Altshuler Shaham Ltd Has $217.72 Million Stock Holdings in Elbit Systems Ltd. (NASDAQ:ESLT)

Altshuler Shaham Ltd decreased its holdings in shares of Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 2.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 833,167 shares of the aerospace company's stock after selling 21,023 shares during the period. Elbit Systems accounts for about 7.3% of Altshuler Shaham Ltd's holdings, making the stock its 5th largest holding. Altshuler Shaham Ltd owned about 1.87% of Elbit Systems worth $217,715,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Arrowstreet Capital Limited Partnership grew its position in shares of Elbit Systems by 177.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 227,102 shares of the aerospace company's stock worth $59,207,000 after buying an additional 145,324 shares during the period. Y.D. More Investments Ltd raised its stake in Elbit Systems by 10.1% during the fourth quarter. Y.D. More Investments Ltd now owns 449,747 shares of the aerospace company's stock valued at $117,520,000 after buying an additional 41,401 shares during the last quarter. Invesco Ltd. grew its stake in shares of Elbit Systems by 13.1% in the fourth quarter. Invesco Ltd. now owns 338,256 shares of the aerospace company's stock worth $87,294,000 after acquiring an additional 39,095 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Elbit Systems by 12.2% in the 3rd 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 during the last quarter. Finally, FIL Ltd bought a new position in shares of Elbit Systems in the fourth quarter worth approximately $4,616,000. Hedge funds and other institutional investors own 17.88% of the company's stock.

Elbit Systems Stock Performance

Shares of NASDAQ ESLT traded down $5.46 during midday trading on Tuesday, hitting $379.04. 53,083 shares of the company's stock traded hands, compared to its average volume of 38,854. 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 stock has a market capitalization of $16.85 billion, a price-to-earnings ratio of 64.83 and a beta of 0.32. The firm has a fifty day moving average of $362.68 and a 200 day moving average of $293.03. Elbit Systems Ltd. has a 1 year low of $175.30 and a 1 year high of $420.00.

Elbit Systems (NASDAQ:ESLT - Get Free Report) last posted 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. Elbit Systems had a net margin of 4.00% and a return on equity of 11.34%. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.78 billion. On average, analysts forecast that Elbit Systems Ltd. will post 8.05 earnings per share for the current year.

Elbit Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Tuesday, April 22nd will be issued a $0.60 dividend. This is an increase from Elbit Systems's previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a dividend yield of 0.63%. The ex-dividend date is Tuesday, April 22nd. Elbit Systems's payout ratio is presently 27.72%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Elbit Systems from a "strong-buy" rating to a "buy" rating in a research note 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.