FIL Ltd Invests $4.62 Million in Elbit Systems Ltd. (NASDAQ:ESLT)

FIL Ltd bought a new stake in Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 17,887 shares of the aerospace company's stock, valued at approximately $4,616,000.

A number of other institutional investors have also bought and sold shares of ESLT. Invesco Ltd. boosted its position in shares of Elbit Systems by 13.1% during the 4th quarter. Invesco Ltd. now owns 338,256 shares of the aerospace company's stock valued at $87,294,000 after purchasing an additional 39,095 shares in the last quarter. Cerity Partners LLC boosted its holdings in shares of Elbit Systems by 21.1% during the 4th quarter. Cerity Partners LLC now owns 3,823 shares of the aerospace company's stock worth $950,000 after buying an additional 665 shares in the last quarter. Hurley Capital LLC acquired a new stake in shares of Elbit Systems during the 4th quarter worth approximately $26,000. Geode Capital Management LLC lifted its position in shares of Elbit Systems by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 38,786 shares of the aerospace company's stock valued at $10,010,000 after acquiring an additional 360 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Elbit Systems by 177.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 227,102 shares of the aerospace company's stock worth $59,207,000 after acquiring an additional 145,324 shares in the last quarter. Institutional investors own 17.88% of the company's stock.

Elbit Systems Stock Up 0.1 %

NASDAQ ESLT traded up $0.58 during mid-day trading on Wednesday, hitting $405.06. The company's stock had a trading volume of 43,124 shares, compared to its average volume of 38,315. The firm has a market capitalization of $18.01 billion, a price-to-earnings ratio of 69.24 and a beta of 0.32. The company's 50 day simple moving average is $354.81 and its 200 day simple moving average is $286.87. The company has a current ratio of 1.15, a quick ratio of 0.64 and a debt-to-equity ratio of 0.10. Elbit Systems Ltd. has a twelve month low of $175.30 and a twelve month high of $420.00.

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Elbit Systems (NASDAQ:ESLT - Get Free Report) last posted its earnings results 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. The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.78 billion. Elbit Systems had a net margin of 4.00% and a return on equity of 11.34%. Analysts anticipate that Elbit Systems Ltd. will post 8.05 earnings per share for the current year.

Elbit Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Tuesday, April 22nd will be paid a dividend of $0.60 per share. The ex-dividend date is Tuesday, April 22nd. This is a boost from Elbit Systems's previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a yield of 0.59%. Elbit Systems's dividend payout ratio (DPR) is 27.72%.

Analyst Upgrades and Downgrades

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

About Elbit Systems

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.