Vanguard Personalized Indexing Management LLC Makes New Investment in Elbit Systems Ltd. (NASDAQ:ESLT)

Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,280 shares of the aerospace company’s stock, valued at approximately $218,000.

A number of other hedge funds have also recently modified their holdings of ESLT. Bank of New York Mellon Corp raised its stake in Elbit Systems by 10.9% during the first quarter. Bank of New York Mellon Corp now owns 54,176 shares of the aerospace company’s stock worth $11,943,000 after purchasing an additional 5,319 shares during the period. HighTower Advisors LLC raised its position in shares of Elbit Systems by 3.2% during the 1st quarter. HighTower Advisors LLC now owns 2,708 shares of the aerospace company’s stock valued at $598,000 after buying an additional 83 shares during the period. Citigroup Inc. lifted its holdings in Elbit Systems by 55.4% in the first quarter. Citigroup Inc. now owns 16,738 shares of the aerospace company’s stock valued at $3,671,000 after acquiring an additional 5,970 shares during the last quarter. Bank of Montreal Can lifted its holdings in Elbit Systems by 3.6% in the first quarter. Bank of Montreal Can now owns 7,262 shares of the aerospace company’s stock valued at $502,000 after acquiring an additional 250 shares during the last quarter. Finally, BlackRock Inc. grew its position in Elbit Systems by 10.0% in the first quarter. BlackRock Inc. now owns 60,140 shares of the aerospace company’s stock worth $13,258,000 after acquiring an additional 5,468 shares during the period. Hedge funds and other institutional investors own 24.08% of the company’s stock.

Elbit Systems Trading Up 0.2 %

Shares of ESLT stock opened at $197.57 on Friday. Elbit Systems Ltd. has a 1-year low of $162.01 and a 1-year high of $225.22. The firm has a market cap of $8.74 billion, a PE ratio of 33.09 and a beta of 0.56. The company has a 50-day moving average of $207.43 and a two-hundred day moving average of $192.21. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 0.65.

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

Elbit Systems Dividend Announcement

The company 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 of this dividend is Friday, October 6th. This represents a $2.00 annualized dividend and a dividend yield of 1.01%. Elbit Systems’s dividend payout ratio is currently 27.81%.

Analyst Ratings Changes

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

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.