Brinker Capital Investments LLC Sells 468 Shares of Elbit Systems Ltd. (NASDAQ:ESLT)

Brinker Capital Investments LLC lessened its position in shares of Elbit Systems Ltd. (NASDAQ:ESLTGet Rating) by 8.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 4,828 shares of the aerospace company’s stock after selling 468 shares during the period. Brinker Capital Investments LLC’s holdings in Elbit Systems were worth $918,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of ESLT. Clal Insurance Enterprises Holdings Ltd increased its stake in Elbit Systems by 12.9% in the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,050,536 shares of the aerospace company’s stock valued at $468,220,000 after purchasing an additional 234,434 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Elbit Systems by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 729,282 shares of the aerospace company’s stock worth $160,770,000 after purchasing an additional 13,096 shares in the last quarter. Meitav Dash Investments Ltd. boosted its position in shares of Elbit Systems by 2.3% during the 2nd quarter. Meitav Dash Investments Ltd. now owns 208,014 shares of the aerospace company’s stock worth $47,476,000 after purchasing an additional 4,751 shares in the last quarter. Invesco Ltd. boosted its position in shares of Elbit Systems by 78.0% during the 1st quarter. Invesco Ltd. now owns 182,503 shares of the aerospace company’s stock worth $40,233,000 after purchasing an additional 79,955 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Elbit Systems by 4.7% during the 1st quarter. State Street Corp now owns 99,075 shares of the aerospace company’s stock worth $21,841,000 after purchasing an additional 4,461 shares in the last quarter. Institutional investors own 18.83% of the company’s stock.

Elbit Systems Trading Up 0.5 %

ESLT opened at $170.42 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.15 and a quick ratio of 0.73. Elbit Systems Ltd. has a fifty-two week low of $159.00 and a fifty-two week high of $244.80. The firm has a market capitalization of $7.54 billion, a PE ratio of 38.30 and a beta of 0.64. The company’s 50-day moving average is $174.34 and its 200 day moving average is $197.86.

Elbit Systems (NASDAQ:ESLTGet Rating) last posted its quarterly earnings data on Tuesday, November 29th. The aerospace company reported $1.40 EPS for the quarter, missing the consensus estimate of $2.11 by ($0.71). The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Elbit Systems had a net margin of 3.61% and a return on equity of 11.25%. As a group, research analysts predict that Elbit Systems Ltd. will post 6.2 earnings per share for the current fiscal year.

Elbit Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 9th. Stockholders of record on Tuesday, December 27th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, December 23rd. This represents a $2.00 annualized dividend and a dividend yield of 1.17%. Elbit Systems’s payout ratio is currently 37.30%.

Wall Street Analyst Weigh In

A number of equities analysts have 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 report on Saturday, December 24th. TheStreet cut shares of Elbit Systems from a “b” rating to a “c+” rating in a research report on Tuesday, November 29th.

Elbit Systems Profile

(Get Rating)

Elbit Systems Ltd. operates as an international high technology company. It engages in a wide range of defense, homeland security and commercial programs. The firm operates in the areas of aerospace, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance (C4ISR), unmanned aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links and communications systems, radios, cyber-based systems and munitions.

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Institutional Ownership by Quarter for Elbit Systems (NASDAQ:ESLT)

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