Y.D. More Investments Ltd Acquires 41,401 Shares of Elbit Systems Ltd. (NASDAQ:ESLT)

Y.D. More Investments Ltd lifted its stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 10.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 449,747 shares of the aerospace company's stock after acquiring an additional 41,401 shares during the quarter. Elbit Systems accounts for about 10.5% of Y.D. More Investments Ltd's portfolio, making the stock its largest position. Y.D. More Investments Ltd owned 1.01% of Elbit Systems worth $117,520,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ESLT. Coastline Trust Co acquired a new stake in Elbit Systems during the 3rd quarter worth $34,000. Morse Asset Management Inc purchased a new position in Elbit Systems during the third quarter worth about $40,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Elbit Systems in the third quarter valued at approximately $63,000. Avior Wealth Management LLC increased its holdings in shares of Elbit Systems by 49.1% in the 3rd quarter. Avior Wealth Management LLC now owns 480 shares of the aerospace company's stock valued at $96,000 after purchasing an additional 158 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in Elbit Systems by 461.0% during the third quarter. Blue Trust Inc. now owns 920 shares of the aerospace company's stock worth $184,000 after purchasing an additional 756 shares in the last quarter. 17.88% of the stock is currently owned by hedge funds and other institutional investors.

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 note on Wednesday, November 20th.

Elbit Systems Trading Down 0.1 %

Shares of ESLT traded down $0.20 during trading hours on Friday, hitting $305.49. The stock had a trading volume of 14,626 shares, compared to its average volume of 37,984. The firm has a market cap of $13.58 billion, a P/E ratio of 52.22 and a beta of 0.53. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.64 and a current ratio of 1.15. The company's fifty day simple moving average is $275.31 and its 200 day simple moving average is $231.69. Elbit Systems Ltd. has a 12-month low of $175.30 and a 12-month high of $313.89.

Elbit Systems Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Monday, December 23rd were given a $0.50 dividend. This is an increase from Elbit Systems's previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $2.00 annualized dividend and a dividend yield of 0.65%. Elbit Systems's dividend payout ratio is presently 28.38%.

About Elbit Systems

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.