US Bancorp DE Sells 217 Shares of Elbit Systems Ltd. (NASDAQ:ESLT)

US Bancorp DE trimmed its position in Elbit Systems Ltd. (NASDAQ:ESLT – Get Rating) by 8.1% during the third quarter, HoldingsChannel.com reports. The firm owned 2,472 shares of the aerospace company’s stock after selling 217 shares during the quarter. US Bancorp DE’s holdings in Elbit Systems were worth $471,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Achmea Investment Management B.V. bought a new stake in shares of Elbit Systems in the third quarter valued at about $2,513,000. Wipfli Financial Advisors LLC bought a new stake in shares of Elbit Systems in the third quarter valued at about $34,000. Raymond James & Associates lifted its holdings in shares of Elbit Systems by 11.6% in the third quarter. Raymond James & Associates now owns 11,892 shares of the aerospace company’s stock valued at $2,262,000 after purchasing an additional 1,240 shares in the last quarter. Paradiem LLC bought a new stake in shares of Elbit Systems in the third quarter valued at about $376,000. Finally, Banque Cantonale Vaudoise bought a new stake in shares of Elbit Systems in the third quarter valued at about $43,000. 18.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ESLT has been the topic of several analyst reports. TheStreet lowered Elbit Systems from a “b” rating to a “c+” rating in a report on Tuesday, November 29th. StockNews.com upgraded Elbit Systems from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 24th.

Elbit Systems Stock Performance

ESLT opened at $170.42 on Monday. Elbit Systems Ltd. has a 52-week low of $159.00 and a 52-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 has a debt-to-equity ratio of 0.30, a quick ratio of 0.73 and a current ratio of 1.15. The business’s 50-day simple moving average is $174.34 and its 200 day simple moving average is $197.86.

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

Elbit Systems Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend was Friday, December 23rd. Elbit Systems’s dividend payout ratio (DPR) is presently 37.30%.

Elbit Systems Company Profile

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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.