Elbit Systems Ltd. (NASDAQ:ESLT) Shares Acquired by Point72 Asset Management L.P.

Point72 Asset Management L.P. increased its stake in Elbit Systems Ltd. (NASDAQ:ESLT) by 44.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,800 shares of the aerospace company’s stock after buying an additional 2,100 shares during the quarter. Point72 Asset Management L.P.’s holdings in Elbit Systems were worth $1,361,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Blue Trust Inc. grew its stake in shares of Elbit Systems by 368.6% in the second quarter. Blue Trust Inc. now owns 164 shares of the aerospace company’s stock valued at $29,000 after buying an additional 129 shares in the last quarter. Coastline Trust Co acquired a new stake in Elbit Systems during the 3rd quarter valued at approximately $34,000. Point72 DIFC Ltd acquired a new stake in Elbit Systems during the 2nd quarter valued at approximately $35,000. Morse Asset Management Inc acquired a new stake in Elbit Systems during the 3rd quarter valued at approximately $40,000. Finally, Avior Wealth Management LLC grew its stake in Elbit Systems by 49.1% during 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. Institutional investors and hedge funds own 17.88% of the company’s stock.

Elbit Systems Price Performance

Shares of NASDAQ ESLT opened at $247.82 on Wednesday. Elbit Systems Ltd. has a fifty-two week low of $175.30 and a fifty-two week high of $255.02. The business has a 50 day moving average price of $228.84 and a two-hundred day moving average price of $203.76. The company has a quick ratio of 0.64, a current ratio of 1.15 and a debt-to-equity ratio of 0.10. The firm has a market cap of $11.02 billion, a PE ratio of 42.36 and a beta of 0.52.

Elbit Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Monday, December 23rd will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date is Monday, December 23rd. This is a positive change from Elbit Systems’s previous quarterly dividend of $0.42. Elbit Systems’s dividend payout ratio (DPR) is 28.38%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Elbit Systems from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 20th.

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.