586 Shares in Elbit Systems Ltd. (NASDAQ:ESLT) Acquired by Simon Quick Advisors LLC

Simon Quick Advisors LLC purchased a new stake in Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 586 shares of the aerospace company's stock, valued at approximately $225,000.

Other large investors have also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership lifted its position in shares of Elbit Systems by 177.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 227,102 shares of the aerospace company's stock worth $59,207,000 after purchasing an additional 145,324 shares in the last quarter. Invesco Ltd. lifted its holdings in Elbit Systems by 13.1% during the 4th quarter. Invesco Ltd. now owns 338,256 shares of the aerospace company's stock worth $87,294,000 after buying an additional 39,095 shares in the last quarter. FIL Ltd purchased a new position in Elbit Systems in the 4th quarter valued at approximately $4,616,000. Squarepoint Ops LLC grew its stake in shares of Elbit Systems by 105.8% in the fourth quarter. Squarepoint Ops LLC now owns 809 shares of the aerospace company's stock worth $209,000 after acquiring an additional 14,796 shares in the last quarter. Finally, Voya Investment Management LLC increased its position in shares of Elbit Systems by 52.7% during the fourth quarter. Voya Investment Management LLC now owns 42,319 shares of the aerospace company's stock worth $11,069,000 after acquiring an additional 14,612 shares during the period. 17.88% of the stock is currently owned by institutional investors and hedge funds.

Elbit Systems Stock Up 1.5%

Shares of ESLT traded up $6.71 during midday trading on Tuesday, hitting $453.91. The company had a trading volume of 119,286 shares, compared to its average volume of 58,936. Elbit Systems Ltd. has a 1 year low of $175.30 and a 1 year high of $476.04. The firm has a market capitalization of $20.18 billion, a P/E ratio of 46.97 and a beta of 0.31. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.70 and a current ratio of 1.21. The company's 50-day simple moving average is $402.18 and its 200-day simple moving average is $342.06.

Elbit Systems (NASDAQ:ESLT - Get Free Report) last issued its quarterly 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. Elbit Systems had a net margin of 4.95% and a return on equity of 13.49%. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the previous year, the firm earned $1.81 earnings per share. As a group, sell-side analysts expect that Elbit Systems Ltd. will post 8.05 EPS for the current year.

Elbit Systems Dividend Announcement

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 paid 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 0.53%. Elbit Systems's payout ratio is currently 25.38%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Elbit Systems from a "strong-buy" rating to a "buy" rating in a report on Saturday.

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.