XTX Topco Ltd Takes $504,000 Position in Elbit Systems Ltd. (NASDAQ:ESLT)

XTX Topco Ltd acquired a new position in Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,313 shares of the aerospace company's stock, valued at approximately $504,000.

A number of other institutional investors have also recently bought and sold shares of the business. Larson Financial Group LLC purchased a new stake in shares of Elbit Systems in the first quarter worth approximately $29,000. SBI Securities Co. Ltd. lifted its position in Elbit Systems by 232.6% in the 1st quarter. SBI Securities Co. Ltd. now owns 153 shares of the aerospace company's stock worth $59,000 after buying an additional 107 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in Elbit Systems in the 4th quarter worth approximately $73,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Elbit Systems during the 1st quarter valued at $203,000. Finally, Brighton Jones LLC purchased a new position in shares of Elbit Systems during the 1st quarter valued at $206,000. 17.88% of the stock is currently owned by institutional investors and hedge funds.

Elbit Systems Price Performance

NASDAQ ESLT opened at $470.42 on Friday. The company has a quick ratio of 0.70, a current ratio of 1.21 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $20.91 billion, a PE ratio of 59.70, a price-to-earnings-growth ratio of 1.89 and a beta of 0.33. The company has a 50 day moving average price of $442.52 and a two-hundred day moving average price of $389.07. Elbit Systems Ltd. has a 12-month low of $186.90 and a 12-month high of $494.32.

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

Elbit Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 7th. Shareholders of record on Tuesday, June 24th were paid a $0.60 dividend. The ex-dividend date was Tuesday, June 24th. This represents a $2.40 dividend on an annualized basis and a yield of 0.5%. Elbit Systems's payout ratio is 25.38%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ESLT shares. Bank of America began coverage on Elbit Systems in a report on Thursday, July 24th. They set a "buy" rating and a $500.00 price objective for the company. Wall Street Zen raised Elbit Systems from a "buy" rating to a "strong-buy" rating in a research note on Sunday, June 22nd.

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.

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