42,650 Shares in Elbit Systems Ltd. (NASDAQ:ESLT) Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC bought a new stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 42,650 shares of the aerospace company's stock, valued at approximately $90,950,000.

Other hedge funds have also made changes to their positions in the company. Allworth Financial LP lifted its position in shares of Elbit Systems by 1,566.7% in the 3rd quarter. Allworth Financial LP now owns 200 shares of the aerospace company's stock valued at $40,000 after acquiring an additional 188 shares in the last quarter. Y.D. More Investments Ltd acquired a new position in Elbit Systems in the 3rd quarter valued at approximately $99,000. Banque Cantonale Vaudoise increased its stake in Elbit Systems by 122.2% in the 3rd quarter. Banque Cantonale Vaudoise now owns 500 shares of the aerospace company's stock valued at $99,000 after buying an additional 275 shares during the period. Signaturefd LLC increased its stake in Elbit Systems by 12.7% in the 3rd quarter. Signaturefd LLC now owns 797 shares of the aerospace company's stock valued at $158,000 after buying an additional 90 shares during the period. Finally, Mackenzie Financial Corp increased its stake in Elbit Systems by 3.4% in the 3rd quarter. Mackenzie Financial Corp now owns 1,609 shares of the aerospace company's stock valued at $327,000 after buying an additional 53 shares during the period. Hedge funds and other institutional investors own 17.88% of the company's stock.

Elbit Systems Stock Up 0.5 %

Elbit Systems stock traded up $0.93 during trading hours on Friday, hitting $202.33. The company had a trading volume of 6,914 shares, compared to its average volume of 19,742. The firm has a market capitalization of $8.99 billion, a P/E ratio of 41.70 and a beta of 0.54. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.14 and a quick ratio of 0.67. The firm's fifty day moving average is $206.27 and its 200-day moving average is $204.55. Elbit Systems Ltd. has a fifty-two week low of $183.80 and a fifty-two week high of $225.64.

Elbit Systems (NASDAQ:ESLT - Get Free Report) last posted its earnings results on Tuesday, March 26th. The aerospace company reported $1.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.18. Elbit Systems had a net margin of 3.60% and a return on equity of 10.16%. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period last year, the business posted $1.68 EPS. On average, research analysts forecast that Elbit Systems Ltd. will post 6.33 earnings per share for the current year.

Elbit Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 6th. Shareholders of record on Wednesday, April 24th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Tuesday, April 23rd. Elbit Systems's dividend payout ratio (DPR) is presently 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.