AM Investment Strategies LLC Takes $213,000 Position in Elbit Systems Ltd. (NASDAQ:ESLT)

AM Investment Strategies LLC acquired a new stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,000 shares of the aerospace company’s stock, valued at approximately $213,000.

Other hedge funds have also recently made changes to their positions in the company. Allworth Financial LP grew its holdings in shares of Elbit Systems by 1,566.7% during the third quarter. Allworth Financial LP now owns 200 shares of the aerospace company’s stock valued at $40,000 after buying an additional 188 shares during the last quarter. Hoey Investments Inc. purchased a new position in Elbit Systems during the third quarter worth about $49,000. Y.D. More Investments Ltd purchased a new position in Elbit Systems during the third quarter worth about $99,000. Banque Cantonale Vaudoise boosted its holdings in Elbit Systems by 122.2% during the third quarter. Banque Cantonale Vaudoise now owns 500 shares of the aerospace company’s stock worth $99,000 after purchasing an additional 275 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in Elbit Systems by 12.7% during the third quarter. Signaturefd LLC now owns 797 shares of the aerospace company’s stock worth $158,000 after purchasing an additional 90 shares during the last quarter. 17.88% of the stock is currently owned by institutional investors and hedge funds.

Elbit Systems Stock Down 1.5 %

Elbit Systems stock traded down $3.10 during midday trading on Thursday, hitting $199.99. 12,586 shares of the stock were exchanged, compared to its average volume of 20,360. Elbit Systems Ltd. has a 52-week low of $174.78 and a 52-week high of $225.64. The stock has a market capitalization of $8.89 billion, a price-to-earnings ratio of 41.41 and a beta of 0.55. The business’s 50-day moving average price is $206.86 and its 200-day moving average price is $204.86. The company has a quick ratio of 0.67, a current ratio of 1.14 and a debt-to-equity ratio of 0.13.

Elbit Systems (NASDAQ:ESLT) last posted its earnings results on Tuesday, March 26th. The aerospace company reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.18. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.53 billion. Elbit Systems had a net margin of 3.60% and a return on equity of 10.16%. During the same quarter in the prior year, the firm posted $1.68 EPS. On average, research analysts expect that Elbit Systems Ltd. will post 6.33 EPS for the current fiscal 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 paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 1.00%. Elbit Systems’s dividend payout ratio is presently 34.37%.

Elbit Systems Profile

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.