TIAA Trust National Association Purchases New Position in Elbit Systems Ltd. (NASDAQ:ESLT)

TIAA Trust National Association bought a new stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 906 shares of the aerospace company's stock, valued at approximately $234,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Elbit Systems by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 874,352 shares of the aerospace company's stock worth $229,268,000 after acquiring an additional 10,215 shares during the period. Y.D. More Investments Ltd lifted its position in Elbit Systems by 10.1% during the fourth quarter. Y.D. More Investments Ltd now owns 449,747 shares of the aerospace company's stock worth $117,520,000 after buying an additional 41,401 shares during the period. Heard Capital LLC lifted its position in Elbit Systems by 4.8% during the third quarter. Heard Capital LLC now owns 218,392 shares of the aerospace company's stock worth $43,700,000 after buying an additional 10,070 shares during the period. JPMorgan Chase & Co. grew its holdings in Elbit Systems by 12.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 170,703 shares of the aerospace company's stock valued at $34,158,000 after buying an additional 18,614 shares during the period. Finally, Systematic Financial Management LP increased its stake in shares of Elbit Systems by 12.1% during the 3rd quarter. Systematic Financial Management LP now owns 74,322 shares of the aerospace company's stock valued at $14,872,000 after acquiring an additional 8,000 shares during the last quarter. Hedge funds and other institutional investors own 17.88% of the company's stock.

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Elbit Systems Trading Up 0.4 %

Shares of ESLT stock traded up $1.57 on Wednesday, reaching $388.93. 13,209 shares of the stock were exchanged, compared to its average volume of 35,387. 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 market cap of $17.29 billion, a P/E ratio of 66.54 and a beta of 0.53. The firm has a 50 day moving average of $334.52 and a two-hundred day moving average of $271.78. Elbit Systems Ltd. has a 1-year low of $175.30 and a 1-year high of $420.00.

Elbit Systems (NASDAQ:ESLT - Get Free Report) last announced 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. The company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.78 billion. Elbit Systems had a return on equity of 11.34% and a net margin of 4.00%. On average, research analysts anticipate that Elbit Systems Ltd. will post 8.05 EPS for the current year.

Elbit Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Tuesday, April 22nd will be issued a $0.60 dividend. This is a positive change 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 yield of 0.62%. Elbit Systems's dividend payout ratio (DPR) is presently 27.72%.

Analyst Ratings Changes

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

About Elbit Systems

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.