GAMMA Investing LLC Grows Holdings in Elbit Systems Ltd. (NASDAQ:ESLT)

GAMMA Investing LLC increased its position in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 38,268.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,290 shares of the aerospace company’s stock after buying an additional 7,271 shares during the period. GAMMA Investing LLC’s holdings in Elbit Systems were worth $2,797,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Laird Norton Wetherby Wealth Management LLC grew its stake in Elbit Systems by 2.9% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 2,094 shares of the aerospace company’s stock worth $540,000 after buying an additional 60 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in Elbit Systems by 1.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 3,938 shares of the aerospace company’s stock worth $1,031,000 after buying an additional 69 shares during the last quarter. Prestige Wealth Management Group LLC grew its stake in Elbit Systems by 150.0% during the 4th quarter. Prestige Wealth Management Group LLC now owns 125 shares of the aerospace company’s stock worth $32,000 after buying an additional 75 shares during the last quarter. Hurley Capital LLC bought a new position in Elbit Systems during the 4th quarter worth $26,000. Finally, Smartleaf Asset Management LLC grew its stake in Elbit Systems by 196.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 160 shares of the aerospace company’s stock worth $41,000 after buying an additional 106 shares during the last quarter. Hedge funds and other institutional investors own 17.88% of the company’s stock.

Elbit Systems Trading Up 0.4%

Shares of NASDAQ ESLT opened at $431.48 on Friday. Elbit Systems Ltd. has a one year low of $175.30 and a one year high of $433.18. The firm has a market capitalization of $19.18 billion, a PE ratio of 73.76 and a beta of 0.31. The company has a current ratio of 1.15, a quick ratio of 0.64 and a debt-to-equity ratio of 0.10. The business has a 50-day moving average price of $399.01 and a two-hundred day moving average price of $337.92.

Elbit Systems (NASDAQ:ESLT) last announced its quarterly 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 return on equity of 11.34% and a net margin of 4.00%. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same period in the previous year, the company earned $1.81 EPS. As a group, analysts predict that Elbit Systems Ltd. will post 8.05 earnings per share 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 0.56%. The ex-dividend date of this dividend is Tuesday, June 24th. Elbit Systems’s dividend payout ratio is 25.25%.

Analysts Set New Price Targets

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

Elbit Systems Company 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.