Elbit Systems Ltd. (NASDAQ:ESLT) Position Cut by Van ECK Associates Corp

Van ECK Associates Corp cut its holdings in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,796 shares of the aerospace company’s stock after selling 228 shares during the period. Van ECK Associates Corp’s holdings in Elbit Systems were worth $1,662,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Clal Insurance Enterprises Holdings Ltd boosted its stake in Elbit Systems by 0.5% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,573,739 shares of the aerospace company’s stock valued at $510,214,000 after purchasing an additional 13,532 shares in the last quarter. Vanguard Group Inc. grew its holdings in Elbit Systems by 1.1% during the third quarter. Vanguard Group Inc. now owns 809,337 shares of the aerospace company’s stock worth $160,233,000 after acquiring an additional 8,966 shares during the period. Invesco Ltd. raised its position in Elbit Systems by 2.4% in the third quarter. Invesco Ltd. now owns 234,987 shares of the aerospace company’s stock worth $46,523,000 after acquiring an additional 5,458 shares in the last quarter. Meitav Investment House Ltd. lifted its holdings in Elbit Systems by 4.7% in the 4th quarter. Meitav Investment House Ltd. now owns 224,549 shares of the aerospace company’s stock valued at $48,092,000 after acquiring an additional 10,168 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Elbit Systems by 87.8% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 108,591 shares of the aerospace company’s stock valued at $21,478,000 after purchasing an additional 50,777 shares in the last quarter. Institutional investors and hedge funds own 17.88% of the company’s stock.

Elbit Systems Stock Down 0.9 %

NASDAQ ESLT opened at $200.87 on Thursday. Elbit Systems Ltd. has a 12 month low of $183.80 and a 12 month high of $225.64. The company has a market capitalization of $8.93 billion, a P/E ratio of 41.59 and a beta of 0.54. The company’s 50 day simple moving average is $204.89 and its 200 day simple moving average is $204.83. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.14 and a quick ratio of 0.67.

Elbit Systems (NASDAQ:ESLT) last posted its quarterly earnings results on Tuesday, March 26th. The aerospace company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.18. The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.53 billion. Elbit Systems had a return on equity of 10.16% and a net margin of 3.60%. During the same quarter in the prior year, the company earned $1.68 earnings per share. Equities research analysts expect that Elbit Systems Ltd. will post 6.33 earnings per share for the current fiscal year.

Elbit Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 6th. Investors of record on Wednesday, April 24th were paid a $0.50 dividend. The ex-dividend date was Tuesday, April 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 1.00%. Elbit Systems’s dividend payout ratio is currently 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.