Henry James International Management Inc. Has $4.07 Million Holdings in Elbit Systems Ltd. (NASDAQ:ESLT)

Henry James International Management Inc. lowered its position in Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 10.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,335 shares of the aerospace company's stock after selling 2,363 shares during the quarter. Elbit Systems accounts for 1.4% of Henry James International Management Inc.'s investment portfolio, making the stock its 24th biggest position. Henry James International Management Inc.'s holdings in Elbit Systems were worth $4,069,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mackenzie Financial Corp lifted its holdings in Elbit Systems by 4.0% in the 2nd quarter. Mackenzie Financial Corp now owns 1,452 shares of the aerospace company's stock worth $253,000 after buying an additional 56 shares in the last quarter. First Trust Direct Indexing L.P. grew its holdings in Elbit Systems by 2.5% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 2,987 shares of the aerospace company's stock worth $598,000 after acquiring an additional 72 shares in the last quarter. TD Asset Management Inc grew its position in shares of Elbit Systems by 0.8% in the 2nd quarter. TD Asset Management Inc now owns 8,839 shares of the aerospace company's stock worth $1,545,000 after acquiring an additional 73 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Elbit Systems by 56.8% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 232 shares of the aerospace company's stock worth $49,000 after purchasing an additional 84 shares during the period. Finally, Sequoia Financial Advisors LLC raised its holdings in shares of Elbit Systems by 8.8% during the first quarter. Sequoia Financial Advisors LLC now owns 1,284 shares of the aerospace company's stock worth $270,000 after purchasing an additional 104 shares during the period. 17.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Elbit Systems from a "buy" rating to a "strong-buy" rating in a research report on Friday, August 16th.

Elbit Systems Stock Performance

ESLT stock traded down $0.16 during trading on Monday, reaching $228.55. 16,122 shares of the company's stock were exchanged, compared to its average volume of 23,431. Elbit Systems Ltd. has a 1-year low of $175.30 and a 1-year high of $231.26. The company's fifty day moving average price is $204.61 and its 200-day moving average price is $195.70. The company has a quick ratio of 0.63, a current ratio of 1.13 and a debt-to-equity ratio of 0.10. The firm has a market cap of $10.16 billion, a PE ratio of 42.01 and a beta of 0.51.

Elbit Systems (NASDAQ:ESLT - Get Free Report) last issued its quarterly earnings results on Wednesday, August 14th. The aerospace company reported $2.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.77 by $0.31. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.57 billion. Elbit Systems had a return on equity of 10.70% and a net margin of 3.85%. During the same period last year, the company posted $1.57 EPS. On average, research analysts expect that Elbit Systems Ltd. will post 7.8 EPS for the current fiscal year.

Elbit Systems Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Tuesday, October 15th were given a $0.416 dividend. The ex-dividend date was Tuesday, October 15th. This represents a $1.66 annualized dividend and a dividend yield of 0.73%. Elbit Systems's dividend payout ratio (DPR) is presently 30.51%.

Elbit Systems 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.