Ewa LLC Takes Position in Elbit Systems Ltd. (NASDAQ:ESLT)

Ewa LLC acquired a new stake in Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 575 shares of the aerospace company's stock, valued at approximately $221,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of 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 purchasing an additional 10,215 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Elbit Systems by 13.1% in 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 last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Elbit Systems by 177.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 227,102 shares of the aerospace company's stock valued at $59,207,000 after purchasing an additional 145,324 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in shares of Elbit Systems by 4.2% in the 4th 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 during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Elbit Systems by 26.0% in the 4th 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 during the last quarter. Institutional investors and hedge funds own 17.88% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Elbit Systems from a "buy" rating to a "strong-buy" rating in a research note on Sunday.

Elbit Systems Stock Up 0.0%

ESLT stock opened at $438.47 on Friday. The firm has a market cap of $19.49 billion, a PE ratio of 55.64 and a beta of 0.31. The company has a current ratio of 1.21, a quick ratio of 0.70 and a debt-to-equity ratio of 0.09. Elbit Systems Ltd. has a 1 year low of $175.30 and a 1 year high of $476.04. The company has a fifty day simple moving average of $405.92 and a 200 day simple moving average of $346.81.

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 for the quarter, topping analysts' consensus estimates of $2.30 by $0.27. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.69 billion. Elbit Systems had a net margin of 4.95% and a return on equity of 13.49%. During the same quarter in the previous year, the business earned $1.81 EPS. Sell-side analysts anticipate that Elbit Systems Ltd. will post 8.05 EPS 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. Shareholders of record on Tuesday, June 24th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Tuesday, June 24th. Elbit Systems's dividend payout ratio is 25.38%.

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.

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