Orion Portfolio Solutions LLC cut its stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 53.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,523 shares of the aerospace company's stock after selling 2,906 shares during the period. Orion Portfolio Solutions LLC's holdings in Elbit Systems were worth $651,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in ESLT. Prestige Wealth Management Group LLC increased its holdings in Elbit Systems by 150.0% in the 4th quarter. Prestige Wealth Management Group LLC now owns 125 shares of the aerospace company's stock valued at $32,000 after purchasing an additional 75 shares during the last quarter. Morse Asset Management Inc purchased a new position in shares of Elbit Systems during the third quarter worth $40,000. Sierra Ocean LLC acquired a new stake in shares of Elbit Systems in the fourth quarter valued at $41,000. Smartleaf Asset Management LLC raised its holdings in shares of Elbit Systems by 196.3% in the 4th 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 during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in Elbit Systems during the 3rd quarter worth about $63,000. 17.88% of the stock is currently owned by institutional investors and hedge funds.
Elbit Systems Stock Up 2.5 %
ESLT traded up $9.95 during trading hours on Friday, hitting $406.21. 85,863 shares of the company's stock were exchanged, compared to its average volume of 37,872. The firm has a market cap of $18.06 billion, a P/E ratio of 69.44 and a beta of 0.32. Elbit Systems Ltd. has a 12-month low of $175.30 and a 12-month high of $420.00. The company has a current ratio of 1.15, a quick ratio of 0.64 and a debt-to-equity ratio of 0.10. The firm has a 50 day moving average of $350.90 and a 200 day moving average of $283.94.
Elbit Systems (NASDAQ:ESLT - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.78 billion. Elbit Systems had a return on equity of 11.34% and a net margin of 4.00%. Analysts predict that Elbit Systems Ltd. will post 8.05 EPS for the current fiscal year.
Elbit Systems Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Tuesday, April 22nd will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend is Tuesday, April 22nd. This is a boost from Elbit Systems's previous quarterly dividend of $0.50. Elbit Systems's dividend payout ratio (DPR) is presently 27.72%.
Analysts Set New Price Targets
Separately, StockNews.com downgraded Elbit Systems from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th.
View Our Latest Analysis on Elbit Systems
About Elbit Systems
(
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.
Recommended Stories
Before you consider Elbit Systems, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Elbit Systems wasn't on the list.
While Elbit Systems currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
