Elbit Systems Ltd. (NASDAQ:ESLT) Shares Purchased by MetLife Investment Management LLC

MetLife Investment Management LLC raised its stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 30.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,126 shares of the aerospace company's stock after acquiring an additional 725 shares during the period. MetLife Investment Management LLC's holdings in Elbit Systems were worth $818,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Hurley Capital LLC acquired a new stake in Elbit Systems in the 4th quarter valued at about $26,000. Prestige Wealth Management Group LLC grew its holdings in Elbit Systems by 150.0% during the 4th quarter. Prestige Wealth Management Group LLC now owns 125 shares of the aerospace company's stock worth $32,000 after acquiring an additional 75 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Elbit Systems by 196.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 160 shares of the aerospace company's stock valued at $41,000 after purchasing an additional 106 shares during the last quarter. Sierra Ocean LLC acquired a new stake in shares of Elbit Systems in the 4th quarter valued at $41,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Elbit Systems during the 3rd quarter worth $63,000. Hedge funds and other institutional investors own 17.88% of the company's stock.

Analyst Ratings Changes

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

Elbit Systems Stock Down 0.1 %

NASDAQ:ESLT traded down $0.61 during midday trading on Friday, hitting $418.36. 20,907 shares of the company were exchanged, compared to its average volume of 43,257. Elbit Systems Ltd. has a fifty-two week low of $175.30 and a fifty-two week high of $426.40. The company has a market capitalization of $18.60 billion, a PE ratio of 71.51 and a beta of 0.31. The company has a current ratio of 1.15, a quick ratio of 0.64 and a debt-to-equity ratio of 0.10. The company has a fifty day simple moving average of $386.57 and a 200 day simple moving average of $308.48.

Elbit Systems (NASDAQ:ESLT - Get Free Report) last released its quarterly earnings results on Tuesday, March 18th. The aerospace company reported $2.66 EPS for the quarter, topping 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 return on equity of 11.34% and a net margin of 4.00%. As a group, equities analysts anticipate that Elbit Systems Ltd. will post 8.05 earnings per share for the current fiscal year.

Elbit Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Tuesday, April 22nd were paid a $0.60 dividend. The ex-dividend date was Tuesday, April 22nd. This is a positive change from Elbit Systems's previous quarterly dividend of $0.50. This represents a $2.40 dividend on an annualized basis and a yield of 0.57%. Elbit Systems's payout ratio is currently 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.