BNP Paribas Financial Markets Lowers Stock Position in Elbit Systems Ltd. (NASDAQ:ESLT)

BNP Paribas Financial Markets lowered its stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 96.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 108 shares of the aerospace company's stock after selling 3,282 shares during the quarter. BNP Paribas Financial Markets' holdings in Elbit Systems were worth $28,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Hurley Capital LLC bought a new position in shares of Elbit Systems during the 4th quarter worth $26,000. Prestige Wealth Management Group LLC boosted its position in Elbit Systems by 150.0% during the fourth 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 period. Smartleaf Asset Management LLC increased its stake in shares of Elbit Systems by 196.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 160 shares of the aerospace company's stock worth $41,000 after purchasing an additional 106 shares in the last quarter. Sierra Ocean LLC bought a new stake in shares of Elbit Systems in the fourth quarter valued at approximately $41,000. Finally, Tower Research Capital LLC TRC bought a new stake in shares of Elbit Systems in the fourth quarter valued at approximately $73,000. Institutional investors own 17.88% of the company's stock.

Elbit Systems Price Performance

ESLT traded up $0.32 during trading on Friday, reaching $420.22. 61,719 shares of the company were exchanged, compared to its average volume of 54,232. Elbit Systems Ltd. has a 12-month low of $175.30 and a 12-month high of $432.92. The company's 50-day moving average is $394.78 and its two-hundred day moving average is $331.98. The company has a quick ratio of 0.64, a current ratio of 1.15 and a debt-to-equity ratio of 0.10. The company has a market cap of $18.68 billion, a price-to-earnings ratio of 71.83 and a beta of 0.31.

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

Elbit Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Tuesday, June 24th will be given a dividend of $0.60 per share. The ex-dividend date is Tuesday, June 24th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.57%. Elbit Systems's dividend payout ratio (DPR) is currently 25.25%.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Elbit Systems from a "strong-buy" rating to a "buy" rating in a 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.