Y.D. More Investments Ltd Acquires 2,541 Shares of Elbit Systems Ltd. (NASDAQ:ESLT)

Key Points

• Y.D. More Investments Ltd has increased its stake in Elbit Systems Ltd by 0.6%, acquiring an additional 2,541 shares, bringing its total holdings to 452,288 shares valued at approximately $173 million.
• Institutional investors now own 17.88% of Elbit Systems's stock, with notable increases from firms like Deutsche Bank AG (up 61.2%) and Charles Schwab Investment Management (up 23.9%).
• Elbit Systems recently announced a quarterly dividend of $0.60 per share, which represents an annualized yield of 0.5% and a payout ratio of 25.38%.

Y.D. More Investments Ltd increased its holdings in shares of Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 0.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 452,288 shares of the aerospace company's stock after acquiring an additional 2,541 shares during the quarter. Elbit Systems makes up approximately 15.1% of Y.D. More Investments Ltd's holdings, making the stock its biggest holding. Y.D. More Investments Ltd owned 1.02% of Elbit Systems worth $173,349,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Deutsche Bank AG raised its stake in Elbit Systems by 61.2% during the first quarter. Deutsche Bank AG now owns 117,083 shares of the aerospace company's stock worth $44,922,000 after acquiring an additional 44,459 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Elbit Systems by 23.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,889 shares of the aerospace company's stock valued at $1,492,000 after purchasing an additional 749 shares during the period. Vanguard Group Inc. increased its stake in shares of Elbit Systems by 1.8% in the first quarter. Vanguard Group Inc. now owns 889,904 shares of the aerospace company's stock valued at $341,276,000 after purchasing an additional 15,552 shares during the period. US Bancorp DE increased its stake in shares of Elbit Systems by 12.9% in the first quarter. US Bancorp DE now owns 3,037 shares of the aerospace company's stock valued at $1,165,000 after purchasing an additional 347 shares during the period. Finally, XTX Topco Ltd acquired a new stake in shares of Elbit Systems in the first quarter valued at approximately $504,000. Institutional investors and hedge funds own 17.88% of the company's stock.

Analysts Set New Price Targets

ESLT has been the topic of several analyst reports. Bank of America initiated coverage on shares of Elbit Systems in a research note on Thursday, July 24th. They issued a "buy" rating and a $500.00 price target on the stock. Wall Street Zen upgraded shares of Elbit Systems from a "buy" rating to a "strong-buy" rating in a research note on Sunday, June 22nd.

Elbit Systems Price Performance

NASDAQ ESLT opened at $484.23 on Thursday. Elbit Systems Ltd. has a 12 month low of $183.05 and a 12 month high of $494.32. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.21 and a quick ratio of 0.70. The firm has a market capitalization of $21.52 billion, a PE ratio of 61.45, a P/E/G ratio of 1.89 and a beta of 0.33. The company's 50 day simple moving average is $441.17 and its 200 day simple moving average is $387.88.

Elbit Systems (NASDAQ:ESLT - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The aerospace company reported $2.57 EPS for the quarter, beating 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 business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter last year, the business earned $1.81 earnings per share. As a group, equities research analysts forecast that Elbit Systems Ltd. will post 8.05 EPS for the current fiscal year.

Elbit Systems Announces Dividend

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

Elbit Systems 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.

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