Elbit Systems Ltd. (NASDAQ:ESLT) Position Boosted by Voya Investment Management LLC

Voya Investment Management LLC increased its holdings in Elbit Systems Ltd. (NASDAQ:ESLT) by 52.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,319 shares of the aerospace company’s stock after purchasing an additional 14,612 shares during the quarter. Voya Investment Management LLC’s holdings in Elbit Systems were worth $11,069,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Elbit Systems by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 874,352 shares of the aerospace company’s stock valued at $229,268,000 after buying an additional 10,215 shares in the last quarter. Y.D. More Investments Ltd grew its holdings in shares of Elbit Systems by 10.1% in the 4th quarter. Y.D. More Investments Ltd now owns 449,747 shares of the aerospace company’s stock worth $117,520,000 after acquiring an additional 41,401 shares during the last quarter. Invesco Ltd. raised its position in shares of Elbit Systems by 13.1% during the fourth quarter. Invesco Ltd. now owns 338,256 shares of the aerospace company’s stock worth $87,294,000 after purchasing an additional 39,095 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Elbit Systems by 177.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 227,102 shares of the aerospace company’s stock valued at $59,207,000 after purchasing an additional 145,324 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Elbit Systems by 12.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 170,703 shares of the aerospace company’s stock valued at $34,158,000 after purchasing an additional 18,614 shares during the period. 17.88% of the stock is owned by institutional investors and hedge funds.

Elbit Systems Stock Up 1.7 %

NASDAQ:ESLT opened at $386.00 on Tuesday. The business’s fifty day moving average price is $370.84 and its 200 day moving average price is $299.04. The firm has a market capitalization of $17.16 billion, a price-to-earnings ratio of 65.98 and a beta of 0.32. 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 Ltd. has a 1-year low of $175.30 and a 1-year high of $420.00.

Elbit Systems (NASDAQ:ESLT) last issued its earnings results on Tuesday, March 18th. The aerospace company reported $2.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $0.71. The company 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, sell-side analysts forecast that Elbit Systems Ltd. will post 8.05 earnings per share for the current fiscal year.

Elbit Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Tuesday, April 22nd will be given a $0.60 dividend. This is an increase from Elbit Systems’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $2.40 dividend on an annualized basis and a yield of 0.62%. Elbit Systems’s dividend payout ratio is presently 27.72%.

Analysts Set New Price Targets

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

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.