Henry James International Management Inc. Cuts Holdings in Elbit Systems Ltd. (NASDAQ:ESLT)

Henry James International Management Inc. cut its position in Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 15.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,725 shares of the aerospace company's stock after selling 4,058 shares during the quarter. Elbit Systems comprises about 1.8% of Henry James International Management Inc.'s holdings, making the stock its 19th largest position. Henry James International Management Inc.'s holdings in Elbit Systems were worth $4,846,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Mackenzie Financial Corp raised its stake in shares of Elbit Systems by 3.4% during the 3rd quarter. Mackenzie Financial Corp now owns 1,609 shares of the aerospace company's stock valued at $327,000 after purchasing an additional 53 shares during the period. Public Sector Pension Investment Board lifted its holdings in shares of Elbit Systems by 0.7% in the third quarter. Public Sector Pension Investment Board now owns 9,488 shares of the aerospace company's stock worth $1,889,000 after buying an additional 67 shares in the last quarter. Signaturefd LLC boosted its position in shares of Elbit Systems by 12.7% in the third quarter. Signaturefd LLC now owns 797 shares of the aerospace company's stock valued at $158,000 after acquiring an additional 90 shares during the period. Mariner LLC grew its stake in Elbit Systems by 3.7% during the third quarter. Mariner LLC now owns 2,512 shares of the aerospace company's stock valued at $497,000 after acquiring an additional 90 shares in the last quarter. Finally, Legal Advantage Investments Inc. increased its holdings in Elbit Systems by 0.8% during the 3rd quarter. Legal Advantage Investments Inc. now owns 12,892 shares of the aerospace company's stock worth $2,552,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 17.88% of the company's stock.

Elbit Systems Price Performance

NASDAQ:ESLT traded up $0.93 during trading hours on Friday, hitting $202.33. The stock had a trading volume of 6,915 shares, compared to its average volume of 13,413. The company has a 50 day simple moving average of $206.09 and a two-hundred day simple moving average of $204.73. The firm has a market capitalization of $8.99 billion, a price-to-earnings ratio of 41.89 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. Elbit Systems Ltd. has a one year low of $183.80 and a one year high of $225.64.

Elbit Systems (NASDAQ:ESLT - Get Free Report) last posted its quarterly earnings data on Tuesday, March 26th. The aerospace company reported $1.56 earnings per share (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 analyst estimates of $1.53 billion. Elbit Systems had a return on equity of 10.16% and a net margin of 3.60%. During the same quarter last year, the company earned $1.68 earnings per share. Research analysts forecast that Elbit Systems Ltd. will post 6.33 earnings per share for the current fiscal year.

Elbit Systems Announces Dividend

The business also recently announced 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. The ex-dividend date is Tuesday, April 23rd. This represents a $2.00 annualized dividend and a yield of 0.99%. Elbit Systems's payout ratio 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.