Elbit Systems (NASDAQ:ESLT) Sees Large Volume Increase - Time to Buy?

Elbit Systems Ltd. (NASDAQ:ESLT - Get Free Report) saw an uptick in trading volume on Tuesday . 45,658 shares changed hands during trading, a decline of 9% from the previous session's volume of 49,955 shares.The stock last traded at $383.62 and had previously closed at $378.93.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Elbit Systems from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th.

Elbit Systems Trading Up 1.5%

The company has a debt-to-equity ratio of 0.10, a current ratio of 1.15 and a quick ratio of 0.64. The firm has a market capitalization of $18.19 billion, a PE ratio of 69.94 and a beta of 0.31. The business's 50-day moving average price is $392.18 and its 200-day moving average price is $326.88.

Elbit Systems (NASDAQ:ESLT - Get Free Report) last announced its earnings results on Tuesday, May 20th. The aerospace company reported $2.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.30 by $0.27. Elbit Systems had a net margin of 4.00% and a return on equity of 11.34%. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same period last year, the firm posted $1.81 earnings per share. As a group, analysts expect that Elbit Systems Ltd. will post 8.05 earnings per share for the current fiscal year.

Elbit Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Tuesday, June 24th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend is Tuesday, June 24th. Elbit Systems's dividend payout ratio is presently 25.25%.

Institutional Investors Weigh In On Elbit Systems

Several hedge funds have recently modified their holdings of ESLT. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Elbit Systems by 177.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 227,102 shares of the aerospace company's stock worth $59,207,000 after purchasing an additional 145,324 shares during the period. Nuveen LLC acquired a new stake in shares of Elbit Systems during the first quarter worth $25,929,000. Deutsche Bank AG lifted its holdings in shares of Elbit Systems by 61.2% during the first quarter. Deutsche Bank AG now owns 117,083 shares of the aerospace company's stock worth $44,922,000 after purchasing an additional 44,459 shares during the period. Y.D. More Investments Ltd lifted its holdings in shares of 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 worth $117,520,000 after purchasing an additional 41,401 shares during the period. Finally, Invesco Ltd. lifted its holdings 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 during the period. 17.88% of the stock is owned by institutional investors and hedge funds.

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.