2,012 Shares in Elbit Systems Ltd. (NASDAQ:ESLT) Acquired by Virtu Financial LLC

Virtu Financial LLC purchased a new position in Elbit Systems Ltd. (NASDAQ:ESLT) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,012 shares of the aerospace company’s stock, valued at approximately $423,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ESLT. International Assets Investment Management LLC bought a new position in Elbit Systems in the 4th quarter worth approximately $90,950,000. Sequoia Financial Advisors LLC boosted its stake in Elbit Systems by 11.1% in the 4th quarter. Sequoia Financial Advisors LLC now owns 1,180 shares of the aerospace company’s stock worth $252,000 after purchasing an additional 118 shares during the period. Cerity Partners LLC boosted its stake in Elbit Systems by 9.4% in the 4th quarter. Cerity Partners LLC now owns 3,003 shares of the aerospace company’s stock worth $640,000 after purchasing an additional 258 shares during the period. Meitav Investment House Ltd. boosted its stake in Elbit Systems by 4.7% in the 4th quarter. Meitav Investment House Ltd. now owns 224,549 shares of the aerospace company’s stock worth $48,092,000 after purchasing an additional 10,168 shares during the period. Finally, AM Investment Strategies LLC bought a new position in Elbit Systems during the fourth quarter valued at approximately $213,000. 17.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Elbit Systems from a “buy” rating to a “strong-buy” rating in a research note on Wednesday.

Elbit Systems Price Performance

Elbit Systems stock opened at $181.20 on Friday. Elbit Systems Ltd. has a 52-week low of $175.30 and a 52-week high of $225.64. The company has a quick ratio of 0.66, a current ratio of 1.16 and a debt-to-equity ratio of 0.12. The firm’s fifty day moving average is $185.02 and its 200 day moving average is $198.13. The company has a market cap of $8.05 billion, a price-to-earnings ratio of 35.67 and a beta of 0.53.

Elbit Systems (NASDAQ:ESLT) last announced its earnings results on Tuesday, May 28th. The aerospace company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.21. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Elbit Systems had a net margin of 3.70% and a return on equity of 10.14%. During the same period in the prior year, the company earned $1.70 EPS. Sell-side analysts forecast that Elbit Systems Ltd. will post 7.45 EPS for the current fiscal year.

Elbit Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Tuesday, June 18th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend was Tuesday, June 18th. Elbit Systems’s payout ratio is 32.68%.

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.