Elbit Systems Ltd. (NASDAQ:ESLT) Shares Purchased by US Bancorp DE

US Bancorp DE increased its position in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 18.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,251 shares of the aerospace company’s stock after acquiring an additional 357 shares during the quarter. US Bancorp DE’s holdings in Elbit Systems were worth $383,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Clal Insurance Enterprises Holdings Ltd boosted its position in shares of Elbit Systems by 14.4% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,524,303 shares of the aerospace company’s stock valued at $425,414,000 after acquiring an additional 318,707 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Elbit Systems in the first quarter valued at about $242,000. Russell Investments Group Ltd. lifted its position in Elbit Systems by 186.3% in the first quarter. Russell Investments Group Ltd. now owns 13,953 shares of the aerospace company’s stock valued at $2,369,000 after buying an additional 9,079 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in Elbit Systems by 3.0% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 20,445 shares of the aerospace company’s stock valued at $3,480,000 after buying an additional 595 shares during the last quarter. Finally, Barclays PLC lifted its position in Elbit Systems by 84.1% in the first quarter. Barclays PLC now owns 13,063 shares of the aerospace company’s stock valued at $2,224,000 after buying an additional 5,969 shares during the last quarter. Institutional investors and hedge funds own 18.67% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Elbit Systems in a research report on Thursday, August 17th. They issued a “buy” rating on the stock.

Elbit Systems Trading Up 0.3 %

NASDAQ ESLT opened at $196.99 on Friday. The stock has a market capitalization of $8.72 billion, a P/E ratio of 33.00 and a beta of 0.56. Elbit Systems Ltd. has a 12 month low of $162.01 and a 12 month high of $225.22. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 0.65. The firm’s 50-day moving average is $208.27 and its two-hundred day moving average is $191.43.

Elbit Systems (NASDAQ:ESLT) last issued its quarterly earnings results on Tuesday, May 30th. The aerospace company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.03). The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.39 billion. Elbit Systems had a return on equity of 10.36% and a net margin of 4.66%. On average, sell-side analysts anticipate that Elbit Systems Ltd. will post 6.9 earnings per share for the current year.

Elbit Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 23rd. Stockholders of record on Tuesday, October 10th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, October 6th. This represents a $2.00 annualized dividend and a dividend yield of 1.02%. Elbit Systems’s dividend payout ratio is presently 27.81%.

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.