Public Sector Pension Investment Board Increases Position in Elbit Systems Ltd. (NASDAQ:ESLT)

Public Sector Pension Investment Board increased its stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 5.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,211 shares of the aerospace company’s stock after buying an additional 623 shares during the period. Public Sector Pension Investment Board’s holdings in Elbit Systems were worth $1,960,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd grew its holdings in shares of Elbit Systems by 32,724.6% in the 2nd quarter. Y.D. More Investments Ltd now owns 403,742 shares of the aerospace company’s stock worth $71,329,000 after acquiring an additional 402,512 shares during the period. Heard Capital LLC purchased a new position in shares of Elbit Systems in the fourth quarter valued at $26,428,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Elbit Systems during the 1st quarter worth $10,893,000. Meitav Investment House Ltd. raised its stake in shares of Elbit Systems by 13.2% during the 2nd quarter. Meitav Investment House Ltd. now owns 238,396 shares of the aerospace company’s stock worth $42,117,000 after buying an additional 27,851 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Elbit Systems by 34.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 96,481 shares of the aerospace company’s stock worth $20,575,000 after buying an additional 24,484 shares in the last quarter. 17.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Elbit Systems Trading Down 0.3 %

Shares of ESLT opened at $195.03 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.13 and a quick ratio of 0.63. Elbit Systems Ltd. has a 1-year low of $175.30 and a 1-year high of $225.64. The stock has a market cap of $8.67 billion, a price-to-earnings ratio of 38.39 and a beta of 0.54. The firm has a 50 day simple moving average of $193.49 and a 200-day simple moving average of $194.22.

Elbit Systems (NASDAQ:ESLT) last released its quarterly earnings results on Wednesday, August 14th. The aerospace company reported $2.08 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.31. Elbit Systems had a return on equity of 10.70% and a net margin of 3.85%. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter last year, the business posted $1.57 earnings per share. Equities analysts forecast that Elbit Systems Ltd. will post 7.8 EPS for the current fiscal year.

Elbit Systems Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Tuesday, October 15th will be issued a $0.416 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $1.66 dividend on an annualized basis and a yield of 0.85%. Elbit Systems’s dividend payout ratio (DPR) is 32.68%.

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.