Two Sigma Investments LP Sells 8,141 Shares of Elbit Systems Ltd. (NASDAQ:ESLT)

Two Sigma Investments LP lessened its stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 67.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 3,855 shares of the aerospace company's stock after selling 8,141 shares during the period. Two Sigma Investments LP's holdings in Elbit Systems were worth $995,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Laird Norton Wetherby Wealth Management LLC boosted its stake in shares of Elbit Systems by 2.9% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 2,094 shares of the aerospace company's stock worth $540,000 after acquiring an additional 60 shares during the period. Prestige Wealth Management Group LLC boosted its stake in shares of Elbit Systems by 150.0% in the fourth quarter. Prestige Wealth Management Group LLC now owns 125 shares of the aerospace company's stock worth $32,000 after acquiring an additional 75 shares during the period. Hurley Capital LLC bought a new position in shares of Elbit Systems in the fourth quarter worth about $26,000. Smartleaf Asset Management LLC boosted its stake in shares of Elbit Systems by 196.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 160 shares of the aerospace company's stock worth $41,000 after acquiring an additional 106 shares during the period. Finally, Signaturefd LLC boosted its stake in shares of Elbit Systems by 10.2% in the fourth quarter. Signaturefd LLC now owns 1,239 shares of the aerospace company's stock worth $320,000 after acquiring an additional 115 shares during the period. Institutional investors own 17.88% of the company's stock.

Analyst Upgrades and Downgrades

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

Elbit Systems Price Performance

NASDAQ ESLT traded up $0.32 during trading on Friday, hitting $420.22. 61,719 shares of the stock traded hands, compared to its average volume of 54,280. The company has a market capitalization of $18.68 billion, a P/E ratio of 71.83 and a beta of 0.31. The firm has a 50-day simple moving average of $395.44 and a 200-day simple moving average of $333.16. The company has a quick ratio of 0.64, a current ratio of 1.15 and a debt-to-equity ratio of 0.10. Elbit Systems Ltd. has a 12-month low of $175.30 and a 12-month high of $432.92.

Elbit Systems (NASDAQ:ESLT - Get Free Report) last released its quarterly earnings results on Tuesday, May 20th. The aerospace company reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.27. The business 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 last year, the business posted $1.81 EPS. As a group, analysts predict that Elbit Systems Ltd. will post 8.05 EPS for the current year.

Elbit Systems Dividend Announcement

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 paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 0.57%. The ex-dividend date is Tuesday, June 24th. 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.