International Assets Investment Management LLC Takes Position in Elbit Systems Ltd. (NASDAQ:ESLT)

International Assets Investment Management LLC acquired a new stake in Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 42,650 shares of the aerospace company's stock, valued at approximately $90,950,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Legal Advantage Investments Inc. increased its position in Elbit Systems by 22.0% during the 4th quarter. Legal Advantage Investments Inc. now owns 15,722 shares of the aerospace company's stock valued at $3,353,000 after purchasing an additional 2,830 shares during the period. Vanguard Group Inc. increased its position in Elbit Systems by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 809,337 shares of the aerospace company's stock valued at $160,233,000 after purchasing an additional 8,966 shares during the period. Deutsche Bank AG increased its position in Elbit Systems by 1.6% during the 3rd quarter. Deutsche Bank AG now owns 17,126 shares of the aerospace company's stock valued at $3,391,000 after purchasing an additional 263 shares during the period. Public Sector Pension Investment Board increased its position in Elbit Systems by 0.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 9,488 shares of the aerospace company's stock valued at $1,889,000 after purchasing an additional 67 shares during the period. Finally, Creative Planning increased its position in Elbit Systems by 3.3% during the 3rd quarter. Creative Planning now owns 2,594 shares of the aerospace company's stock valued at $514,000 after purchasing an additional 82 shares during the period. Institutional investors and hedge funds own 17.88% of the company's stock.

Elbit Systems Trading Down 0.1 %

NASDAQ:ESLT traded down $0.23 on Friday, reaching $201.26. 13,466 shares of the stock traded hands, compared to its average volume of 29,802. The firm has a market capitalization of $8.95 billion, a price-to-earnings ratio of 41.67 and a beta of 0.55. The company's 50 day moving average is $208.26 and its 200-day moving average is $204.92. The company has a current ratio of 1.12, a quick ratio of 0.64 and a debt-to-equity ratio of 0.13. Elbit Systems Ltd. has a 1-year low of $173.01 and a 1-year high of $225.64.

Elbit Systems (NASDAQ:ESLT - Get Free Report) last announced its quarterly earnings data on Tuesday, March 26th. The aerospace company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.38 by $0.18. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate 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 last year, the firm posted $1.68 EPS. Equities research analysts anticipate that Elbit Systems Ltd. will post 6.33 EPS for the current fiscal year.

Elbit Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 6th. Stockholders of record on Wednesday, April 24th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Tuesday, April 23rd. Elbit Systems's dividend payout ratio (DPR) is 34.37%.

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.