Geode Capital Management LLC Has $10.01 Million Stock Position in Elbit Systems Ltd. (NASDAQ:ESLT)

Geode Capital Management LLC boosted its position in Elbit Systems Ltd. (NASDAQ:ESLT) by 0.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 38,786 shares of the aerospace company’s stock after acquiring an additional 360 shares during the period. Geode Capital Management LLC owned 0.09% of Elbit Systems worth $10,010,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership grew its position in Elbit Systems by 177.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 227,102 shares of the aerospace company’s stock valued at $59,207,000 after purchasing an additional 145,324 shares during the period. Prestige Wealth Management Group LLC grew its holdings in shares of Elbit Systems by 150.0% during the fourth quarter. Prestige Wealth Management Group LLC now owns 125 shares of the aerospace company’s stock valued at $32,000 after buying an additional 75 shares during the last quarter. TIAA Trust National Association bought a new stake in shares of Elbit Systems during the fourth quarter worth about $234,000. Vanguard Group Inc. raised its holdings in shares of Elbit Systems by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 874,352 shares of the aerospace company’s stock worth $229,268,000 after acquiring an additional 10,215 shares during the last quarter. Finally, LPL Financial LLC raised its holdings in shares of Elbit Systems by 32.9% in the 4th quarter. LPL Financial LLC now owns 5,732 shares of the aerospace company’s stock worth $1,479,000 after acquiring an additional 1,420 shares during the last quarter. Institutional investors and hedge funds own 17.88% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Elbit Systems from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th.

Elbit Systems Trading Down 2.2 %

Shares of Elbit Systems stock opened at $376.71 on Wednesday. The company has a market capitalization of $16.75 billion, a P/E ratio of 64.39 and a beta of 0.32. The stock has a fifty day simple moving average of $364.29 and a 200 day simple moving average of $293.62. Elbit Systems Ltd. has a 12-month low of $175.30 and a 12-month high of $420.00. The company has a current ratio of 1.15, a quick ratio of 0.64 and a debt-to-equity ratio of 0.10.

Elbit Systems (NASDAQ:ESLT) last posted its earnings results on Tuesday, March 18th. The aerospace company reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.71. Elbit Systems had a net margin of 4.00% and a return on equity of 11.34%. The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.78 billion. On average, sell-side analysts anticipate that Elbit Systems Ltd. will post 8.05 earnings per share for the current fiscal year.

Elbit Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Tuesday, April 22nd will be issued a $0.60 dividend. The ex-dividend date is Tuesday, April 22nd. This is a positive change from Elbit Systems’s previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a dividend yield of 0.64%. Elbit Systems’s dividend payout ratio is currently 27.72%.

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.