Virtu Financial LLC Takes $592,000 Position in Elbit Systems Ltd. (NASDAQ:ESLT)

Virtu Financial LLC purchased a new position in Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,294 shares of the aerospace company's stock, valued at approximately $592,000.

Other institutional investors have also made changes to their positions in the company. Blue Trust Inc. increased its holdings in shares of Elbit Systems by 7.3% in the fourth quarter. Blue Trust Inc. now owns 987 shares of the aerospace company's stock worth $255,000 after acquiring an additional 67 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Elbit Systems by 196.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 160 shares of the aerospace company's stock worth $41,000 after purchasing an additional 106 shares during the last quarter. Signaturefd LLC lifted its stake in Elbit Systems by 10.2% in the fourth quarter. Signaturefd LLC now owns 1,239 shares of the aerospace company's stock valued at $320,000 after acquiring an additional 115 shares during the last quarter. State Street Corp lifted its stake in Elbit Systems by 3.1% in the 3rd quarter. State Street Corp now owns 4,534 shares of the aerospace company's stock valued at $907,000 after purchasing an additional 136 shares during the last quarter. Finally, Sierra Ocean LLC bought a new position in shares of Elbit Systems during the 4th quarter worth approximately $41,000. 17.88% of the stock is owned by institutional investors and hedge funds.

Elbit Systems Stock Performance

NASDAQ ESLT traded down $4.60 during trading on Friday, reaching $387.86. The company's stock had a trading volume of 94,669 shares, compared to its average volume of 35,028. The firm has a 50 day moving average price of $331.21 and a 200 day moving average price of $268.63. Elbit Systems Ltd. has a 12 month low of $175.30 and a 12 month high of $420.00. The firm has a market capitalization of $17.24 billion, a price-to-earnings ratio of 66.30 and a beta of 0.53. The company has a current ratio of 1.15, a quick ratio of 0.64 and a debt-to-equity ratio of 0.10.

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Elbit Systems (NASDAQ:ESLT - Get Free Report) last posted its quarterly earnings data on Tuesday, March 18th. The aerospace company reported $2.66 EPS for the quarter, topping analysts' consensus estimates of $1.95 by $0.71. The firm 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%. As a group, equities analysts anticipate that Elbit Systems Ltd. will post 8.05 EPS for the current fiscal year.

Elbit Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Tuesday, April 22nd will be issued a $0.60 dividend. This is a positive change from Elbit Systems's previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a yield of 0.62%. The ex-dividend date is Tuesday, April 22nd. Elbit Systems's dividend payout ratio (DPR) is currently 27.72%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Elbit Systems from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th.

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.