Alliancebernstein L.P. lessened its stake in Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 3.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 57,587 shares of the aerospace company's stock after selling 2,353 shares during the quarter. Alliancebernstein L.P. owned approximately 0.13% of Elbit Systems worth $14,861,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Elbit Systems by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 874,352 shares of the aerospace company's stock valued at $229,268,000 after acquiring an additional 10,215 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Elbit Systems by 99.4% in the third quarter. BNP Paribas Financial Markets now owns 3,390 shares of the aerospace company's stock worth $678,000 after buying an additional 1,690 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Elbit Systems by 12.2% during the third 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 last quarter. Charles Schwab Investment Management Inc. grew its holdings in Elbit Systems by 44.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,140 shares of the aerospace company's stock valued at $810,000 after buying an additional 961 shares in the last quarter. Finally, Stifel Financial Corp increased its stake in Elbit Systems by 50.3% in the 3rd quarter. Stifel Financial Corp now owns 10,531 shares of the aerospace company's stock worth $2,107,000 after acquiring an additional 3,524 shares during the last quarter. Institutional investors own 17.88% of the company's stock.
Elbit Systems Trading Up 2.5 %
Shares of NASDAQ:ESLT traded up $9.95 during trading on Friday, hitting $406.21. The company had a trading volume of 85,863 shares, compared to its average volume of 37,872. The stock has a market cap of $18.06 billion, a price-to-earnings ratio of 69.44 and a beta of 0.32. The company has a fifty day simple moving average of $350.90 and a two-hundred day simple moving average of $283.94. Elbit Systems Ltd. has a one year low of $175.30 and a one year high of $420.00. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.15 and a quick ratio of 0.64.
Elbit Systems (NASDAQ:ESLT - Get Free Report) last posted its quarterly earnings data on Tuesday, March 18th. The aerospace company reported $2.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.95 by $0.71. The company had revenue of $1.93 billion during the quarter, compared to analysts' expectations of $1.78 billion. Elbit Systems had a return on equity of 11.34% and a net margin of 4.00%. As a group, equities analysts forecast that Elbit Systems Ltd. will post 8.05 earnings per share for the current year.
Elbit Systems Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Tuesday, April 22nd will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 0.59%. This is a boost from Elbit Systems's previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, April 22nd. Elbit Systems's payout ratio is 27.72%.
Analyst Ratings Changes
Separately, StockNews.com downgraded Elbit Systems from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th.
View Our Latest Stock Report on ESLT
Elbit Systems Company Profile
(
Free Report)
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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