7,747 Shares in Elbit Systems Ltd. (NASDAQ:ESLT) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 7,747 shares of the aerospace company's stock, valued at approximately $1,999,000.

Several other large investors also recently bought and sold shares of ESLT. Hurley Capital LLC purchased a new stake in shares of Elbit Systems in the 4th quarter valued at about $26,000. Prestige Wealth Management Group LLC lifted its stake in Elbit Systems by 150.0% in the fourth quarter. Prestige Wealth Management Group LLC now owns 125 shares of the aerospace company's stock valued at $32,000 after buying an additional 75 shares during the last quarter. Sierra Ocean LLC acquired a new stake in shares of Elbit Systems in the fourth quarter valued at approximately $41,000. Smartleaf Asset Management LLC grew its position in shares of Elbit Systems by 196.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 160 shares of the aerospace company's stock worth $41,000 after acquiring an additional 106 shares during the last quarter. Finally, Morse Asset Management Inc acquired a new position in shares of Elbit Systems in the 3rd quarter valued at $40,000. Institutional investors and hedge funds own 17.88% of the company's stock.

Analyst Ratings Changes

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

Elbit Systems Stock Performance

ESLT stock traded down $3.60 during trading on Tuesday, hitting $400.66. The company had a trading volume of 128,159 shares, compared to its average volume of 42,585. The firm has a 50-day moving average price of $382.83 and a 200-day moving average price of $306.32. The company has a quick ratio of 0.64, a current ratio of 1.15 and a debt-to-equity ratio of 0.10. The firm has a market cap of $17.81 billion, a PE ratio of 68.49 and a beta of 0.31. Elbit Systems Ltd. has a 1-year low of $175.30 and a 1-year high of $420.00.

Elbit Systems (NASDAQ:ESLT - Get Free Report) last released its earnings results on Tuesday, March 18th. The aerospace company reported $2.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.95 by $0.71. Elbit Systems had a return on equity of 11.34% and a net margin of 4.00%. The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.78 billion. On average, analysts expect that Elbit Systems Ltd. will post 8.05 earnings per share for the current year.

Elbit Systems Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Tuesday, April 22nd were given a dividend of $0.60 per share. This is a positive change from Elbit Systems's previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a dividend yield of 0.60%. The ex-dividend date was Tuesday, April 22nd. Elbit Systems's payout ratio is presently 27.72%.

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.