Voya Investment Management LLC Has $11.07 Million Stock Holdings in Elbit Systems Ltd. (NASDAQ:ESLT)

Voya Investment Management LLC boosted its stake in Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 52.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,319 shares of the aerospace company's stock after purchasing an additional 14,612 shares during the quarter. Voya Investment Management LLC owned about 0.10% of Elbit Systems worth $11,069,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ESLT. Vanguard Group Inc. raised its position in shares of Elbit Systems by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 874,352 shares of the aerospace company's stock valued at $229,268,000 after acquiring an additional 10,215 shares during the period. Y.D. More Investments Ltd raised its holdings in Elbit Systems by 10.1% in the fourth quarter. Y.D. More Investments Ltd now owns 449,747 shares of the aerospace company's stock worth $117,520,000 after purchasing an additional 41,401 shares during the period. Invesco Ltd. boosted its position in shares of Elbit Systems by 13.1% during the fourth quarter. Invesco Ltd. now owns 338,256 shares of the aerospace company's stock worth $87,294,000 after purchasing an additional 39,095 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings 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 valued at $59,207,000 after buying an additional 145,324 shares during the period. Finally, JPMorgan Chase & Co. increased 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 valued at $34,158,000 after buying an additional 18,614 shares in the last quarter. Institutional investors own 17.88% of the company's stock.

Analyst Ratings Changes

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

Elbit Systems Stock Up 0.6 %

NASDAQ ESLT traded up $2.50 during trading hours on Friday, reaching $406.69. 138,557 shares of the company's stock were exchanged, compared to its average volume of 41,684. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.64 and a current ratio of 1.15. Elbit Systems Ltd. has a one year low of $175.30 and a one year high of $420.00. The company's 50-day moving average is $378.92 and its two-hundred day moving average is $304.32. The company has a market capitalization of $18.08 billion, a price-to-earnings ratio of 69.52 and a beta of 0.32.

Elbit Systems (NASDAQ:ESLT - Get Free Report) last issued its quarterly earnings data on Tuesday, March 18th. The aerospace company reported $2.66 EPS for the quarter, topping 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 forecast that Elbit Systems Ltd. will post 8.05 EPS for the current fiscal year.

Elbit Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Tuesday, April 22nd will be given a dividend of $0.60 per share. This is a boost from Elbit Systems's previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend is Tuesday, April 22nd. Elbit Systems's dividend payout ratio is currently 27.72%.

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.