Elbit Systems Ltd. (NASDAQ:ESLT) Stock Holdings Increased by Heard Capital LLC

Heard Capital LLC increased its stake in Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 4.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 218,392 shares of the aerospace company's stock after acquiring an additional 10,070 shares during the period. Elbit Systems makes up 2.4% of Heard Capital LLC's investment portfolio, making the stock its 14th largest position. Heard Capital LLC owned about 0.49% of Elbit Systems worth $43,700,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Altshuler Shaham Ltd boosted its stake in shares of Elbit Systems by 2.0% in the second quarter. Altshuler Shaham Ltd now owns 912,307 shares of the aerospace company's stock valued at $161,177,000 after purchasing an additional 18,014 shares during the period. Y.D. More Investments Ltd raised its holdings in Elbit Systems by 32,724.6% in the second quarter. Y.D. More Investments Ltd now owns 403,742 shares of the aerospace company's stock valued at $71,329,000 after acquiring an additional 402,512 shares in the last quarter. Meitav Investment House Ltd. raised its holdings in Elbit Systems by 41.3% in the third quarter. Meitav Investment House Ltd. now owns 336,836 shares of the aerospace company's stock valued at $67,264,000 after acquiring an additional 98,440 shares in the last quarter. Swiss National Bank raised its holdings in Elbit Systems by 0.5% in the third quarter. Swiss National Bank now owns 79,626 shares of the aerospace company's stock valued at $15,896,000 after acquiring an additional 368 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Elbit Systems by 1.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 53,971 shares of the aerospace company's stock valued at $10,799,000 after acquiring an additional 593 shares in the last quarter. 17.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Elbit Systems Price Performance

ESLT traded up $5.11 on Tuesday, reaching $249.99. The company had a trading volume of 36,419 shares, compared to its average volume of 29,994. The company has a fifty day moving average of $222.65 and a 200-day moving average of $201.65. The company has a market capitalization of $11.11 billion, a P/E ratio of 42.73 and a beta of 0.52. 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 one year low of $175.30 and a one year high of $255.02.

Elbit Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Monday, December 23rd will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.80%. This is a boost from Elbit Systems's previous quarterly dividend of $0.42. The ex-dividend date is Monday, December 23rd. Elbit Systems's dividend payout ratio (DPR) is presently 28.38%.

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.