Systematic Financial Management LP Has $16.86 Million Stake in Elbit Systems Ltd. (NASDAQ:ESLT)

Systematic Financial Management LP decreased its position in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 12.1% during the 4th quarter, HoldingsChannel reports. The fund owned 65,336 shares of the aerospace company’s stock after selling 8,986 shares during the period. Systematic Financial Management LP’s holdings in Elbit Systems were worth $16,861,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Laird Norton Wetherby Wealth Management LLC boosted its holdings in shares of Elbit Systems by 2.9% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 2,094 shares of the aerospace company’s stock valued at $540,000 after acquiring an additional 60 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Elbit Systems by 7.3% during the 4th quarter. Blue Trust Inc. now owns 987 shares of the aerospace company’s stock valued at $255,000 after acquiring an additional 67 shares in the last quarter. Prestige Wealth Management Group LLC boosted its holdings in shares of Elbit Systems by 150.0% during the 4th quarter. Prestige Wealth Management Group LLC now owns 125 shares of the aerospace company’s stock valued at $32,000 after acquiring an additional 75 shares in the last quarter. Hurley Capital LLC acquired a new stake in shares of Elbit Systems during the 4th quarter valued at $26,000. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Elbit Systems by 196.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 160 shares of the aerospace company’s stock valued at $41,000 after acquiring an additional 106 shares in the last quarter. Institutional investors and hedge funds own 17.88% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded Elbit Systems from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th.

Elbit Systems Stock Up 1.3%

Shares of ESLT opened at $395.15 on Friday. The company has a market capitalization of $17.57 billion, a PE ratio of 67.55 and a beta of 0.31. Elbit Systems Ltd. has a 12 month low of $175.30 and a 12 month high of $426.40. The stock’s 50-day moving average price is $391.39 and its two-hundred day moving average price is $316.34. The company has a current ratio of 1.15, a quick ratio of 0.64 and a debt-to-equity ratio of 0.10.

Elbit Systems (NASDAQ:ESLT) last announced its earnings results on Tuesday, March 18th. The aerospace company reported $2.66 EPS for the quarter, topping the consensus estimate of $1.95 by $0.71. The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.78 billion. Elbit Systems had a return on equity of 11.34% and a net margin of 4.00%. On average, analysts anticipate that Elbit Systems Ltd. will post 8.05 EPS for the current year.

Elbit Systems Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Tuesday, April 22nd were issued a dividend of $0.60 per share. The ex-dividend date was Tuesday, April 22nd. This is an increase from Elbit Systems’s previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a yield of 0.61%. Elbit Systems’s payout ratio is presently 27.72%.

Elbit Systems Company 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.