Boston Private Wealth LLC Boosts Holdings in Elbit Systems Ltd. (NASDAQ:ESLT)

Boston Private Wealth LLC lifted its stake in Elbit Systems Ltd. (NASDAQ:ESLT) by 8.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,842 shares of the aerospace company’s stock after purchasing an additional 146 shares during the quarter. Boston Private Wealth LLC’s holdings in Elbit Systems were worth $267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of ESLT. Advisor Group Holdings Inc. raised its position in shares of Elbit Systems by 13.3% in the 2nd quarter. Advisor Group Holdings Inc. now owns 1,885 shares of the aerospace company’s stock worth $244,000 after purchasing an additional 221 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Elbit Systems by 20.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,579 shares of the aerospace company’s stock worth $983,000 after purchasing an additional 1,266 shares during the last quarter. Meitav Dash Investments Ltd. raised its position in shares of Elbit Systems by 6.8% in the 2nd quarter. Meitav Dash Investments Ltd. now owns 100,045 shares of the aerospace company’s stock worth $12,951,000 after purchasing an additional 6,402 shares during the last quarter. HighTower Advisors LLC raised its position in shares of Elbit Systems by 7.4% in the 2nd quarter. HighTower Advisors LLC now owns 2,553 shares of the aerospace company’s stock worth $332,000 after purchasing an additional 176 shares during the last quarter. Finally, Van ECK Associates Corp purchased a new position in shares of Elbit Systems in the 2nd quarter worth about $1,262,000. 17.67% of the stock is owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research raised Elbit Systems from a “hold” rating to a “buy” rating and set a $171.00 target price for the company in a research report on Thursday, November 25th.

Shares of NASDAQ:ESLT opened at $178.16 on Friday. Elbit Systems Ltd. has a fifty-two week low of $122.85 and a fifty-two week high of $179.68. The business has a 50-day simple moving average of $162.36 and a two-hundred day simple moving average of $147.67. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.84 and a current ratio of 1.26. The firm has a market cap of $7.87 billion, a price-to-earnings ratio of 23.60 and a beta of 0.89.

Elbit Systems (NASDAQ:ESLT) last issued its earnings results on Monday, November 22nd. The aerospace company reported $2.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.85 by $0.48. Elbit Systems had a return on equity of 16.03% and a net margin of 6.47%. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the previous year, the firm earned $1.64 EPS. As a group, research analysts predict that Elbit Systems Ltd. will post 8.35 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, January 3rd. Shareholders of record on Monday, December 20th were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend was Friday, December 17th. Elbit Systems’s dividend payout ratio (DPR) is 20.26%.

Elbit Systems Company Profile

Elbit Systems Ltd. is a technology company, which engages in the development and distribution of defense and homeland security solutions. Its portfolio includes airborne, land, and naval systems and products for defense, homeland security, and commercial applications. The company was founded in 1996 and is headquartered in Haifa, Israel.

Further Reading: Does the discount rate affect the economy?

Want to see what other hedge funds are holding ESLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Elbit Systems Ltd. (NASDAQ:ESLT).

Institutional Ownership by Quarter for Elbit Systems (NASDAQ:ESLT)

Receive News & Ratings for Elbit Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Elbit Systems and related companies with MarketBeat.com's FREE daily email newsletter.