Hsbc Holdings PLC Has $2.08 Million Stock Position in Elbit Systems Ltd. (NASDAQ:ESLT)

Hsbc Holdings PLC boosted its stake in Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 13.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,956 shares of the aerospace company's stock after buying an additional 972 shares during the quarter. Hsbc Holdings PLC's holdings in Elbit Systems were worth $2,080,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Hurley Capital LLC acquired a new stake in shares of Elbit Systems in the 4th quarter valued at $26,000. Prestige Wealth Management Group LLC boosted its position in Elbit Systems by 150.0% in the fourth quarter. Prestige Wealth Management Group LLC now owns 125 shares of the aerospace company's stock valued at $32,000 after buying an additional 75 shares in the last quarter. Sierra Ocean LLC bought a new stake in Elbit Systems during the fourth quarter worth about $41,000. Smartleaf Asset Management LLC increased its holdings in shares of Elbit Systems by 196.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 160 shares of the aerospace company's stock worth $41,000 after buying an additional 106 shares in the last quarter. Finally, Morse Asset Management Inc acquired a new position in shares of Elbit Systems in the 3rd quarter worth approximately $40,000. 17.88% of the stock is currently owned by institutional investors.

Elbit Systems Price Performance

ESLT traded up $2.50 during midday trading on Friday, hitting $406.69. The company had a trading volume of 138,557 shares, compared to its average volume of 41,684. Elbit Systems Ltd. has a twelve month low of $175.30 and a twelve month high of $420.00. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.64 and a current ratio of 1.15. The firm's 50-day simple moving average is $378.92 and its 200-day simple moving average is $303.68. The company has a market capitalization of $18.08 billion, a PE ratio of 69.52 and a beta of 0.32.

Elbit Systems (NASDAQ:ESLT - Get Free Report) last posted its quarterly earnings data on Tuesday, March 18th. The aerospace company reported $2.66 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.71. The firm had revenue of $1.93 billion during the quarter, compared to analysts' expectations of $1.78 billion. Elbit Systems had a net margin of 4.00% and a return on equity of 11.34%. Equities research analysts predict that Elbit Systems Ltd. will post 8.05 EPS for the current fiscal year.

Elbit Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Tuesday, April 22nd will be issued a $0.60 dividend. This is a positive change from Elbit Systems's previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend is Tuesday, April 22nd. Elbit Systems's dividend payout ratio is currently 27.72%.

Analyst Ratings Changes

Separately, StockNews.com cut Elbit Systems from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th.

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.