Quantinno Capital Management LP Boosts Stock Position in Elbit Systems Ltd. (NASDAQ:ESLT)

Quantinno Capital Management LP lifted its stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 20.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,105 shares of the aerospace company's stock after purchasing an additional 1,749 shares during the quarter. Quantinno Capital Management LP's holdings in Elbit Systems were worth $2,629,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hurley Capital LLC purchased a new position in shares of Elbit Systems during the 4th quarter valued at $26,000. Prestige Wealth Management Group LLC grew 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 buying an additional 75 shares in the last quarter. Sierra Ocean LLC bought a new position in Elbit Systems in the 4th quarter worth about $41,000. Smartleaf Asset Management LLC raised its holdings in shares of Elbit Systems by 196.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 160 shares of the aerospace company's stock valued at $41,000 after acquiring an additional 106 shares in the last quarter. Finally, Tower Research Capital LLC TRC bought a new stake in shares of Elbit Systems during the 4th quarter valued at about $73,000. 17.88% of the stock is currently owned by institutional investors.

Elbit Systems Trading Up 0.6%

Shares of NASDAQ:ESLT traded up $2.40 on Monday, reaching $378.93. 278,305 shares of the company traded hands, compared to its average volume of 49,898. Elbit Systems Ltd. has a 52 week low of $175.30 and a 52 week high of $426.40. The company has a current ratio of 1.15, a quick ratio of 0.64 and a debt-to-equity ratio of 0.10. The business's 50-day simple moving average is $393.45 and its 200 day simple moving average is $322.61. The stock has a market capitalization of $16.84 billion, a P/E ratio of 64.77 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 (EPS) for the quarter, topping analysts' consensus estimates of $2.30 by $0.27. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.69 billion. Elbit Systems had a net margin of 4.00% and a return on equity of 11.34%. During the same quarter last year, the firm earned $1.81 EPS. As a group, equities analysts anticipate that Elbit Systems Ltd. will post 8.05 EPS for the current fiscal year.

Elbit Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Tuesday, June 24th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend is Tuesday, June 24th. Elbit Systems's dividend payout ratio (DPR) is presently 25.25%.

Analyst Ratings Changes

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

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.