Meitav Investment House Ltd. increased its holdings in shares of Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 41.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 336,836 shares of the aerospace company's stock after purchasing an additional 98,440 shares during the period. Elbit Systems makes up 1.1% of Meitav Investment House Ltd.'s holdings, making the stock its 26th biggest position. Meitav Investment House Ltd. owned approximately 0.76% of Elbit Systems worth $67,264,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. First Trust Direct Indexing L.P. grew its position in Elbit Systems by 2.5% during the third quarter. First Trust Direct Indexing L.P. now owns 2,987 shares of the aerospace company's stock valued at $598,000 after buying an additional 72 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Elbit Systems by 1.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 53,971 shares of the aerospace company's stock worth $10,799,000 after acquiring an additional 593 shares during the last quarter. Spectrum Asset Management Inc. NB CA acquired a new position in Elbit Systems during the third quarter worth about $762,000. Signaturefd LLC boosted its position in Elbit Systems by 24.9% during the third quarter. Signaturefd LLC now owns 1,124 shares of the aerospace company's stock worth $225,000 after acquiring an additional 224 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its position in Elbit Systems by 8.8% during the third quarter. Sequoia Financial Advisors LLC now owns 1,421 shares of the aerospace company's stock worth $284,000 after acquiring an additional 115 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 research note on Friday, August 16th.
Check Out Our Latest Stock Report on Elbit Systems
Elbit Systems Trading Down 0.1 %
ESLT stock traded down $0.14 during trading on Thursday, reaching $228.10. 31,721 shares of the stock were exchanged, compared to its average volume of 23,519. The company has a current ratio of 1.13, a quick ratio of 0.63 and a debt-to-equity ratio of 0.10. The business has a 50 day moving average price of $203.41 and a 200-day moving average price of $195.34. Elbit Systems Ltd. has a 1 year low of $175.30 and a 1 year high of $231.26. The firm has a market capitalization of $10.14 billion, a price-to-earnings ratio of 41.97 and a beta of 0.53.
Elbit Systems (NASDAQ:ESLT - Get Free Report) last issued its earnings results on Wednesday, August 14th. The aerospace company reported $2.08 EPS for the quarter, topping analysts' consensus estimates of $1.77 by $0.31. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.57 billion. Elbit Systems had a net margin of 3.85% and a return on equity of 10.70%. During the same period in the previous year, the firm earned $1.57 earnings per share. On average, research analysts predict that Elbit Systems Ltd. will post 7.8 earnings per share for the current year.
Elbit Systems Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Tuesday, October 15th were paid a $0.416 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date was Tuesday, October 15th. Elbit Systems's dividend payout ratio (DPR) is 30.51%.
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.
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