XTX Topco Ltd Makes New Investment in Elbit Systems Ltd. (NASDAQ:ESLT)

XTX Topco Ltd purchased a new stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,651 shares of the aerospace company's stock, valued at approximately $530,000.

Several other hedge funds have also added to or reduced their stakes in ESLT. Jane Street Group LLC lifted its position in Elbit Systems by 84.6% during the 3rd quarter. Jane Street Group LLC now owns 4,162 shares of the aerospace company's stock valued at $833,000 after purchasing an additional 1,907 shares during the period. State Street Corp boosted its stake in Elbit Systems by 3.1% in the third quarter. State Street Corp now owns 4,534 shares of the aerospace company's stock valued at $907,000 after acquiring an additional 136 shares during the last quarter. Stifel Financial Corp grew its holdings in Elbit Systems by 50.3% during the 3rd quarter. Stifel Financial Corp now owns 10,531 shares of the aerospace company's stock worth $2,107,000 after acquiring an additional 3,524 shares during the period. Systematic Financial Management LP raised its position in shares of Elbit Systems by 12.1% during the 3rd quarter. Systematic Financial Management LP now owns 74,322 shares of the aerospace company's stock valued at $14,872,000 after acquiring an additional 8,000 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new position in shares of Elbit Systems in the 3rd quarter valued at $1,519,000. Institutional investors own 17.88% of the company's stock.

Elbit Systems Trading Down 1.3 %

NASDAQ ESLT traded down $3.29 during trading on Friday, reaching $251.43. 21,954 shares of the stock traded hands, compared to its average volume of 24,358. Elbit Systems Ltd. has a fifty-two week low of $175.30 and a fifty-two week high of $255.02. 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 firm has a market cap of $11.18 billion, a price-to-earnings ratio of 42.98 and a beta of 0.52. The stock's 50-day moving average price is $231.89 and its 200 day moving average price is $204.81.

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 $0.50 dividend. This is a positive change from Elbit Systems's previous quarterly dividend of $0.42. The ex-dividend date is Monday, December 23rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.80%. Elbit Systems's dividend payout ratio is presently 28.38%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Elbit Systems from a "buy" rating to a "strong-buy" rating in a 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.