Advisor Group Inc. increased its position in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 81.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,253 shares of the aerospace company’s stock after acquiring an additional 1,014 shares during the period. Advisor Group Inc.’s holdings in Elbit Systems were worth $279,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in Elbit Systems by 84.1% during the 1st quarter. JPMorgan Chase & Co. now owns 39,979 shares of the aerospace company’s stock worth $4,544,000 after acquiring an additional 18,258 shares during the period. Paloma Partners Management Co bought a new stake in Elbit Systems during the 1st quarter worth approximately $269,000. FMR LLC increased its holdings in Elbit Systems by 63.3% during the 1st quarter. FMR LLC now owns 1,267,127 shares of the aerospace company’s stock worth $144,347,000 after acquiring an additional 491,263 shares during the period. Eagle Global Advisors LLC increased its holdings in Elbit Systems by 37.2% during the 2nd quarter. Eagle Global Advisors LLC now owns 10,701 shares of the aerospace company’s stock worth $1,324,000 after acquiring an additional 2,900 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in Elbit Systems by 5.6% during the 1st quarter. Renaissance Technologies LLC now owns 199,235 shares of the aerospace company’s stock worth $22,643,000 after acquiring an additional 10,500 shares during the period. 11.13% of the stock is currently owned by institutional investors and hedge funds.
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ESLT has been the topic of a number of analyst reports. BidaskClub lowered shares of Elbit Systems from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. ValuEngine lowered shares of Elbit Systems from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, Standpoint Research cut shares of Elbit Systems from an “accumulate” rating to a “hold” rating in a research note on Thursday, October 5th.
Elbit Systems Ltd. (NASDAQ ESLT) opened at 150.75 on Friday. The stock has a market cap of $6.44 billion, a PE ratio of 27.02 and a beta of 0.61. The firm has a 50-day moving average of $143.46 and a 200-day moving average of $128.00. Elbit Systems Ltd. has a 1-year low of $94.91 and a 1-year high of $151.74.
Elbit Systems (NASDAQ:ESLT) last released its quarterly earnings data on Tuesday, August 15th. The aerospace company reported $1.61 earnings per share (EPS) for the quarter. The firm had revenue of $818.30 million for the quarter. Elbit Systems had a net margin of 7.23% and a return on equity of 16.38%. Analysts expect that Elbit Systems Ltd. will post $6.27 EPS for the current fiscal year.
The business also recently disclosed a dividend, which was paid on Monday, September 18th. Stockholders of record on Friday, September 1st were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This is a boost from Elbit Systems’s previous dividend of $0.37. Elbit Systems’s dividend payout ratio (DPR) is presently 31.54%.
Elbit Systems Company Profile
Elbit Systems Ltd. is an international technology company engaged in a range of programs across the world. The Company develops and supplies a portfolio of airborne, land and naval systems and products for defense, homeland security and commercial aviation applications. Its systems and products are installed on new platforms, and it also performs platform modernization programs.
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