AM Investment Strategies LLC Invests $200,000 in Elbit Systems Ltd. (NASDAQ:ESLT)

AM Investment Strategies LLC bought a new stake in Elbit Systems Ltd. (NASDAQ:ESLT) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,000 shares of the aerospace company’s stock, valued at approximately $200,000.

Several other hedge funds have also bought and sold shares of ESLT. Russell Investments Group Ltd. raised its position in shares of Elbit Systems by 57.5% during the 1st quarter. Russell Investments Group Ltd. now owns 16,007 shares of the aerospace company’s stock valued at $3,356,000 after buying an additional 5,846 shares in the last quarter. Advisors Asset Management Inc. raised its position in Elbit Systems by 53.7% during the first quarter. Advisors Asset Management Inc. now owns 10,626 shares of the aerospace company’s stock valued at $2,234,000 after purchasing an additional 3,712 shares in the last quarter. Spectrum Asset Management Inc. NB CA bought a new stake in Elbit Systems during the third quarter worth about $762,000. Cetera Advisors LLC purchased a new position in shares of Elbit Systems in the 1st quarter worth about $1,966,000. Finally, Marshall Wace LLP bought a new position in shares of Elbit Systems during the 2nd quarter valued at about $2,181,000. 17.88% of the stock is currently owned by institutional investors.

Elbit Systems Trading Up 0.3 %

Shares of ESLT stock traded up $0.61 on Friday, hitting $228.71. 12,392 shares of the company’s stock traded hands, compared to its average volume of 23,466. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.63 and a current ratio of 1.13. The stock has a market capitalization of $10.17 billion, a price-to-earnings ratio of 42.04 and a beta of 0.53. The company’s fifty day simple moving average is $204.61 and its 200 day simple moving average is $195.75. Elbit Systems Ltd. has a one year low of $175.30 and a one year high of $231.26.

Elbit Systems (NASDAQ:ESLT) last released its quarterly earnings data on Wednesday, August 14th. The aerospace company reported $2.08 EPS for the quarter, topping the consensus estimate of $1.77 by $0.31. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.57 billion. Elbit Systems had a return on equity of 10.70% and a net margin of 3.85%. During the same quarter in the previous year, the business earned $1.57 earnings per share. Equities analysts forecast that Elbit Systems Ltd. will post 7.8 EPS for the current year.

Elbit Systems Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Tuesday, October 15th were given a $0.416 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend was Tuesday, October 15th. Elbit Systems’s payout ratio is 30.51%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Elbit Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th.

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.