Commonwealth Equity Services LLC Takes Position in Elbit Systems Ltd. (NASDAQ:ESLT)

Commonwealth Equity Services LLC acquired a new stake in Elbit Systems Ltd. (NASDAQ:ESLT – Get Rating) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,561 shares of the aerospace company’s stock, valued at approximately $1,076,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Ronald Blue Trust Inc. grew its position in shares of Elbit Systems by 182.2% in the fourth quarter. Ronald Blue Trust Inc. now owns 127 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 82 shares in the last quarter. Y.D. More Investments Ltd acquired a new position in Elbit Systems in the fourth quarter valued at approximately $33,000. Spire Wealth Management acquired a new position in Elbit Systems in the fourth quarter valued at approximately $39,000. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Elbit Systems in the third quarter valued at approximately $61,000. Finally, Quadrant Capital Group LLC lifted its holdings in Elbit Systems by 45.0% in the third quarter. Quadrant Capital Group LLC now owns 332 shares of the aerospace company’s stock valued at $63,000 after acquiring an additional 103 shares during the last quarter. Institutional investors and hedge funds own 18.83% of the company’s stock.

Elbit Systems Stock Down 0.2 %

Shares of NASDAQ ESLT opened at $207.12 on Monday. The stock has a market cap of $9.17 billion, a P/E ratio of 33.51 and a beta of 0.58. The company has a current ratio of 1.18, a quick ratio of 0.72 and a debt-to-equity ratio of 0.25. Elbit Systems Ltd. has a 12-month low of $162.01 and a 12-month high of $244.80. The business’s fifty day simple moving average is $181.22 and its 200-day simple moving average is $176.41.

Elbit Systems (NASDAQ:ESLT – Get Rating) last posted its earnings results on Tuesday, March 28th. The aerospace company reported $1.68 EPS for the quarter, missing the consensus estimate of $1.86 by ($0.18). Elbit Systems had a net margin of 5.00% and a return on equity of 10.26%. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.49 billion. As a group, equities analysts predict that Elbit Systems Ltd. will post 7.65 EPS for the current fiscal year.

Elbit Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 1st. Investors of record on Tuesday, April 18th were given a $0.50 dividend. The ex-dividend date of this dividend was Monday, April 17th. This represents a $2.00 dividend on an annualized basis and a yield of 0.97%. Elbit Systems’s payout ratio is currently 26.86%.

Analyst Ratings Changes

A number of research analysts recently commented on ESLT shares. StockNews.com cut Elbit Systems from a “buy” rating to a “hold” rating in a report on Monday, May 15th. TheStreet upgraded Elbit Systems from a “c+” rating to a “b-” rating in a research note on Tuesday, March 14th.

About Elbit Systems

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Elbit Systems Ltd. engages in the defense and homeland security sector. It develops and supplies airborne, land and naval systems and products for defense, homeland security, and commercial applications. The firm also provides training and support services. The company was founded in 1996 and is headquartered in Haifa, Israel.