Elbit Systems Ltd. (NASDAQ:ESLT) Stake Boosted by Blue Trust Inc.

Blue Trust Inc. lifted its stake in Elbit Systems Ltd. (NASDAQ:ESLT) by 368.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 164 shares of the aerospace company’s stock after acquiring an additional 129 shares during the quarter. Blue Trust Inc.’s holdings in Elbit Systems were worth $29,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of ESLT. Mitsubishi UFJ Trust & Banking Corp grew its stake in Elbit Systems by 56.8% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 232 shares of the aerospace company’s stock valued at $49,000 after purchasing an additional 84 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Elbit Systems by 61.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 272 shares of the aerospace company’s stock valued at $58,000 after buying an additional 104 shares in the last quarter. Janiczek Wealth Management LLC increased its holdings in Elbit Systems by 53.8% in the first quarter. Janiczek Wealth Management LLC now owns 409 shares of the aerospace company’s stock worth $86,000 after buying an additional 143 shares during the last quarter. Lee Financial Co bought a new position in Elbit Systems during the fourth quarter valued at approximately $107,000. Finally, Parallel Advisors LLC lifted its stake in Elbit Systems by 21.2% in the fourth quarter. Parallel Advisors LLC now owns 537 shares of the aerospace company’s stock valued at $114,000 after acquiring an additional 94 shares during the last quarter. 17.88% of the stock is currently owned by hedge funds and other institutional investors.

Elbit Systems Price Performance

NASDAQ ESLT opened at $199.00 on Friday. Elbit Systems Ltd. has a fifty-two week low of $175.30 and a fifty-two week high of $225.64. The stock’s 50-day moving average is $186.30 and its two-hundred day moving average is $196.74. The firm has a market cap of $8.85 billion, a P/E ratio of 39.17 and a beta of 0.53. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.16 and a quick ratio of 0.66.

Elbit Systems (NASDAQ:ESLT) last issued its quarterly earnings data on Wednesday, August 14th. The aerospace company reported $2.08 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.31. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.57 billion. Elbit Systems had a return on equity of 10.14% and a net margin of 3.70%. During the same quarter in the prior year, the firm posted $1.57 EPS. On average, analysts anticipate that Elbit Systems Ltd. will post 7.45 earnings per share for the current fiscal year.

Elbit Systems Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Tuesday, October 15th will be paid a $0.416 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Tuesday, October 15th. Elbit Systems’s payout ratio is 32.68%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Elbit Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th.

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.