Nuveen Asset Management LLC Has $18.78 Million Holdings in Elbit Systems Ltd. (NASDAQ:ESLT)

Nuveen Asset Management LLC raised its holdings in shares of Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 4.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,799 shares of the aerospace company's stock after acquiring an additional 2,892 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.16% of Elbit Systems worth $18,779,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Hurley Capital LLC bought a new stake in shares of Elbit Systems in the 4th quarter valued at approximately $26,000. Prestige Wealth Management Group LLC grew its stake in shares of 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 buying an additional 75 shares in the last quarter. Sierra Ocean LLC bought a new stake in shares of Elbit Systems in the 4th quarter valued at approximately $41,000. Smartleaf Asset Management LLC grew its stake 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 buying an additional 106 shares in the last quarter. Finally, Tower Research Capital LLC TRC bought a new stake in shares of Elbit Systems in the 4th quarter valued at approximately $73,000. Hedge funds and other institutional investors own 17.88% of the company's stock.

Analyst Upgrades and Downgrades

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

Elbit Systems Stock Performance

Elbit Systems stock traded up $6.48 during trading hours on Tuesday, reaching $385.41. 250,244 shares of the company were exchanged, compared to its average volume of 50,700. The firm has a market cap of $17.13 billion, a price-to-earnings ratio of 65.88 and a beta of 0.31. 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 stock has a 50-day moving average of $392.82 and a 200 day moving average of $323.65. Elbit Systems Ltd. has a 12 month low of $175.30 and a 12 month high of $426.40.

Elbit Systems (NASDAQ:ESLT - Get Free Report) last announced its 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 firm had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.69 billion. Elbit Systems had a return on equity of 11.34% and a net margin of 4.00%. During the same quarter in the prior year, the business earned $1.81 earnings per share. As a group, research analysts anticipate that Elbit Systems Ltd. will post 8.05 earnings per share for the current year.

Elbit Systems Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Tuesday, June 24th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.62%. Elbit Systems's dividend payout ratio (DPR) is presently 25.25%.

Elbit Systems 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.