Hsbc Holdings PLC Acquires 972 Shares of Elbit Systems Ltd. (NASDAQ:ESLT)

Hsbc Holdings PLC boosted its holdings in Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 13.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,956 shares of the aerospace company's stock after purchasing an additional 972 shares during the period. Hsbc Holdings PLC's holdings in Elbit Systems were worth $2,080,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in ESLT. Blue Trust Inc. grew its position in Elbit Systems by 7.3% during the fourth quarter. Blue Trust Inc. now owns 987 shares of the aerospace company's stock worth $255,000 after buying an additional 67 shares in the last quarter. Prestige Wealth Management Group LLC lifted its position in shares of Elbit Systems by 150.0% during the 4th quarter. Prestige Wealth Management Group LLC now owns 125 shares of the aerospace company's stock valued at $32,000 after acquiring an additional 75 shares during the period. Hurley Capital LLC acquired a new stake in shares of Elbit Systems during the 4th quarter worth $26,000. Smartleaf Asset Management LLC increased its position 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 purchasing an additional 106 shares during the period. Finally, Signaturefd LLC raised its stake in Elbit Systems by 10.2% in the fourth quarter. Signaturefd LLC now owns 1,239 shares of the aerospace company's stock valued at $320,000 after purchasing an additional 115 shares in the last quarter. Institutional investors own 17.88% of the company's stock.

Wall Street Analysts Forecast Growth

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

Elbit Systems Price Performance

Shares of Elbit Systems stock traded down $9.39 during trading on Tuesday, reaching $394.87. 41,334 shares of the company's stock were exchanged, compared to its average volume of 42,172. 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 company has a market cap of $17.55 billion, a P/E ratio of 67.58 and a beta of 0.31. Elbit Systems Ltd. has a 1-year low of $175.30 and a 1-year high of $420.00. The firm's 50-day moving average price is $380.93 and its 200 day moving average price is $305.66.

Elbit Systems (NASDAQ:ESLT - Get Free Report) last announced its quarterly earnings results on Tuesday, March 18th. The aerospace company reported $2.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.71. The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.78 billion. Elbit Systems had a net margin of 4.00% and a return on equity of 11.34%. As a group, research analysts anticipate that Elbit Systems Ltd. will post 8.05 earnings per share for the current year.

Elbit Systems Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Tuesday, April 22nd were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.61%. This is a boost from Elbit Systems's previous quarterly dividend of $0.50. The ex-dividend date was Tuesday, April 22nd. Elbit Systems's dividend payout ratio is presently 27.72%.

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.