MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $16.34 Million Stock Holdings in Elbit Systems Ltd. (NASDAQ:ESLT)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 26.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 62,474 shares of the aerospace company's stock after buying an additional 12,891 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.14% of Elbit Systems worth $16,340,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Clarius Group LLC acquired a new position in shares of Elbit Systems during the 4th quarter worth about $259,000. Blue Trust Inc. raised its holdings 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 acquiring an additional 67 shares in the last quarter. Y.D. More Investments Ltd boosted its position in Elbit Systems by 10.1% during the fourth quarter. Y.D. More Investments Ltd now owns 449,747 shares of the aerospace company's stock valued at $117,520,000 after purchasing an additional 41,401 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Elbit Systems in the fourth quarter valued at approximately $590,000. Finally, Van ECK Associates Corp increased its position in shares of Elbit Systems by 3.8% during the 4th quarter. Van ECK Associates Corp now owns 11,559 shares of the aerospace company's stock worth $2,983,000 after purchasing an additional 426 shares during the last quarter. Institutional investors and hedge funds own 17.88% of the company's stock.

Analysts Set New Price Targets

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

Elbit Systems Stock Performance

Shares of ESLT traded down $1.04 during midday trading on Wednesday, reaching $405.81. The stock had a trading volume of 31,965 shares, compared to its average volume of 45,927. The firm has a market cap of $18.04 billion, a PE ratio of 69.37 and a beta of 0.31. The firm has a 50 day simple moving average of $393.33 and a 200-day simple moving average of $318.81. Elbit Systems Ltd. has a one year low of $175.30 and a one year high of $426.40. The company has a current ratio of 1.15, a quick ratio of 0.64 and a debt-to-equity ratio of 0.10.

Elbit Systems (NASDAQ:ESLT - Get Free Report) last posted its quarterly earnings results on Tuesday, May 20th. The aerospace company reported $2.57 EPS for the quarter, topping analysts' consensus estimates of $2.30 by $0.27. The business had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.69 billion. Elbit Systems had a return on equity of 11.34% and a net margin of 4.00%. During the same quarter last year, the company posted $1.81 earnings per share. As a group, sell-side analysts anticipate that Elbit Systems Ltd. will post 8.05 EPS for the current year.

Elbit Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Tuesday, April 22nd were issued a dividend of $0.60 per share. 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 dividend yield of 0.59%. Elbit Systems's payout ratio is presently 27.72%.

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.