Swiss National Bank Decreases Stake in Elbit Systems Ltd. (NASDAQ:ESLT)

Swiss National Bank lessened its stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 3.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 83,290 shares of the aerospace company’s stock after selling 2,775 shares during the period. Swiss National Bank’s holdings in Elbit Systems were worth $17,713,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of ESLT. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Elbit Systems by 87.8% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 108,591 shares of the aerospace company’s stock valued at $21,478,000 after buying an additional 50,777 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Elbit Systems in the fourth quarter valued at about $90,950,000. Yelin Lapidot Holdings Management Ltd. purchased a new position in shares of Elbit Systems in the third quarter worth about $3,265,000. Ramirez Asset Management Inc. purchased a new position in shares of Elbit Systems in the third quarter worth about $2,714,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its position in Elbit Systems by 0.5% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,573,739 shares of the aerospace company’s stock valued at $510,214,000 after buying an additional 13,532 shares during the last quarter. Institutional investors and hedge funds own 17.88% of the company’s stock.

Elbit Systems Price Performance

Shares of NASDAQ:ESLT opened at $199.86 on Friday. 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 twelve month low of $183.80 and a twelve month high of $225.64. The company’s 50 day moving average is $204.42 and its 200 day moving average is $204.80. The company has a market cap of $8.88 billion, a PE ratio of 41.38 and a beta of 0.54.

Elbit Systems (NASDAQ:ESLT) last issued its earnings results on Tuesday, March 26th. The aerospace company reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.18. The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Elbit Systems had a net margin of 3.60% and a return on equity of 10.16%. During the same quarter last year, the company posted $1.68 earnings per share. On average, 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 was paid on Monday, May 6th. Shareholders of record on Wednesday, April 24th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend was Tuesday, April 23rd. Elbit Systems’s payout ratio is presently 34.37%.

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.