Elbit Systems Ltd. (NASDAQ:ESLT) Holdings Raised by LPL Financial LLC

LPL Financial LLC raised its position in Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 32.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,732 shares of the aerospace company's stock after buying an additional 1,420 shares during the period. LPL Financial LLC's holdings in Elbit Systems were worth $1,479,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in Elbit Systems by 7.3% in the 4th quarter. Blue Trust Inc. now owns 987 shares of the aerospace company's stock valued at $255,000 after buying an additional 67 shares during the last quarter. Smartleaf Asset Management LLC lifted its position 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 purchasing an additional 106 shares during the last quarter. Signaturefd LLC lifted its position in shares of Elbit Systems by 10.2% during the fourth quarter. Signaturefd LLC now owns 1,239 shares of the aerospace company's stock worth $320,000 after purchasing an additional 115 shares during the last quarter. State Street Corp lifted its position in shares of Elbit Systems by 3.1% during the third quarter. State Street Corp now owns 4,534 shares of the aerospace company's stock worth $907,000 after purchasing an additional 136 shares during the last quarter. Finally, Sierra Ocean LLC bought a new position in shares of Elbit Systems during the fourth quarter worth about $41,000. 17.88% of the stock is owned by hedge funds and other institutional investors.

Elbit Systems Stock Down 0.1 %

Shares of ESLT stock traded down $0.42 during trading hours on Wednesday, hitting $376.29. 26,674 shares of the company were exchanged, compared to its average volume of 39,228. The business's 50-day simple moving average is $364.29 and its two-hundred day simple moving average is $293.62. 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 stock has a market capitalization of $16.73 billion, a price-to-earnings ratio of 64.32 and a beta of 0.32. Elbit Systems Ltd. has a one year low of $175.30 and a one year high of $420.00.

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, topping analysts' consensus estimates of $1.95 by $0.71. Elbit Systems had a return on equity of 11.34% and a net margin of 4.00%. The company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.78 billion. Sell-side analysts predict that Elbit Systems Ltd. will post 8.05 EPS for the current fiscal year.

Elbit Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Tuesday, April 22nd will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date is Tuesday, April 22nd. This is a positive change from Elbit Systems's previous quarterly dividend of $0.50. Elbit Systems's payout ratio is 27.72%.

Wall Street Analyst Weigh In

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

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.