Arrowstreet Capital Limited Partnership boosted its stake in Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 177.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 227,102 shares of the aerospace company's stock after buying an additional 145,324 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.51% of Elbit Systems worth $59,207,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Elbit Systems by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 874,352 shares of the aerospace company's stock worth $229,268,000 after buying an additional 10,215 shares during the period. Y.D. More Investments Ltd grew its stake in shares of Elbit Systems by 10.1% in the fourth quarter. Y.D. More Investments Ltd now owns 449,747 shares of the aerospace company's stock valued at $117,520,000 after acquiring an additional 41,401 shares in the last quarter. Heard Capital LLC increased 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 acquiring an additional 10,070 shares during the period. JPMorgan Chase & Co. raised its stake in Elbit Systems by 12.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 170,703 shares of the aerospace company's stock worth $34,158,000 after purchasing an additional 18,614 shares in the last quarter. Finally, Systematic Financial Management LP boosted its holdings in Elbit Systems by 12.1% in the 3rd quarter. Systematic Financial Management LP now owns 74,322 shares of the aerospace company's stock valued at $14,872,000 after purchasing an additional 8,000 shares during the period. 17.88% of the stock is owned by institutional investors.
Elbit Systems Price Performance
NASDAQ ESLT traded down $20.01 during midday trading on Friday, hitting $370.15. The company had a trading volume of 114,859 shares, compared to its average volume of 36,161. The company has a market capitalization of $16.45 billion, a PE ratio of 63.27 and a beta of 0.32. 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 50-day moving average price of $339.38 and a 200-day moving average price of $275.78.
Elbit Systems (NASDAQ:ESLT - Get Free Report) last posted its quarterly earnings results on Tuesday, March 18th. The aerospace company reported $2.66 EPS for the quarter, beating 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 business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.78 billion. As a group, analysts anticipate that Elbit Systems Ltd. will post 8.05 earnings per share for the current fiscal year.
Elbit Systems Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Tuesday, April 22nd will be given a dividend of $0.60 per share. This is a positive change from Elbit Systems's previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $2.40 annualized dividend and a dividend yield of 0.65%. Elbit Systems's dividend payout ratio (DPR) is currently 27.72%.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded shares of Elbit Systems from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th.
Check Out Our Latest Research Report on Elbit Systems
About Elbit Systems
(
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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