Elbit Systems Ltd. (NASDAQ:ESLT) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. increased its stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 1.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 809,337 shares of the aerospace company's stock after buying an additional 8,966 shares during the period. Vanguard Group Inc. owned 1.83% of Elbit Systems worth $160,233,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Allworth Financial LP grew its holdings in Elbit Systems by 1,566.7% during the 3rd quarter. Allworth Financial LP now owns 200 shares of the aerospace company's stock worth $40,000 after acquiring an additional 188 shares during the last quarter. Hoey Investments Inc. bought a new position in shares of Elbit Systems during the third quarter valued at about $49,000. Lazard Asset Management LLC bought a new position in shares of Elbit Systems during the second quarter valued at about $53,000. Tower Research Capital LLC TRC lifted its position in shares of Elbit Systems by 30.1% during the second quarter. Tower Research Capital LLC TRC now owns 324 shares of the aerospace company's stock valued at $68,000 after purchasing an additional 75 shares in the last quarter. Finally, Y.D. More Investments Ltd purchased a new stake in Elbit Systems during the third quarter worth about $99,000. Institutional investors own 17.88% of the company's stock.

Elbit Systems Stock Performance

NASDAQ ESLT traded down $1.59 during trading hours on Tuesday, reaching $207.06. 15,025 shares of the company were exchanged, compared to its average volume of 21,835. The stock has a market capitalization of $9.20 billion, a P/E ratio of 42.87 and a beta of 0.55. The company has a quick ratio of 0.64, a current ratio of 1.12 and a debt-to-equity ratio of 0.13. The business's 50 day simple moving average is $208.35 and its 200-day simple moving average is $204.90. Elbit Systems Ltd. has a 1 year low of $169.19 and a 1 year high of $225.64.

Elbit Systems (NASDAQ:ESLT - Get Free Report) last issued its quarterly earnings data on Tuesday, March 26th. The aerospace company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.38 by $0.18. The company had revenue of $1.63 billion during the quarter, compared to analysts' expectations of $1.53 billion. Elbit Systems had a net margin of 3.60% and a return on equity of 10.30%. During the same quarter in the previous year, the company earned $1.68 earnings per share. On average, equities research analysts expect that Elbit Systems Ltd. will post 6.33 earnings per share for the current year.

Elbit Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 6th. Shareholders of record on Wednesday, April 24th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Tuesday, April 23rd. Elbit Systems's payout ratio is currently 34.37%.

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.