26,000 Shares in Elbit Systems Ltd. $ESLT Purchased by Nomura Holdings Inc.

Nomura Holdings Inc. purchased a new position in shares of Elbit Systems Ltd. (NASDAQ:ESLT) during the second quarter, Holdings Channel reports. The firm purchased 26,000 shares of the aerospace company’s stock, valued at approximately $11,687,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Elbit Systems by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 889,904 shares of the aerospace company’s stock worth $341,276,000 after buying an additional 15,552 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Elbit Systems by 23.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,889 shares of the aerospace company’s stock worth $1,492,000 after acquiring an additional 749 shares in the last quarter. National Bank of Canada FI raised its position in Elbit Systems by 8.6% during the first quarter. National Bank of Canada FI now owns 393 shares of the aerospace company’s stock worth $151,000 after acquiring an additional 31 shares during the period. Townsquare Capital LLC lifted its holdings in Elbit Systems by 5.3% during the first quarter. Townsquare Capital LLC now owns 878 shares of the aerospace company’s stock valued at $337,000 after purchasing an additional 44 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Elbit Systems in the first quarter valued at about $25,929,000. 17.88% of the stock is currently owned by hedge funds and other institutional investors.

Elbit Systems Price Performance

NASDAQ:ESLT opened at $515.24 on Monday. Elbit Systems Ltd. has a one year low of $251.26 and a one year high of $529.99. The stock has a market cap of $22.90 billion, a PE ratio of 52.36, a P/E/G ratio of 1.79 and a beta of 0.24. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 1.32. The stock has a 50 day moving average price of $486.30 and a 200 day moving average price of $469.22.

Elbit Systems (NASDAQ:ESLT) last released its quarterly earnings data on Tuesday, November 18th. The aerospace company reported $3.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.75 by $0.60. Elbit Systems had a return on equity of 15.04% and a net margin of 5.91%.The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.99 billion. Equities research analysts expect that Elbit Systems Ltd. will post 8.05 EPS for the current fiscal year.

Elbit Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Monday, December 22nd will be issued a $0.75 dividend. The ex-dividend date of this dividend is Monday, December 22nd. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.6%. Elbit Systems’s dividend payout ratio is currently 25.41%.

Wall Street Analysts Forecast Growth

ESLT has been the subject of several research analyst reports. JPMorgan Chase & Co. started coverage on shares of Elbit Systems in a research report on Tuesday, September 30th. They set a “neutral” rating and a $520.00 price target for the company. Zacks Research cut Elbit Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Elbit Systems in a research note on Monday, December 1st. Morgan Stanley initiated coverage on Elbit Systems in a research report on Thursday. They set an “equal weight” rating and a $531.00 price target for the company. Finally, Bank of America raised their price objective on Elbit Systems from $500.00 to $540.00 and gave the company a “buy” rating in a report on Tuesday, August 26th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $530.33.

About Elbit Systems

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 operates through Aerospace, C4I and Cyber, ISTAR and EW, Land, and Elbit Systems of America segments.