership in the company remains high.

Elbit Systems' deal to supply PULS rocket artillery systems to Greece is jeopardized by a new US policy preventing European countries from using American rockets in non-US launchers, specifically Elbit's EuroPuls. This policy raises concerns for Greece, as it operates M270A0 MLRS systems and Lockheed Martin is offering a more cost-effective upgrade and new HIMARS systems. The US move is forcing Greece to reconsider its options, despite its broader strategic defense partnership with Israel.

Voya Investment Management LLC significantly increased its stake in Elbit Systems Ltd. ($ESLT) by 15.8%, now holding 62,312 shares valued at $31.63 million. The company reported an earnings beat, with quarterly EPS of $3.35, exceeding the $2.75 expectation, although revenue slightly missed estimates. Analyst sentiment is mixed, resulting in a consensus "Hold" rating and a average price target of $550.33.

Elbit Systems Ltd (NASDAQ: ESLT) is currently trading at $554.25, experiencing a 2.42% increase, with its stock up 17.00% over the past month and 111.40% over the past year. The article analyzes Elbit Systems' P/E ratio of 54.93, noting it is lower than the Aerospace & Defense industry's aggregate P/E of 68.34. While a low P/E could signal undervaluation, investors are cautioned to consider other metrics and factors for a comprehensive financial health assessment.

Elbit Systems Ltd. (NASDAQ:ESLT) has announced a quarterly dividend of $0.75 per share, payable on January 5th to shareholders of record on December 22nd. This reflects a conservative payout ratio and the company's ability to cover the dividend with expected future earnings of $8.85 per share next year. The aerospace company recently reported strong earnings of $3.35 EPS, beating consensus estimates, and its shares are trading near $554.25.