7,747 Shares in Elbit Systems Ltd. (NASDAQ:ESLT) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT) in the 4th quarter, Holdings Channel.com reports. The fund acquired 7,747 shares of the aerospace company’s stock, valued at approximately $1,999,000.

Other hedge funds have also recently modified their holdings of the company. Morse Asset Management Inc bought a new position in shares of Elbit Systems in the 3rd quarter worth about $40,000. Sierra Ocean LLC purchased a new stake in Elbit Systems in the fourth quarter worth about $41,000. Smartleaf Asset Management LLC increased its stake in shares of Elbit Systems by 196.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 160 shares of the aerospace company’s stock valued at $41,000 after purchasing an additional 106 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Elbit Systems during the third quarter valued at approximately $63,000. Finally, Blue Trust Inc. boosted its position in shares of Elbit Systems by 7.3% in the 4th quarter. Blue Trust Inc. now owns 987 shares of the aerospace company’s stock worth $255,000 after purchasing an additional 67 shares in the last quarter. Institutional investors own 17.88% of the company’s stock.

Elbit Systems Price Performance

Shares of NASDAQ:ESLT opened at $387.86 on Monday. The business has a fifty day moving average price of $331.21 and a 200-day moving average price of $269.14. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.15 and a quick ratio of 0.64. The company has a market capitalization of $17.24 billion, a PE ratio of 66.30 and a beta of 0.53. Elbit Systems Ltd. has a 1-year low of $175.30 and a 1-year high of $420.00.

Elbit Systems (NASDAQ:ESLT) last released its quarterly earnings data 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 business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.78 billion. Elbit Systems had a net margin of 4.00% and a return on equity of 11.34%. As a group, equities analysts expect that Elbit Systems Ltd. will post 8.05 EPS for the current fiscal year.

Elbit Systems Increases Dividend

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

Wall Street Analyst Weigh In

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

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.