Tower Research Capital LLC TRC Purchases 104 Shares of Elbit Systems Ltd. (NASDAQ:ESLT)

Tower Research Capital LLC TRC lifted its position in Elbit Systems Ltd. (NASDAQ:ESLT) by 61.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 272 shares of the aerospace company’s stock after buying an additional 104 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Elbit Systems were worth $58,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Allworth Financial LP lifted its holdings in shares of Elbit Systems by 1,566.7% during the 3rd quarter. Allworth Financial LP now owns 200 shares of the aerospace company’s stock valued at $40,000 after purchasing an additional 188 shares during the last quarter. Hoey Investments Inc. acquired a new position in shares of Elbit Systems during the third quarter valued at about $49,000. Y.D. More Investments Ltd purchased a new position in shares of Elbit Systems in the 3rd quarter valued at approximately $99,000. Banque Cantonale Vaudoise grew its position in Elbit Systems by 122.2% during the 3rd 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, Lee Financial Co purchased a new position in shares of Elbit Systems in the fourth quarter worth $107,000. Institutional investors own 17.88% of the company’s stock.

Elbit Systems Stock Performance

ESLT stock traded up $2.38 during midday trading on Monday, reaching $203.14. The stock had a trading volume of 20,466 shares, compared to its average volume of 20,230. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.67 and a current ratio of 1.14. The firm has a fifty day simple moving average of $206.63 and a two-hundred day simple moving average of $204.67. The stock has a market cap of $9.03 billion, a PE ratio of 42.06 and a beta of 0.55. Elbit Systems Ltd. has a 52-week low of $183.80 and a 52-week high of $225.64.

Elbit Systems (NASDAQ:ESLT) last released its quarterly earnings data 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 firm 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 business earned $1.68 earnings per share. As a group, equities research analysts anticipate that Elbit Systems Ltd. will post 6.33 EPS for the current year.

Elbit Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 6th. Investors of record on Wednesday, April 24th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 0.98%. Elbit Systems’s payout ratio is 34.37%.

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.