Vanguard Personalized Indexing Management LLC Has $260,000 Stake in Elbit Systems Ltd. (NASDAQ:ESLT)

Vanguard Personalized Indexing Management LLC cut its position in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 11.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,472 shares of the aerospace company’s stock after selling 194 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Elbit Systems were worth $260,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of ESLT. TD Asset Management Inc lifted its stake in Elbit Systems by 0.8% in the second quarter. TD Asset Management Inc now owns 8,839 shares of the aerospace company’s stock valued at $1,545,000 after buying an additional 73 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its stake in Elbit Systems by 56.8% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 232 shares of the aerospace company’s stock worth $49,000 after acquiring an additional 84 shares in the last quarter. Parallel Advisors LLC grew its holdings in Elbit Systems by 21.2% in the fourth quarter. Parallel Advisors LLC now owns 537 shares of the aerospace company’s stock worth $114,000 after purchasing an additional 94 shares during the period. Sequoia Financial Advisors LLC increased its stake in Elbit Systems by 8.8% in the first quarter. Sequoia Financial Advisors LLC now owns 1,284 shares of the aerospace company’s stock valued at $270,000 after purchasing an additional 104 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Elbit Systems by 368.6% during the second quarter. Blue Trust Inc. now owns 164 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 129 shares during the period. Institutional investors own 17.88% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Elbit Systems Trading Down 0.3 %

NASDAQ ESLT opened at $195.03 on Monday. The company has a quick ratio of 0.63, a current ratio of 1.13 and a debt-to-equity ratio of 0.10. Elbit Systems Ltd. has a 52 week low of $175.30 and a 52 week high of $225.64. The business has a 50 day moving average price of $193.49 and a 200-day moving average price of $194.22. The company has a market cap of $8.67 billion, a price-to-earnings ratio of 38.39 and a beta of 0.54.

Elbit Systems (NASDAQ:ESLT) last released its quarterly earnings data 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. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.57 billion. Elbit Systems had a net margin of 3.85% and a return on equity of 10.70%. During the same quarter in the prior year, the company posted $1.57 earnings per share. As a group, equities analysts expect that Elbit Systems Ltd. will post 7.8 earnings per share for the current fiscal year.

Elbit Systems Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Tuesday, October 15th will be paid a dividend of $0.416 per share. The ex-dividend date of this dividend 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 currently 32.68%.

Elbit Systems 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.