Commonwealth Equity Services LLC Buys Shares of 911 Elbit Systems Ltd. (NASDAQ:ESLT)

Commonwealth Equity Services LLC purchased a new position in shares of Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 911 shares of the aerospace company's stock, valued at approximately $235,000.

A number of other hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. raised its position in Elbit Systems by 57.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,179 shares of the aerospace company's stock worth $436,000 after buying an additional 796 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Elbit Systems by 99.4% in the third quarter. BNP Paribas Financial Markets now owns 3,390 shares of the aerospace company's stock valued at $678,000 after purchasing an additional 1,690 shares during the last quarter. Morse Asset Management Inc acquired a new stake in Elbit Systems during the 3rd quarter worth about $40,000. Point72 Asset Management L.P. lifted its holdings in shares of Elbit Systems by 44.7% in the 3rd quarter. Point72 Asset Management L.P. now owns 6,800 shares of the aerospace company's stock valued at $1,361,000 after buying an additional 2,100 shares during the period. Finally, Quantinno Capital Management LP boosted its stake in shares of Elbit Systems by 17.8% in the third quarter. Quantinno Capital Management LP now owns 8,356 shares of the aerospace company's stock worth $1,668,000 after buying an additional 1,260 shares during the last quarter. 17.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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Elbit Systems Price Performance

Shares of Elbit Systems stock traded down $1.90 during trading hours on Tuesday, reaching $406.39. The stock had a trading volume of 7,474 shares, compared to its average volume of 37,962. Elbit Systems Ltd. has a twelve month low of $175.30 and a twelve month high of $420.00. The company has a current ratio of 1.15, a quick ratio of 0.64 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $18.07 billion, a PE ratio of 69.40 and a beta of 0.32. The stock's 50 day moving average is $352.83 and its 200 day moving average is $286.05.

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

Elbit Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Tuesday, April 22nd will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 0.59%. This is a positive change from Elbit Systems's previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, April 22nd. Elbit Systems's payout ratio is presently 27.72%.

Elbit Systems 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.