Elbit Systems Ltd. (NASDAQ:ESLT) Holdings Raised by Y.D. More Investments Ltd

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 position in Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 0.6% in the first quarter, according to its most recent disclosure with the Securities and 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 comprises about 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 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of ESLT. Vanguard Group Inc. increased its position in Elbit Systems by 1.8% during the 1st 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. Invesco Ltd. boosted its stake in Elbit Systems by 13.1% in the 4th quarter. Invesco Ltd. now owns 338,256 shares of the aerospace company's stock worth $87,294,000 after purchasing an additional 39,095 shares in the last quarter. Deutsche Bank AG grew its position in Elbit Systems by 61.2% during the 1st quarter. Deutsche Bank AG now owns 117,083 shares of the aerospace company's stock valued at $44,922,000 after purchasing an additional 44,459 shares during the last quarter. Nuveen Asset Management LLC grew its position in Elbit Systems by 4.2% during the 4th quarter. Nuveen Asset Management LLC now owns 71,799 shares of the aerospace company's stock valued at $18,779,000 after purchasing an additional 2,892 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Elbit Systems by 26.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,474 shares of the aerospace company's stock valued at $16,340,000 after purchasing an additional 12,891 shares during the last quarter. 17.88% of the stock is currently owned by institutional investors.

Elbit Systems Price Performance

Shares of ESLT stock traded up $3.30 on Monday, reaching $452.74. The company's stock had a trading volume of 79,777 shares, compared to its average volume of 104,069. The stock's fifty day simple moving average is $443.33 and its 200-day simple moving average is $391.27. Elbit Systems Ltd. has a 1 year low of $186.90 and a 1 year high of $494.32. The company has a current ratio of 1.21, a quick ratio of 0.70 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $20.12 billion, a price-to-earnings ratio of 57.18, a price-to-earnings-growth ratio of 1.75 and a beta of 0.33.

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, topping the consensus estimate 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 analyst estimates of $1.69 billion. During the same period in the previous year, the firm earned $1.81 earnings per share. Analysts forecast that Elbit Systems Ltd. will post 8.05 earnings per share for the current fiscal year.

Elbit Systems Dividend Announcement

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

Wall Street Analyst Weigh In

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

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.