LPL Financial LLC Purchases 1,420 Shares of Elbit Systems Ltd. (NASDAQ:ESLT)

LPL Financial LLC raised its position in Elbit Systems Ltd. (NASDAQ:ESLT) by 32.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 5,732 shares of the aerospace company’s stock after acquiring an additional 1,420 shares during the quarter. LPL Financial LLC’s holdings in Elbit Systems were worth $1,479,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Morse Asset Management Inc acquired a new position in Elbit Systems during the 3rd quarter valued at about $40,000. Sierra Ocean LLC purchased a new position in shares of Elbit Systems in the 4th quarter valued at approximately $41,000. Smartleaf Asset Management LLC grew its position in Elbit Systems by 196.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 160 shares of the aerospace company’s stock worth $41,000 after purchasing an additional 106 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Elbit Systems in the third quarter worth $63,000. Finally, Callan Family Office LLC acquired a new stake in shares of Elbit Systems during the fourth quarter worth $231,000. 17.88% of the stock is owned by hedge funds and other institutional investors.

Elbit Systems Stock Performance

Shares of NASDAQ ESLT opened at $406.22 on Friday. The stock has a market cap of $18.06 billion, a price-to-earnings ratio of 69.44 and a beta of 0.32. Elbit Systems Ltd. has a 12 month low of $175.30 and a 12 month high of $420.00. The company has a 50 day simple moving average of $358.85 and a two-hundred day simple moving average of $289.11. 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 quarterly earnings results on Tuesday, March 18th. The aerospace company reported $2.66 earnings per share for the quarter, topping the consensus estimate 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%. As a group, analysts predict that Elbit Systems Ltd. will post 8.05 earnings per share for the current year.

Elbit Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Tuesday, April 22nd will be given a dividend of $0.60 per share. This is a boost from Elbit Systems’s previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend is Tuesday, April 22nd. Elbit Systems’s dividend payout ratio (DPR) is currently 27.72%.

Analyst Ratings Changes

Separately, StockNews.com cut 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.