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

Signaturefd LLC lifted its holdings in Elbit Systems Ltd. (NASDAQ:ESLT) by 10.2% in the 4th quarter, Holdings Channel reports. The firm owned 1,239 shares of the aerospace company’s stock after acquiring an additional 115 shares during the period. Signaturefd LLC’s holdings in Elbit Systems were worth $320,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ESLT. BNP Paribas Financial Markets raised its position in Elbit Systems by 99.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,390 shares of the aerospace company’s stock worth $678,000 after buying an additional 1,690 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Elbit Systems by 12.2% during the third quarter. JPMorgan Chase & Co. now owns 170,703 shares of the aerospace company’s stock valued at $34,158,000 after purchasing an additional 18,614 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of Elbit Systems by 50.3% during the third quarter. Stifel Financial Corp now owns 10,531 shares of the aerospace company’s stock valued at $2,107,000 after purchasing an additional 3,524 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Elbit Systems by 5.3% during the fourth quarter. Bank of New York Mellon Corp now owns 45,789 shares of the aerospace company’s stock valued at $11,817,000 after purchasing an additional 2,317 shares during the period. Finally, Systematic Financial Management LP boosted its holdings in Elbit Systems by 12.1% in the third quarter. Systematic Financial Management LP now owns 74,322 shares of the aerospace company’s stock worth $14,872,000 after purchasing an additional 8,000 shares during the last quarter. 17.88% of the stock is owned by institutional investors.

Elbit Systems Stock Down 0.5 %

ESLT stock opened at $410.83 on Friday. The company has a market cap of $18.26 billion, a price-to-earnings ratio of 70.23 and a beta of 0.53. 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 business’s 50-day moving average is $321.05 and its two-hundred day moving average is $261.38. Elbit Systems Ltd. has a fifty-two week low of $175.30 and a fifty-two week high of $420.00.

Elbit Systems (NASDAQ:ESLT) last issued its quarterly earnings data on Tuesday, March 18th. The aerospace company reported $2.66 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.71. The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Elbit Systems had a net margin of 4.00% and a return on equity of 11.34%. As a group, analysts forecast that Elbit Systems Ltd. will post 8.05 earnings per share for the current year.

Elbit Systems Increases Dividend

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

Analyst Ratings Changes

Separately, StockNews.com cut Elbit Systems from a “strong-buy” rating to a “buy” rating in a 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.