Point72 Asset Management L.P. Acquires 2,100 Shares of Elbit Systems Ltd. (NASDAQ:ESLT)

Point72 Asset Management L.P. lifted its holdings in shares of Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 44.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,800 shares of the aerospace company's stock after purchasing an additional 2,100 shares during the quarter. Point72 Asset Management L.P.'s holdings in Elbit Systems were worth $1,361,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mackenzie Financial Corp lifted its holdings in shares of Elbit Systems by 4.0% during the 2nd quarter. Mackenzie Financial Corp now owns 1,452 shares of the aerospace company's stock worth $253,000 after acquiring an additional 56 shares during the period. First Trust Direct Indexing L.P. raised 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 purchasing an additional 72 shares in the last quarter. TD Asset Management Inc lifted its stake in Elbit Systems by 0.8% during the second quarter. TD Asset Management Inc now owns 8,839 shares of the aerospace company's stock worth $1,545,000 after purchasing an additional 73 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Elbit Systems by 0.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 12,402 shares of the aerospace company's stock valued at $2,482,000 after purchasing an additional 92 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in shares of Elbit Systems by 8.8% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,421 shares of the aerospace company's stock valued at $284,000 after purchasing an additional 115 shares during the last quarter. 17.88% of the stock is currently owned by institutional investors and hedge funds.

Elbit Systems Price Performance

Shares of ESLT stock traded up $3.57 on Wednesday, reaching $251.39. The company had a trading volume of 38,961 shares, compared to its average volume of 24,360. The stock has a market capitalization of $11.18 billion, a PE ratio of 42.97 and a beta of 0.52. The company has a quick ratio of 0.64, a current ratio of 1.15 and a debt-to-equity ratio of 0.10. The business's 50-day moving average is $229.83 and its 200 day moving average is $204.09. Elbit Systems Ltd. has a one year low of $175.30 and a one year high of $255.02.

Elbit Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Monday, December 23rd will be issued a dividend of $0.50 per share. The ex-dividend date is Monday, December 23rd. This is an increase from Elbit Systems's previous quarterly dividend of $0.42. This represents a $2.00 annualized dividend and a dividend yield of 0.80%. Elbit Systems's dividend payout ratio is 28.38%.

Analysts Set New Price Targets

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

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.