Elbit Systems Ltd. $ESLT Holdings Lessened by Y.D. More Investments Ltd

Y.D. More Investments Ltd reduced its stake in Elbit Systems Ltd. (NASDAQ:ESLT) by 10.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 551,017 shares of the aerospace company’s stock after selling 67,308 shares during the quarter. Elbit Systems accounts for 17.7% of Y.D. More Investments Ltd’s portfolio, making the stock its largest position. Y.D. More Investments Ltd’s holdings in Elbit Systems were worth $459,144,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ESLT. Cadent Capital Advisors LLC acquired a new stake in shares of Elbit Systems during the fourth quarter worth about $1,493,000. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Elbit Systems by 709.3% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 88,075 shares of the aerospace company’s stock valued at $50,948,000 after purchasing an additional 77,192 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Elbit Systems by 44.3% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 253,274 shares of the aerospace company’s stock valued at $128,573,000 after purchasing an additional 77,741 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Elbit Systems by 8.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 17,235 shares of the aerospace company’s stock worth $10,202,000 after buying an additional 1,357 shares during the period. Finally, Vanguard Group Inc. increased its stake in Elbit Systems by 1.4% during the 4th 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 period. Institutional investors and hedge funds own 17.88% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on ESLT. JPMorgan Chase & Co. raised their price target on shares of Elbit Systems from $930.00 to $950.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Jefferies Financial Group cut their price objective on Elbit Systems from $950.00 to $880.00 and set a “hold” rating on the stock in a research report on Wednesday, June 24th. Finally, Zacks Research downgraded Elbit Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 24th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Elbit Systems presently has an average rating of “Hold” and a consensus target price of $725.25.

Elbit Systems Stock Performance

Shares of NASDAQ:ESLT opened at $751.80 on Monday. Elbit Systems Ltd. has a 52 week low of $422.84 and a 52 week high of $1,016.06. The company’s 50 day moving average is $800.62 and its two-hundred day moving average is $785.86. The company has a current ratio of 1.41, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. The company has a market cap of $33.42 billion, a PE ratio of 60.87, a P/E/G ratio of 3.19 and a beta of 0.17.

Elbit Systems (NASDAQ:ESLT) last released its quarterly earnings data on Tuesday, May 26th. The aerospace company reported $3.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.89. The business had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Elbit Systems had a net margin of 7.14% and a return on equity of 16.15%. Equities analysts predict that Elbit Systems Ltd. will post 15.3 earnings per share for the current fiscal year.

Elbit Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Tuesday, June 23rd were paid a $1.00 dividend. The ex-dividend date 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 currently 26.88%.

About Elbit Systems

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.