Elbit Systems Ltd. (NASDAQ:ESLT) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. raised its stake in Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 874,352 shares of the aerospace company's stock after acquiring an additional 10,215 shares during the quarter. Vanguard Group Inc. owned approximately 1.97% of Elbit Systems worth $229,268,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of ESLT. Morse Asset Management Inc purchased a new position in shares of Elbit Systems during the 3rd quarter valued at approximately $40,000. Sierra Ocean LLC purchased a new position in Elbit Systems in the fourth quarter valued at $41,000. Smartleaf Asset Management LLC increased its holdings in Elbit Systems by 196.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 160 shares of the aerospace company's stock valued at $41,000 after buying an additional 106 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Elbit Systems during the 3rd quarter worth about $63,000. Finally, Callan Family Office LLC acquired a new stake in shares of Elbit Systems during the 4th quarter valued at about $231,000. Hedge funds and other institutional investors own 17.88% of the company's stock.

Elbit Systems Price Performance

Shares of NASDAQ ESLT opened at $370.15 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.64 and a current ratio of 1.15. The firm has a fifty day moving average of $339.38 and a 200 day moving average of $275.20. The firm has a market cap of $16.45 billion, a PE ratio of 63.27 and a beta of 0.32. Elbit Systems Ltd. has a one year low of $175.30 and a one year high of $420.00.

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Elbit Systems (NASDAQ:ESLT - Get Free Report) last released its earnings results on Tuesday, March 18th. The aerospace company reported $2.66 EPS for the quarter, topping analysts' consensus estimates of $1.95 by $0.71. The business had revenue of $1.93 billion during the quarter, compared to analysts' expectations of $1.78 billion. Elbit Systems had a net margin of 4.00% and a return on equity of 11.34%. As a group, research analysts predict that Elbit Systems Ltd. will post 8.05 EPS 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. Stockholders of record on Tuesday, April 22nd will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 0.65%. The ex-dividend date is Tuesday, April 22nd. This is an increase from Elbit Systems's previous quarterly dividend of $0.50. Elbit Systems's dividend payout ratio (DPR) is 27.72%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Elbit Systems from a "strong-buy" rating to a "buy" rating in a 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.

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