Mitsubishi UFJ Asset Management Co. Ltd. Has $5.38 Million Position in Elbit Systems Ltd. (NASDAQ:ESLT)

Mitsubishi UFJ Asset Management Co. Ltd. lowered its position in Elbit Systems Ltd. (NASDAQ:ESLT) by 5.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 20,395 shares of the aerospace company’s stock after selling 1,214 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Elbit Systems were worth $5,378,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ESLT. Prestige Wealth Management Group LLC lifted its holdings in shares of Elbit Systems by 150.0% during the 4th quarter. Prestige Wealth Management Group LLC now owns 125 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 75 shares in the last quarter. Morse Asset Management Inc bought a new position in Elbit Systems in the third quarter valued at approximately $40,000. Sierra Ocean LLC bought a new position in Elbit Systems in the fourth quarter valued at approximately $41,000. Smartleaf Asset Management LLC boosted its holdings in shares of Elbit Systems by 196.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 160 shares of the aerospace company’s stock valued at $41,000 after buying an additional 106 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Elbit Systems during the third quarter worth $63,000. 17.88% of the stock is currently owned by institutional investors.

Elbit Systems Stock Down 1.1 %

ESLT stock opened at $383.68 on Tuesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.15 and a quick ratio of 0.64. The stock has a market capitalization of $17.06 billion, a P/E ratio of 65.59 and a beta of 0.53. Elbit Systems Ltd. has a fifty-two week low of $175.30 and a fifty-two week high of $420.00. The business has a 50-day moving average of $332.93 and a 200-day moving average of $270.45.

Elbit Systems (NASDAQ:ESLT) last released its quarterly earnings results on Tuesday, March 18th. The aerospace company reported $2.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.71. The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.78 billion. Elbit Systems had a return on equity of 11.34% and a net margin of 4.00%. On average, sell-side analysts anticipate that Elbit Systems Ltd. will post 8.05 earnings per share for the current fiscal year.

Elbit Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Tuesday, April 22nd will be given a $0.60 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a $2.40 dividend on an annualized basis and a yield of 0.63%. This is an increase from Elbit Systems’s previous quarterly dividend of $0.50. Elbit Systems’s dividend payout ratio (DPR) is 27.72%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Elbit Systems from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th.

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.