Stifel Financial Corp grew its holdings in Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 50.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,531 shares of the aerospace company's stock after acquiring an additional 3,524 shares during the quarter. Stifel Financial Corp's holdings in Elbit Systems were worth $2,107,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of ESLT. Blue Trust Inc. increased its stake in Elbit Systems by 368.6% during the second quarter. Blue Trust Inc. now owns 164 shares of the aerospace company's stock valued at $29,000 after acquiring an additional 129 shares during the period. Coastline Trust Co bought a new stake in shares of Elbit Systems during the third quarter valued at approximately $34,000. Point72 DIFC Ltd acquired a new position in shares of Elbit Systems in the second quarter valued at $35,000. Morse Asset Management Inc bought a new position in Elbit Systems in the third quarter worth $40,000. Finally, Avior Wealth Management LLC boosted its stake in Elbit Systems by 49.1% during the third quarter. Avior Wealth Management LLC now owns 480 shares of the aerospace company's stock worth $96,000 after buying an additional 158 shares in the last quarter. Institutional investors and hedge funds own 17.88% of the company's stock.
Elbit Systems Price Performance
ESLT traded down $1.53 during midday trading on Friday, reaching $257.78. 270,896 shares of the company's stock were exchanged, compared to its average volume of 25,846. Elbit Systems Ltd. has a one year low of $175.30 and a one year high of $266.35. The firm has a market capitalization of $11.46 billion, a price-to-earnings ratio of 44.07 and a beta of 0.52. The business has a 50-day simple moving average of $236.04 and a two-hundred day simple moving average of $206.68. The company has a quick ratio of 0.64, a current ratio of 1.15 and a debt-to-equity ratio of 0.10.
Elbit Systems Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Monday, December 23rd will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Monday, December 23rd. This is an increase from Elbit Systems's previous quarterly dividend of $0.42. Elbit Systems's dividend payout ratio (DPR) is 28.38%.
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of Elbit Systems from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, November 20th.
Get Our Latest Research Report 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.
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