Signaturefd LLC Boosts Holdings in Elbit Systems Ltd. (NASDAQ:ESLT)

Signaturefd LLC lifted its stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 10.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,239 shares of the aerospace company’s stock after buying an additional 115 shares during the quarter. Signaturefd LLC’s holdings in Elbit Systems were worth $320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Y.D. More Investments Ltd grew its holdings in shares of Elbit Systems by 10.1% during the 4th quarter. Y.D. More Investments Ltd now owns 449,747 shares of the aerospace company’s stock worth $117,520,000 after acquiring an additional 41,401 shares during the period. Heard Capital LLC grew its stake in Elbit Systems by 4.8% in the third quarter. Heard Capital LLC now owns 218,392 shares of the aerospace company’s stock worth $43,700,000 after purchasing an additional 10,070 shares during the period. JPMorgan Chase & Co. raised its holdings in Elbit Systems by 12.2% in the third quarter. JPMorgan Chase & Co. now owns 170,703 shares of the aerospace company’s stock worth $34,158,000 after purchasing an additional 18,614 shares in the last quarter. Swiss National Bank lifted its position in Elbit Systems by 0.5% during the third quarter. Swiss National Bank now owns 79,626 shares of the aerospace company’s stock valued at $15,896,000 after buying an additional 368 shares during the period. Finally, Systematic Financial Management LP boosted its holdings 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 buying an additional 8,000 shares in the last quarter. 17.88% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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 Price Performance

ESLT stock opened at $410.83 on Friday. 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 firm has a 50 day moving average price of $321.05 and a 200-day moving average price of $261.38. Elbit Systems Ltd. has a 52-week low of $175.30 and a 52-week high of $420.00. The firm has a market capitalization of $18.26 billion, a price-to-earnings ratio of 70.23 and a beta of 0.53.

Elbit Systems (NASDAQ:ESLT) last released its earnings results on Tuesday, March 18th. The aerospace company reported $2.66 EPS for the quarter, topping the consensus estimate of $1.95 by $0.71. Elbit Systems had a return on equity of 11.34% and a net margin of 4.00%. The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.78 billion. Equities research analysts forecast that Elbit Systems Ltd. will post 8.05 EPS for the current fiscal year.

Elbit Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Tuesday, April 22nd will be paid a dividend of $0.60 per share. This is a positive change from Elbit Systems’s previous quarterly dividend of $0.50. This represents a $2.40 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend is Tuesday, April 22nd. Elbit Systems’s dividend payout ratio (DPR) is currently 27.72%.

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.