67,815 Shares in Elbit Systems Ltd. $ESLT Bought by Nuveen LLC

Nuveen LLC acquired a new position in shares of Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 67,815 shares of the aerospace company's stock, valued at approximately $25,929,000. Nuveen LLC owned about 0.15% of Elbit Systems at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ESLT. Geode Capital Management LLC raised its holdings in Elbit Systems by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 38,786 shares of the aerospace company's stock valued at $10,010,000 after acquiring an additional 360 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Elbit Systems by 7.5% in the 4th quarter. Renaissance Technologies LLC now owns 5,700 shares of the aerospace company's stock valued at $1,471,000 after acquiring an additional 400 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Elbit Systems in the 4th quarter valued at $1,999,000. Townsquare Capital LLC acquired a new position in Elbit Systems in the 4th quarter valued at $215,000. Finally, First Trust Advisors LP acquired a new position in Elbit Systems in the 4th quarter valued at $761,000. 17.88% of the stock is currently owned by institutional investors and hedge funds.

Elbit Systems Trading Down 4.6%

Shares of NASDAQ ESLT traded down $21.67 during trading on Tuesday, hitting $451.67. 250,779 shares of the company traded hands, compared to its average volume of 133,973. The company has a 50-day moving average price of $448.39 and a 200-day moving average price of $398.19. The company has a quick ratio of 0.77, a current ratio of 1.29 and a debt-to-equity ratio of 0.06. Elbit Systems Ltd. has a 1 year low of $188.53 and a 1 year high of $494.32. The firm has a market capitalization of $20.08 billion, a P/E ratio of 51.27, a P/E/G ratio of 1.84 and a beta of 0.33.

Elbit Systems (NASDAQ:ESLT - Get Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The aerospace company reported $3.23 earnings per share for the quarter, topping analysts' consensus estimates of $2.57 by $0.66. Elbit Systems had a net margin of 5.35% and a return on equity of 14.29%. The firm had revenue of $1.97 billion during the quarter, compared to analysts' expectations of $1.89 billion. During the same period in the prior year, the company earned $2.08 EPS. On average, equities analysts predict that Elbit Systems Ltd. will post 8.05 EPS for the current year.

Elbit Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Tuesday, October 14th will be given a dividend of $0.75 per share. This is a positive change from Elbit Systems's previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Tuesday, October 14th. This represents a $3.00 dividend on an annualized basis and a yield of 0.7%. Elbit Systems's dividend payout ratio is currently 22.70%.

Analyst Ratings Changes

ESLT has been the subject of several analyst reports. Bank of America started coverage on Elbit Systems in a report on Thursday, July 24th. They issued a "buy" rating and a $500.00 price target for the company. Wall Street Zen cut shares of Elbit Systems from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy" and an average target price of $500.00.

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.