Charles Schwab Investment Management Inc. Has $810,000 Stock Holdings in Elbit Systems Ltd. (NASDAQ:ESLT)

Charles Schwab Investment Management Inc. lifted its position in shares of Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 44.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,140 shares of the aerospace company's stock after acquiring an additional 961 shares during the period. Charles Schwab Investment Management Inc.'s holdings in Elbit Systems were worth $810,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Steward Partners Investment Advisory LLC boosted its position in shares of Elbit Systems by 104.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,320 shares of the aerospace company's stock worth $341,000 after buying an additional 675 shares during the period. Smartleaf Asset Management LLC boosted its position in 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 acquiring an additional 106 shares during the period. US Bancorp DE grew its stake in shares of Elbit Systems by 9.0% in the fourth quarter. US Bancorp DE now owns 2,690 shares of the aerospace company's stock worth $694,000 after purchasing an additional 222 shares in the last quarter. Henry James International Management Inc. increased its holdings in shares of Elbit Systems by 9.2% during the fourth quarter. Henry James International Management Inc. now owns 22,211 shares of the aerospace company's stock valued at $5,732,000 after purchasing an additional 1,876 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Elbit Systems by 5.3% during the fourth quarter. Bank of New York Mellon Corp now owns 45,789 shares of the aerospace company's stock valued at $11,817,000 after purchasing an additional 2,317 shares during the period. Institutional investors and hedge funds own 17.88% of the company's stock.

Remove Ads

Elbit Systems Price Performance

Shares of NASDAQ ESLT traded up $1.93 during mid-day trading on Thursday, reaching $390.16. 54,868 shares of the company traded hands, compared to its average volume of 35,743. Elbit Systems Ltd. has a fifty-two week low of $175.30 and a fifty-two week high of $420.00. The firm has a market cap of $17.34 billion, a PE ratio of 66.69 and a beta of 0.53. The stock has a fifty day simple moving average of $338.00 and a 200-day simple moving average of $273.41. 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 issued its quarterly earnings results on Tuesday, March 18th. The aerospace company reported $2.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.71. The company had revenue of $1.93 billion for 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%. Equities research analysts anticipate that Elbit Systems Ltd. will post 8.05 EPS for the current fiscal year.

Elbit Systems Increases Dividend

The firm also recently announced 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 an increase from Elbit Systems's previous quarterly dividend of $0.50. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend is Tuesday, April 22nd. Elbit Systems's payout ratio is presently 27.72%.

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 report on Tuesday, February 25th.

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.