Raymond James & Associates Has $2.26 Million Stock Position in Elbit Systems Ltd. (NASDAQ:ESLT)

Raymond James & Associates lifted its holdings in Elbit Systems Ltd. (NASDAQ:ESLT – Get Rating) by 11.6% during the 3rd quarter, Holdings Channel reports. The fund owned 11,892 shares of the aerospace company’s stock after acquiring an additional 1,240 shares during the quarter. Raymond James & Associates’ holdings in Elbit Systems were worth $2,262,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Paradiem LLC acquired a new position in shares of Elbit Systems in the 3rd quarter worth approximately $376,000. Banque Cantonale Vaudoise acquired a new position in shares of Elbit Systems in the 3rd quarter worth approximately $43,000. Centerpoint Advisors LLC acquired a new position in shares of Elbit Systems in the 3rd quarter worth approximately $38,000. Mackenzie Financial Corp boosted its holdings in shares of Elbit Systems by 12.1% in the 3rd quarter. Mackenzie Financial Corp now owns 1,425 shares of the aerospace company’s stock worth $271,000 after acquiring an additional 154 shares in the last quarter. Finally, Amundi lifted its holdings in Elbit Systems by 96.8% during the 2nd quarter. Amundi now owns 2,118 shares of the aerospace company’s stock worth $474,000 after buying an additional 1,042 shares in the last quarter. 18.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ESLT. StockNews.com raised Elbit Systems from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 24th. TheStreet downgraded Elbit Systems from a “b” rating to a “c+” rating in a report on Tuesday, November 29th.

Elbit Systems Stock Up 0.5 %

NASDAQ:ESLT opened at $170.42 on Monday. The stock’s fifty day moving average price is $174.34 and its two-hundred day moving average price is $197.86. The company has a market cap of $7.54 billion, a price-to-earnings ratio of 38.30 and a beta of 0.64. Elbit Systems Ltd. has a 52-week low of $159.00 and a 52-week high of $244.80. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.73 and a current ratio of 1.15.

Elbit Systems (NASDAQ:ESLT – Get Rating) last issued its earnings results 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 business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.36 billion. Elbit Systems had a net margin of 3.61% and a return on equity of 11.25%. On average, analysts anticipate that Elbit Systems Ltd. will post 6.2 EPS for the current year.

Elbit Systems Announces Dividend

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

About Elbit Systems

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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.