Sequoia Financial Advisors LLC Has $252,000 Position in Elbit Systems Ltd. (NASDAQ:ESLT)

Sequoia Financial Advisors LLC increased its stake in Elbit Systems Ltd. (NASDAQ:ESLT) by 11.1% in the 4th quarter, Holdings Channel reports. The firm owned 1,180 shares of the aerospace company’s stock after purchasing an additional 118 shares during the period. Sequoia Financial Advisors LLC’s holdings in Elbit Systems were worth $252,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Elbit Systems by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 809,337 shares of the aerospace company’s stock worth $160,233,000 after buying an additional 8,966 shares during the period. Bank of New York Mellon Corp increased its position in Elbit Systems by 21.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 67,736 shares of the aerospace company’s stock worth $13,410,000 after buying an additional 12,058 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its position in Elbit Systems by 87.8% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 108,591 shares of the aerospace company’s stock worth $21,478,000 after buying an additional 50,777 shares during the period. Invesco Ltd. increased its position in Elbit Systems by 2.4% in the 3rd quarter. Invesco Ltd. now owns 234,987 shares of the aerospace company’s stock worth $46,523,000 after buying an additional 5,458 shares during the period. Finally, Deutsche Bank AG increased its position in shares of Elbit Systems by 1.6% during the third quarter. Deutsche Bank AG now owns 17,126 shares of the aerospace company’s stock valued at $3,391,000 after purchasing an additional 263 shares during the period. 17.88% of the stock is owned by institutional investors.

Elbit Systems Stock Performance

ESLT opened at $201.49 on Friday. The stock has a market cap of $8.96 billion, a PE ratio of 41.72 and a beta of 0.55. The company has a current ratio of 1.14, a quick ratio of 0.67 and a debt-to-equity ratio of 0.13. Elbit Systems Ltd. has a 1 year low of $173.01 and a 1 year high of $225.64. The stock’s 50 day simple moving average is $206.96 and its 200-day simple moving average is $204.89.

Elbit Systems (NASDAQ:ESLT) last released its quarterly earnings data on Tuesday, March 26th. The aerospace company reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.18. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.53 billion. Elbit Systems had a return on equity of 10.16% and a net margin of 3.60%. During the same period in the previous year, the business posted $1.68 earnings per share. Sell-side analysts forecast that Elbit Systems Ltd. will post 6.33 EPS for the current year.

Elbit Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, May 6th. Shareholders of record on Wednesday, April 24th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Tuesday, April 23rd. Elbit Systems’s dividend payout ratio (DPR) is 34.37%.

About Elbit Systems

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.