PDT Partners LLC boosted its stake in Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 31.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,504 shares of the aerospace company's stock after acquiring an additional 1,795 shares during the period. PDT Partners LLC's holdings in Elbit Systems were worth $1,937,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ESLT. Northern Trust Corp increased its holdings in shares of Elbit Systems by 301.1% in the fourth quarter. Northern Trust Corp now owns 7,798 shares of the aerospace company's stock valued at $2,012,000 after purchasing an additional 5,854 shares during the period. The Manufacturers Life Insurance Company increased its stake in Elbit Systems by 1.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 11,349 shares of the aerospace company's stock valued at $2,961,000 after buying an additional 163 shares during the period. Voya Investment Management LLC raised its position in Elbit Systems by 52.7% during the 4th quarter. Voya Investment Management LLC now owns 42,319 shares of the aerospace company's stock worth $11,069,000 after buying an additional 14,612 shares during the last quarter. Hsbc Holdings PLC lifted its stake in shares of Elbit Systems by 13.9% in the 4th quarter. Hsbc Holdings PLC now owns 7,956 shares of the aerospace company's stock worth $2,080,000 after acquiring an additional 972 shares during the period. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of Elbit Systems in the fourth quarter valued at about $73,000. 17.88% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, StockNews.com cut shares of Elbit Systems from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th.
Get Our Latest Report on Elbit Systems
Elbit Systems Trading Up 0.6 %
Shares of ESLT stock opened at $388.31 on Wednesday. The business's fifty day moving average price is $372.60 and its 200 day moving average price is $299.66. The firm has a market capitalization of $17.26 billion, a PE ratio of 66.38 and a beta of 0.32. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.15 and a quick ratio of 0.64. 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 issued its earnings results 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 company 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%. As a group, sell-side analysts forecast that Elbit Systems Ltd. will post 8.05 EPS for the current fiscal year.
Elbit Systems Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Tuesday, April 22nd will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 0.62%. This is an increase from Elbit Systems's previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, April 22nd. Elbit Systems's payout ratio is presently 27.72%.
Elbit Systems Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding ESLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Elbit Systems Ltd. (NASDAQ:ESLT - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Elbit Systems, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Elbit Systems wasn't on the list.
While Elbit Systems currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
