PDS Planning Inc Takes Position in Elbit Systems Ltd. (NASDAQ:ESLT)

PDS Planning Inc purchased a new position in Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 612 shares of the aerospace company's stock, valued at approximately $235,000.

Several other large investors have also recently made changes to their positions in the company. Sequoia Financial Advisors LLC grew its position in shares of Elbit Systems by 3.8% in the first quarter. Sequoia Financial Advisors LLC now owns 1,498 shares of the aerospace company's stock valued at $575,000 after purchasing an additional 55 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC boosted its stake in Elbit Systems by 2.9% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 2,094 shares of the aerospace company's stock worth $540,000 after buying an additional 60 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in Elbit Systems by 1.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 3,938 shares of the aerospace company's stock valued at $1,031,000 after buying an additional 69 shares in the last quarter. Prestige Wealth Management Group LLC grew its holdings 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 buying an additional 75 shares in the last quarter. Finally, Hurley Capital LLC purchased a new position in shares of Elbit Systems during the 4th quarter worth $26,000. 17.88% of the stock is currently owned by hedge funds and other institutional investors.

Elbit Systems Trading Up 0.3%

ESLT stock traded up $1.40 during mid-day trading on Wednesday, hitting $435.40. 131,446 shares of the company were exchanged, compared to its average volume of 100,516. Elbit Systems Ltd. has a 12-month low of $177.85 and a 12-month high of $476.04. The firm has a market capitalization of $19.35 billion, a P/E ratio of 55.25 and a beta of 0.33. The business has a fifty day simple moving average of $410.95 and a 200-day simple moving average of $355.79. The company has a quick ratio of 0.70, a current ratio of 1.21 and a debt-to-equity ratio of 0.09.

Elbit Systems (NASDAQ:ESLT - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The aerospace company reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.27. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.69 billion. Elbit Systems had a return on equity of 13.49% and a net margin of 4.95%. During the same quarter in the previous year, the business earned $1.81 EPS. On average, equities research analysts predict that Elbit Systems Ltd. will post 8.05 earnings per share for the current fiscal year.

Elbit Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Tuesday, June 24th will be given a dividend of $0.60 per share. The ex-dividend date is Tuesday, June 24th. This represents a $2.40 annualized dividend and a dividend yield of 0.55%. Elbit Systems's dividend payout ratio is presently 25.38%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Elbit Systems from a "buy" rating to a "strong-buy" rating in a report on Sunday, June 22nd.

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.