Cwm LLC Sells 110 Shares of Elbit Systems Ltd. (NASDAQ:ESLT)

Cwm LLC reduced its position in Elbit Systems Ltd. (NASDAQ:ESLT – Get Rating) by 14.7% in the third quarter, HoldingsChannel.com reports. The firm owned 639 shares of the aerospace company’s stock after selling 110 shares during the period. Cwm LLC’s holdings in Elbit Systems were worth $122,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ESLT. Clal Insurance Enterprises Holdings Ltd boosted its position in shares of Elbit Systems by 12.9% during the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,050,536 shares of the aerospace company’s stock worth $468,220,000 after acquiring an additional 234,434 shares during the last quarter. Invesco Ltd. boosted its position in shares of Elbit Systems by 78.0% during the first quarter. Invesco Ltd. now owns 182,503 shares of the aerospace company’s stock worth $40,233,000 after acquiring an additional 79,955 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Elbit Systems by 297.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 71,943 shares of the aerospace company’s stock worth $15,781,000 after acquiring an additional 53,838 shares during the last quarter. UBS Group AG boosted its position in shares of Elbit Systems by 957.0% during the second quarter. UBS Group AG now owns 30,092 shares of the aerospace company’s stock worth $6,901,000 after acquiring an additional 27,245 shares during the last quarter. Finally, Ergoteles LLC bought a new position in shares of Elbit Systems during the first quarter worth $4,056,000. 18.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ESLT shares. StockNews.com raised shares of Elbit Systems from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 24th. TheStreet downgraded shares of Elbit Systems from a “b” rating to a “c+” rating in a research note on Tuesday, November 29th.

Elbit Systems Price Performance

Elbit Systems stock opened at $172.01 on Tuesday. The company has a market cap of $7.61 billion, a price-to-earnings ratio of 38.65 and a beta of 0.64. The firm’s fifty day moving average is $176.38 and its 200 day moving average is $199.35. The company has a quick ratio of 0.73, a current ratio of 1.15 and a debt-to-equity ratio of 0.30. Elbit Systems Ltd. has a 52-week low of $159.00 and a 52-week high of $244.80.

Elbit Systems (NASDAQ:ESLT – Get Rating) last released its quarterly earnings results on Tuesday, November 29th. The aerospace company reported $1.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.71). Elbit Systems had a net margin of 3.61% and a return on equity of 11.25%. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Sell-side analysts forecast that Elbit Systems Ltd. will post 6.2 EPS for the current fiscal year.

Elbit Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 9th. Stockholders of record on Tuesday, December 27th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.16%. The ex-dividend date was Friday, December 23rd. Elbit Systems’s dividend payout ratio is currently 37.30%.

About Elbit Systems

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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 offers military aircraft and helicopter systems; commercial aviation systems and aerostructures; unmanned aircraft systems; electro-optic, night vision, and countermeasures systems; naval systems; land vehicle systems; munitions, such as precision munitions for land, air, and sea applications; command, control, communications, computer, intelligence, surveillance and reconnaissance, and cyber systems; electronic warfare and signal intelligence systems; and other commercial activities.