Public Employees Retirement System of Ohio Makes New Investment in Elbit Systems Ltd. (NASDAQ:ESLT)

Public Employees Retirement System of Ohio purchased a new stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,869 shares of the aerospace company's stock, valued at approximately $771,000.

Several other institutional investors and hedge funds have also bought and sold shares of ESLT. Blue Trust Inc. raised its holdings in Elbit Systems by 368.6% in the 2nd quarter. Blue Trust Inc. now owns 164 shares of the aerospace company's stock worth $29,000 after purchasing an additional 129 shares in the last quarter. Coastline Trust Co bought a new stake in Elbit Systems during the 3rd quarter valued at approximately $34,000. Point72 DIFC Ltd purchased a new position in shares of Elbit Systems during the 2nd quarter worth approximately $35,000. Morse Asset Management Inc purchased a new position in shares of Elbit Systems in the 3rd quarter valued at approximately $40,000. Finally, Avior Wealth Management LLC grew its stake in Elbit Systems by 49.1% in the third quarter. Avior Wealth Management LLC now owns 480 shares of the aerospace company's stock worth $96,000 after purchasing an additional 158 shares during the period. Hedge funds and other institutional investors own 17.88% of the company's stock.

Analysts Set New Price Targets

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

Elbit Systems Stock Down 0.6 %

Shares of NASDAQ ESLT traded down $1.53 on Friday, reaching $257.78. 270,896 shares of the company's stock traded hands, compared to its average volume of 25,846. 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 simple moving average is $236.04 and its two-hundred day simple moving average is $206.68. Elbit Systems Ltd. has a 12 month low of $175.30 and a 12 month high of $266.35. The company has a market cap of $11.46 billion, a price-to-earnings ratio of 44.07 and a beta of 0.52.

Elbit Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Monday, December 23rd will be paid a $0.50 dividend. This is a boost from Elbit Systems's previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 0.78%. Elbit Systems's payout ratio 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.