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Systematic Financial Management LP Buys 8,000 Shares of Elbit Systems Ltd. (NASDAQ:ESLT)

Elbit Systems logo with Aerospace background

Systematic Financial Management LP grew its stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 12.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 74,322 shares of the aerospace company's stock after acquiring an additional 8,000 shares during the quarter. Systematic Financial Management LP owned about 0.17% of Elbit Systems worth $14,872,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Quadrature Capital Ltd bought a new stake in shares of Elbit Systems in the 3rd quarter worth $1,519,000. Quantinno Capital Management LP increased its holdings in Elbit Systems by 17.8% in the 3rd 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 in the last quarter. Point72 Asset Management L.P. raised its position in 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 worth $1,361,000 after buying an additional 2,100 shares during the last quarter. Morse Asset Management Inc bought a new position in Elbit Systems during the 3rd quarter valued at about $40,000. Finally, Heard Capital LLC boosted its holdings in shares of Elbit Systems by 4.8% during the 3rd quarter. Heard Capital LLC now owns 218,392 shares of the aerospace company's stock valued at $43,700,000 after acquiring an additional 10,070 shares during the last quarter. Hedge funds and other institutional investors own 17.88% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Elbit Systems from a "buy" rating to a "strong-buy" rating in a report on Wednesday, November 20th.

View Our Latest Stock Analysis on Elbit Systems

Elbit Systems Stock Performance

ESLT traded up $1.11 during mid-day trading on Friday, reaching $251.61. 27,915 shares of the company traded hands, compared to its average volume of 24,275. The company's fifty day moving average price is $227.07 and its 200-day moving average price is $203.03. The stock has a market capitalization of $11.19 billion, a P/E ratio of 43.01 and a beta of 0.52. The company has a quick ratio of 0.64, a current ratio of 1.15 and a debt-to-equity ratio of 0.10. Elbit Systems Ltd. has a 52-week low of $175.30 and a 52-week high of $255.02.

Elbit Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Monday, December 23rd will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Monday, December 23rd. This is a boost from Elbit Systems's previous quarterly dividend of $0.42. Elbit Systems's dividend payout ratio is 28.38%.

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.

See Also

Institutional Ownership by Quarter for Elbit Systems (NASDAQ:ESLT)

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