Townsquare Capital LLC Buys Shares of 834 Elbit Systems Ltd. (NASDAQ:ESLT)

Townsquare Capital LLC acquired a new position in Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 834 shares of the aerospace company's stock, valued at approximately $215,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Elbit Systems by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 874,352 shares of the aerospace company's stock worth $229,268,000 after acquiring an additional 10,215 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Elbit Systems by 44.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,140 shares of the aerospace company's stock worth $810,000 after acquiring an additional 961 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Elbit Systems by 12.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 170,703 shares of the aerospace company's stock worth $34,158,000 after acquiring an additional 18,614 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Elbit Systems in the 4th quarter worth about $1,999,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Elbit Systems by 5.3% in the 4th quarter. Bank of New York Mellon Corp now owns 45,789 shares of the aerospace company's stock worth $11,817,000 after acquiring an additional 2,317 shares during the last quarter. 17.88% of the stock is owned by hedge funds and other institutional investors.

Elbit Systems Trading Up 1.7 %

ESLT traded up $6.46 on Monday, reaching $386.00. 90,862 shares of the company traded hands, compared to its average volume of 40,523. Elbit Systems Ltd. has a one year low of $175.30 and a one year high of $420.00. 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 company has a market cap of $17.16 billion, a P/E ratio of 65.98 and a beta of 0.32. The firm has a fifty day simple moving average of $370.84 and a two-hundred day simple moving average of $299.04.

Elbit Systems (NASDAQ:ESLT - Get Free Report) last issued its quarterly earnings data on Tuesday, March 18th. The aerospace company reported $2.66 EPS for the quarter, topping analysts' consensus estimates of $1.95 by $0.71. The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.78 billion. Elbit Systems had a net margin of 4.00% and a return on equity of 11.34%. As a group, equities research 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 will be paid on Monday, May 5th. Shareholders of record on Tuesday, April 22nd will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend is Tuesday, April 22nd. This is a boost from Elbit Systems's previous quarterly dividend of $0.50. Elbit Systems's dividend payout ratio (DPR) is 27.72%.

Wall Street Analyst Weigh In

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

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.