Quantinno Capital Management LP grew its stake in Elbit Systems Ltd. (NASDAQ:ESLT – Free Report) by 5.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,196 shares of the aerospace company’s stock after purchasing an additional 905 shares during the quarter. Quantinno Capital Management LP’s holdings in Elbit Systems were worth $14,517,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in ESLT. Clal Insurance Enterprises Holdings Ltd increased its holdings in Elbit Systems by 4.5% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,619,783 shares of the aerospace company’s stock valued at $1,351,958,000 after purchasing an additional 69,165 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Elbit Systems by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 998,267 shares of the aerospace company’s stock worth $573,131,000 after buying an additional 13,406 shares during the last quarter. Y.D. More Investments Ltd grew its position in shares of Elbit Systems by 3.0% during the 4th quarter. Y.D. More Investments Ltd now owns 618,325 shares of the aerospace company’s stock worth $356,345,000 after buying an additional 18,289 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Elbit Systems by 2.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 483,842 shares of the aerospace company’s stock valued at $246,121,000 after acquiring an additional 12,003 shares during the period. Finally, Meitav Investment House Ltd. boosted its stake in Elbit Systems by 8.9% during the 1st quarter. Meitav Investment House Ltd. now owns 397,089 shares of the aerospace company’s stock worth $332,985,000 after acquiring an additional 32,617 shares during the last quarter. 17.88% of the stock is currently owned by institutional investors.
Elbit Systems Price Performance
ESLT stock opened at $808.65 on Monday. The stock has a 50-day moving average price of $796.49 and a two-hundred day moving average price of $802.81. The stock has a market cap of $35.94 billion, a PE ratio of 65.48, a price-to-earnings-growth ratio of 3.43 and a beta of 0.17. The company has a current ratio of 1.41, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. Elbit Systems Ltd. has a 1 year low of $432.85 and a 1 year high of $1,016.06.
Elbit Systems Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Tuesday, June 23rd were given a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $4.00 dividend on an annualized basis and a yield of 0.5%. Elbit Systems’s dividend payout ratio (DPR) is 26.96%.
Analyst Ratings Changes
Several equities research analysts have commented on the stock. JPMorgan Chase & Co. upped their target price on shares of Elbit Systems from $930.00 to $950.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Zacks Research lowered shares of Elbit Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 24th. Morgan Stanley set a $845.00 price objective on shares of Elbit Systems in a research report on Wednesday, July 15th. Finally, Jefferies Financial Group dropped their price objective on Elbit Systems from $950.00 to $880.00 and set a “hold” rating on the stock in a research note on Wednesday, June 24th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Elbit Systems has a consensus rating of “Hold” and an average price target of $803.75.
Check Out Our Latest Analysis on Elbit Systems
Elbit Systems Company Profile
Elbit Systems Ltd. is an Israel-based defense electronics company that designs, develops and supplies a broad range of systems for military, homeland security and commercial aviation customers. The company focuses on integrated, platform-level solutions that combine sensors, communications, command-and-control software and weapons integration to support intelligence, surveillance and reconnaissance (ISR), force protection and mission management.
Its product and service portfolio spans unmanned aircraft systems, electro-optic and signal intelligence systems, electronic warfare and communications equipment, avionics and mission systems for military and commercial aircraft, and land and naval systems.
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