GAMMA Investing LLC Boosts Holdings in Elbit Systems Ltd. (NASDAQ:ESLT)

GAMMA Investing LLC grew its holdings in shares of Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 38,268.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,290 shares of the aerospace company's stock after purchasing an additional 7,271 shares during the period. GAMMA Investing LLC's holdings in Elbit Systems were worth $2,797,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Hurley Capital LLC acquired a new position in Elbit Systems during the fourth quarter worth $26,000. Prestige Wealth Management Group LLC grew its stake in Elbit Systems by 150.0% in the 4th quarter. Prestige Wealth Management Group LLC now owns 125 shares of the aerospace company's stock valued at $32,000 after acquiring an additional 75 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in 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 during the last quarter. Sierra Ocean LLC purchased a new position in Elbit Systems during the 4th quarter valued at about $41,000. Finally, Tower Research Capital LLC TRC acquired a new position in Elbit Systems during the fourth quarter worth about $73,000. 17.88% of the stock is owned by hedge funds and other institutional investors.

Elbit Systems Price Performance

Shares of NASDAQ:ESLT traded up $23.42 on Friday, hitting $454.90. The company had a trading volume of 370,667 shares, compared to its average volume of 57,299. The company has a market cap of $20.22 billion, a PE ratio of 77.76 and a beta of 0.31. The business has a 50 day moving average of $399.01 and a 200 day moving average of $337.92. Elbit Systems Ltd. has a 52-week low of $175.30 and a 52-week high of $465.91. 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 (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 analysts' consensus estimates of $2.30 by $0.27. The company 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 period in the prior year, the firm earned $1.81 EPS. As a group, equities 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 given a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, June 24th. This represents a $2.40 dividend on an annualized basis and a yield of 0.53%. Elbit Systems's dividend payout ratio (DPR) is currently 25.25%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded Elbit Systems from a "strong-buy" rating to a "buy" rating in a research report 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.