Eagle Global Advisors LLC Decreases Position in Elbit Systems Ltd. (NASDAQ:ESLT)

Eagle Global Advisors LLC lessened its stake in Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 5.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 17,101 shares of the aerospace company's stock after selling 1,000 shares during the quarter. Eagle Global Advisors LLC's holdings in Elbit Systems were worth $4,413,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. lifted its holdings in shares of Elbit Systems by 7.3% during the 4th quarter. Blue Trust Inc. now owns 987 shares of the aerospace company's stock valued at $255,000 after acquiring an additional 67 shares in the last quarter. Prestige Wealth Management Group LLC grew its position in Elbit Systems by 150.0% in the 4th quarter. Prestige Wealth Management Group LLC now owns 125 shares of the aerospace company's stock worth $32,000 after purchasing an additional 75 shares during the last quarter. Hurley Capital LLC acquired a new position in shares of Elbit Systems during the fourth quarter valued at approximately $26,000. Smartleaf Asset Management LLC boosted its holdings in Elbit Systems by 196.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 160 shares of the aerospace company's stock worth $41,000 after buying an additional 106 shares in the last quarter. Finally, Signaturefd LLC raised its stake in Elbit Systems by 10.2% during the 4th quarter. Signaturefd LLC now owns 1,239 shares of the aerospace company's stock valued at $320,000 after purchasing an additional 115 shares during the period. 17.88% of the stock is owned by hedge funds and other institutional investors.

Elbit Systems Trading Down 9.7%

Elbit Systems stock traded down $40.44 during trading hours on Monday, reaching $378.44. 143,267 shares of the company's stock traded hands, compared to its average volume of 44,036. The firm's 50 day moving average is $388.15 and its 200-day moving average is $311.34. 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 market capitalization of $16.82 billion, a price-to-earnings ratio of 64.72 and a beta of 0.31. Elbit Systems Ltd. has a fifty-two week low of $175.30 and a fifty-two week high of $426.40.

Elbit Systems (NASDAQ:ESLT - Get Free Report) last announced its quarterly earnings results on Tuesday, March 18th. The aerospace company reported $2.66 EPS for the quarter, beating analysts' consensus estimates of $1.95 by $0.71. The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.78 billion. Elbit Systems had a net margin of 4.00% and a return on equity of 11.34%. On average, analysts predict that Elbit Systems Ltd. will post 8.05 earnings per share for the current year.

Elbit Systems Increases Dividend

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

Wall Street Analyst Weigh In

Separately, StockNews.com cut Elbit Systems from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th.

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.