Public Sector Pension Investment Board Acquires 2,556 Shares of Elbit Systems Ltd. (NASDAQ:ESLT)

Public Sector Pension Investment Board grew its position in Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 22.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 13,767 shares of the aerospace company's stock after buying an additional 2,556 shares during the period. Public Sector Pension Investment Board's holdings in Elbit Systems were worth $2,742,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets raised its position in shares of Elbit Systems by 99.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,390 shares of the aerospace company's stock valued at $678,000 after acquiring an additional 1,690 shares during the last quarter. Bank of Montreal Can increased its holdings in Elbit Systems by 1.7% in the third quarter. Bank of Montreal Can now owns 10,351 shares of the aerospace company's stock valued at $2,071,000 after purchasing an additional 169 shares during the last quarter. Cerity Partners LLC lifted its stake in Elbit Systems by 22.5% in the third quarter. Cerity Partners LLC now owns 3,158 shares of the aerospace company's stock valued at $632,000 after buying an additional 579 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Elbit Systems by 57.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,179 shares of the aerospace company's stock worth $436,000 after buying an additional 796 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its position in shares of Elbit Systems by 0.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 12,402 shares of the aerospace company's stock worth $2,482,000 after buying an additional 92 shares during the period. 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 report on Wednesday, November 20th.

Elbit Systems Stock Up 1.2 %

Shares of NASDAQ:ESLT traded up $2.98 during trading on Thursday, hitting $250.50. 43,565 shares of the company's stock traded hands, compared to its average volume of 24,260. 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 company has a 50-day moving average price of $224.84 and a 200-day moving average price of $202.31. Elbit Systems Ltd. has a 52 week low of $175.30 and a 52 week high of $255.02. The company has a market cap of $11.14 billion, a price-to-earnings ratio of 42.82 and a beta of 0.52.

Elbit Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Monday, December 23rd will be given a $0.50 dividend. This is a boost from Elbit Systems's previous quarterly dividend of $0.42. This represents a $2.00 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Monday, December 23rd. Elbit Systems's payout ratio is currently 28.38%.

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.