Elbit Systems Ltd. (NASDAQ:ESLT) Shares Purchased by Deutsche Bank AG

Key Points

• Deutsche Bank AG increased its stake in Elbit Systems by 61.2%, owning 117,083 shares valued at approximately $44.9 million as of the last quarter.
• Elbit Systems reported a quarterly earnings per share of $2.57, surpassing analysts' expectations of $2.30, with total revenue of $1.90 billion.
• The company recently declared a quarterly dividend of $0.60 per share, resulting in an annualized yield of 0.5% and a payout ratio of 25.38%.

Deutsche Bank AG lifted its stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 61.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 117,083 shares of the aerospace company's stock after acquiring an additional 44,459 shares during the period. Deutsche Bank AG owned 0.26% of Elbit Systems worth $44,922,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of ESLT. Vanguard Group Inc. increased its stake in shares of Elbit Systems by 1.8% during the first quarter. Vanguard Group Inc. now owns 889,904 shares of the aerospace company's stock worth $341,276,000 after buying an additional 15,552 shares during the period. Nuveen Asset Management LLC boosted its holdings in Elbit Systems by 4.2% in the fourth quarter. Nuveen Asset Management LLC now owns 71,799 shares of the aerospace company's stock valued at $18,779,000 after purchasing an additional 2,892 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Elbit Systems by 26.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,474 shares of the aerospace company's stock valued at $16,340,000 after purchasing an additional 12,891 shares in the last quarter. Voya Investment Management LLC boosted its holdings in Elbit Systems by 52.7% in the fourth quarter. Voya Investment Management LLC now owns 42,319 shares of the aerospace company's stock valued at $11,069,000 after purchasing an additional 14,612 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Elbit Systems by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 38,786 shares of the aerospace company's stock valued at $10,010,000 after purchasing an additional 360 shares in the last quarter. Hedge funds and other institutional investors own 17.88% of the company's stock.

Elbit Systems Stock Performance

Shares of ESLT stock traded up $4.23 during trading hours on Friday, hitting $464.00. The stock had a trading volume of 81,571 shares, compared to its average volume of 105,540. The firm has a market capitalization of $20.62 billion, a PE ratio of 52.67, a PEG ratio of 1.80 and a beta of 0.33. Elbit Systems Ltd. has a twelve month low of $188.53 and a twelve month high of $494.32. The stock's 50 day moving average is $445.63 and its 200 day moving average is $394.20. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.21 and a quick ratio of 0.70.

Elbit Systems (NASDAQ:ESLT - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The aerospace company reported $3.23 earnings per share for the quarter, beating the consensus estimate of $2.57 by $0.66. The business had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.89 billion. Elbit Systems had a return on equity of 15.10% and a net margin of 5.35%. During the same period in the prior year, the company earned $2.08 earnings per share. As a group, research analysts forecast that Elbit Systems Ltd. will post 8.05 earnings per share for the current fiscal year.

Elbit Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Tuesday, October 14th will be issued a dividend of $0.75 per share. This is a boost from Elbit Systems's previous quarterly dividend of $0.60. This represents a $3.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, October 14th. Elbit Systems's dividend payout ratio is 25.38%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Bank of America began coverage on Elbit Systems in a report on Thursday, July 24th. They issued a "buy" rating and a $500.00 price target for the company. Wall Street Zen downgraded Elbit Systems from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th.

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.