Altshuler Shaham Ltd Grows Stake in Elbit Systems Ltd. (NASDAQ:ESLT)

Altshuler Shaham Ltd grew its holdings in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 5,555.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 552,473 shares of the aerospace company’s stock after buying an additional 542,705 shares during the period. Elbit Systems accounts for about 6.5% of Altshuler Shaham Ltd’s investment portfolio, making the stock its 6th biggest holding. Altshuler Shaham Ltd’s holdings in Elbit Systems were worth $118,050,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Clal Insurance Enterprises Holdings Ltd raised its holdings in Elbit Systems by 0.5% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,573,739 shares of the aerospace company’s stock worth $510,214,000 after purchasing an additional 13,532 shares in the last quarter. Vanguard Group Inc. grew its position in Elbit Systems by 1.1% in the third quarter. Vanguard Group Inc. now owns 809,337 shares of the aerospace company’s stock worth $160,233,000 after buying an additional 8,966 shares during the last quarter. Invesco Ltd. grew its position in Elbit Systems by 2.4% in the third quarter. Invesco Ltd. now owns 234,987 shares of the aerospace company’s stock worth $46,523,000 after buying an additional 5,458 shares during the last quarter. Meitav Investment House Ltd. grew its position in Elbit Systems by 4.7% during the 4th quarter. Meitav Investment House Ltd. now owns 224,549 shares of the aerospace company’s stock worth $48,092,000 after purchasing an additional 10,168 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Elbit Systems by 87.8% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 108,591 shares of the aerospace company’s stock valued at $21,478,000 after purchasing an additional 50,777 shares during the last quarter. Institutional investors own 17.88% of the company’s stock.

Elbit Systems Stock Performance

Elbit Systems stock traded down $1.01 on Thursday, reaching $199.86. 10,401 shares of the stock were exchanged, compared to its average volume of 19,470. The firm has a fifty day moving average price of $204.89 and a two-hundred day moving average price of $204.83. Elbit Systems Ltd. has a twelve month low of $183.80 and a twelve month high of $225.64. The company has a current ratio of 1.14, a quick ratio of 0.67 and a debt-to-equity ratio of 0.13. The stock has a market cap of $8.88 billion, a PE ratio of 41.38 and a beta of 0.54.

Elbit Systems (NASDAQ:ESLT) last posted its quarterly earnings data 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. Elbit Systems had a net margin of 3.60% and a return on equity of 10.16%. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the previous year, the firm posted $1.68 EPS. Sell-side analysts anticipate that Elbit Systems Ltd. will post 6.33 EPS for the current year.

Elbit Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 6th. Investors of record on Wednesday, April 24th were paid a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, April 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 1.00%. Elbit Systems’s 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.