Nuveen Asset Management LLC Grows Stake in Elbit Systems Ltd. (NASDAQ:ESLT)

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

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Elbit Systems by 1.2% in the fourth 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 period. Y.D. More Investments Ltd boosted its stake in shares of Elbit Systems by 10.1% in the fourth quarter. Y.D. More Investments Ltd now owns 449,747 shares of the aerospace company's stock valued at $117,520,000 after purchasing an additional 41,401 shares during the period. Invesco Ltd. boosted its stake in shares of Elbit Systems by 13.1% in the fourth 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 boosted its stake in shares of Elbit Systems by 177.7% in the fourth 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 period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Elbit Systems by 26.0% in the fourth 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 period. Hedge funds and other institutional investors own 17.88% of the company's stock.

Wall Street Analyst Weigh In

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

Elbit Systems Stock Up 1.5%

Shares of NASDAQ ESLT traded up $5.79 during midday trading on Thursday, hitting $400.51. The company's stock had a trading volume of 70,849 shares, compared to its average volume of 82,895. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.15 and a quick ratio of 0.64. Elbit Systems Ltd. has a 1 year low of $175.30 and a 1 year high of $426.40. The firm has a market capitalization of $17.80 billion, a price-to-earnings ratio of 68.46 and a beta of 0.31. The business's fifty day simple moving average is $391.94 and its two-hundred day simple moving average is $324.56.

Elbit Systems (NASDAQ:ESLT - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The aerospace company reported $2.57 earnings per share for the quarter, beating analysts' consensus estimates of $2.30 by $0.27. Elbit Systems had a net margin of 4.00% and a return on equity of 11.34%. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same period last year, the business earned $1.81 EPS. On average, equities analysts predict that Elbit Systems Ltd. will post 8.05 EPS for the current year.

Elbit Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Tuesday, June 24th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, June 24th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.60%. 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.