Tower Research Capital LLC TRC Purchases 104 Shares of Elbit Systems Ltd. (NASDAQ:ESLT)

Tower Research Capital LLC TRC increased its holdings in Elbit Systems Ltd. (NASDAQ:ESLT) by 61.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 272 shares of the aerospace company’s stock after purchasing an additional 104 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Elbit Systems were worth $58,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Allworth Financial LP lifted its holdings in Elbit Systems by 1,566.7% in the third quarter. Allworth Financial LP now owns 200 shares of the aerospace company’s stock worth $40,000 after buying an additional 188 shares during the period. Hoey Investments Inc. purchased a new stake in Elbit Systems in the third quarter worth $49,000. Y.D. More Investments Ltd bought a new position in Elbit Systems in the third quarter worth $99,000. Banque Cantonale Vaudoise grew its position in shares of Elbit Systems by 122.2% in the 3rd quarter. Banque Cantonale Vaudoise now owns 500 shares of the aerospace company’s stock worth $99,000 after buying an additional 275 shares during the period. Finally, Lee Financial Co bought a new stake in Elbit Systems during the fourth quarter worth about $107,000. Institutional investors own 17.88% of the company’s stock.

Elbit Systems Stock Up 1.2 %

Shares of ESLT traded up $2.38 during trading hours on Monday, hitting $203.14. The company had a trading volume of 20,466 shares, compared to its average volume of 20,230. Elbit Systems Ltd. has a 52-week low of $183.80 and a 52-week high of $225.64. The firm has a fifty day moving average price of $206.63 and a 200-day moving average price of $204.67. The stock has a market capitalization of $9.03 billion, a price-to-earnings ratio of 42.06 and a beta of 0.55. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.67 and a current ratio of 1.14.

Elbit Systems (NASDAQ:ESLT) last issued its earnings results on Tuesday, March 26th. The aerospace company reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.18. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Elbit Systems had a net margin of 3.60% and a return on equity of 10.16%. During the same period in the previous year, the company earned $1.68 earnings per share. On average, equities research analysts forecast that Elbit Systems Ltd. will post 6.33 EPS for the current fiscal year.

Elbit Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 6th. Stockholders of record on Wednesday, April 24th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Tuesday, April 23rd. Elbit Systems’s dividend payout ratio is currently 34.37%.

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.