Cwm LLC Sells 110 Shares of Elbit Systems Ltd. (NASDAQ:ESLT)

Cwm LLC lessened its position in Elbit Systems Ltd. (NASDAQ:ESLT – Get Rating) by 14.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 639 shares of the aerospace company’s stock after selling 110 shares during the period. Cwm LLC’s holdings in Elbit Systems were worth $122,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC bought a new stake in shares of Elbit Systems during the 2nd quarter valued at about $41,000. Banque Cantonale Vaudoise bought a new stake in shares of Elbit Systems during the 3rd quarter valued at about $43,000. Eqis Capital Management Inc. boosted its stake in shares of Elbit Systems by 22.2% during the 2nd quarter. Eqis Capital Management Inc. now owns 9,413 shares of the aerospace company’s stock valued at $2,159,000 after purchasing an additional 1,710 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of Elbit Systems by 12.9% during the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,050,536 shares of the aerospace company’s stock valued at $468,220,000 after purchasing an additional 234,434 shares in the last quarter. Finally, Varma Mutual Pension Insurance Co bought a new stake in shares of Elbit Systems during the 2nd quarter valued at about $1,351,000. Institutional investors own 18.83% of the company’s stock.

Elbit Systems Trading Down 0.6 %

NASDAQ:ESLT opened at $172.01 on Tuesday. Elbit Systems Ltd. has a one year low of $159.00 and a one year high of $244.80. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.15 and a quick ratio of 0.73. The company’s 50-day simple moving average is $176.38 and its 200 day simple moving average is $199.35. The firm has a market capitalization of $7.61 billion, a P/E ratio of 38.65 and a beta of 0.64.

Elbit Systems (NASDAQ:ESLT – Get Rating) last posted its quarterly earnings data on Tuesday, November 29th. The aerospace company reported $1.40 EPS for the quarter, missing the consensus estimate of $2.11 by ($0.71). Elbit Systems had a return on equity of 11.25% and a net margin of 3.61%. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.36 billion. As a group, analysts forecast that Elbit Systems Ltd. will post 6.2 EPS for the current fiscal year.

Elbit Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 9th. Shareholders of record on Tuesday, December 27th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, December 23rd. This represents a $2.00 annualized dividend and a yield of 1.16%. Elbit Systems’s dividend payout ratio (DPR) is presently 37.30%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ESLT. TheStreet lowered shares of Elbit Systems from a “b” rating to a “c+” rating in a research note on Tuesday, November 29th. StockNews.com raised shares of Elbit Systems from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 24th.

Elbit Systems Profile

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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 offers military aircraft and helicopter systems; commercial aviation systems and aerostructures; unmanned aircraft systems; electro-optic, night vision, and countermeasures systems; naval systems; land vehicle systems; munitions, such as precision munitions for land, air, and sea applications; command, control, communications, computer, intelligence, surveillance and reconnaissance, and cyber systems; electronic warfare and signal intelligence systems; and other commercial activities.