D. E. Shaw & Co. Inc. Has $448,000 Stock Position in Elbit Systems Ltd. (NASDAQ:ESLT)

D. E. Shaw & Co. Inc. cut its stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 18.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,736 shares of the aerospace company’s stock after selling 391 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Elbit Systems were worth $448,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ESLT. Hurley Capital LLC bought a new position in Elbit Systems in the fourth quarter valued at $26,000. Prestige Wealth Management Group LLC increased 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 acquiring an additional 75 shares in the last quarter. Sierra Ocean LLC purchased a new stake in shares of Elbit Systems during the fourth quarter valued at approximately $41,000. Smartleaf Asset Management LLC lifted its holdings in shares of Elbit Systems by 196.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 160 shares of the aerospace company’s stock valued at $41,000 after purchasing an additional 106 shares in the last quarter. Finally, Tower Research Capital LLC TRC purchased a new position in shares of Elbit Systems during the fourth quarter valued at approximately $73,000. 17.88% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen cut Elbit Systems from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th.

Elbit Systems Stock Performance

Shares of NASDAQ ESLT opened at $378.93 on Tuesday. The company has a market cap of $16.84 billion, a P/E ratio of 64.77 and a beta of 0.31. The firm’s fifty day moving average is $392.82 and its two-hundred day moving average is $323.65. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.64 and a current ratio of 1.15. Elbit Systems Ltd. has a 52-week low of $175.30 and a 52-week high of $426.40.

Elbit Systems (NASDAQ:ESLT) last announced its earnings results on Tuesday, May 20th. The aerospace company reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.27. Elbit Systems had a net margin of 4.00% and a return on equity of 11.34%. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.69 billion. During the same period in the prior year, the company earned $1.81 EPS. As a group, analysts anticipate that Elbit Systems Ltd. will post 8.05 EPS for the current fiscal year.

Elbit Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Tuesday, June 24th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 0.63%. The ex-dividend date is Tuesday, June 24th. Elbit Systems’s dividend payout ratio is presently 25.25%.

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.