Two Sigma Advisers LP Cuts Stake in Elbit Systems Ltd. (NASDAQ:ESLT)

Two Sigma Advisers LP cut its position in shares of Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 32.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,160 shares of the aerospace company's stock after selling 2,000 shares during the quarter. Two Sigma Advisers LP's holdings in Elbit Systems were worth $1,074,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ESLT. Vanguard Group Inc. grew its stake in Elbit Systems by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 874,352 shares of the aerospace company's stock valued at $229,268,000 after buying an additional 10,215 shares during the last quarter. Y.D. More Investments Ltd raised its position in Elbit Systems by 10.1% in the 4th 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 last quarter. Invesco Ltd. lifted its position in Elbit Systems by 13.1% during the 4th quarter. Invesco Ltd. now owns 338,256 shares of the aerospace company's stock valued at $87,294,000 after purchasing an additional 39,095 shares during the period. Arrowstreet Capital Limited Partnership grew its stake 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. Finally, Nuveen Asset Management LLC increased its stake 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. 17.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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 Price Performance

NASDAQ ESLT traded up $7.91 during midday trading on Wednesday, hitting $429.74. The company had a trading volume of 119,771 shares, compared to its average volume of 53,851. The company has a current ratio of 1.15, a quick ratio of 0.64 and a debt-to-equity ratio of 0.10. Elbit Systems Ltd. has a twelve month low of $175.30 and a twelve month high of $431.46. The company has a market capitalization of $19.10 billion, a PE ratio of 73.46 and a beta of 0.31. The firm has a 50-day moving average price of $394.06 and a 200-day moving average price of $330.71.

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

Elbit Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Tuesday, June 24th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 0.56%. The ex-dividend date is Tuesday, June 24th. Elbit Systems's payout ratio is 25.25%.

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.