First Trust Direct Indexing L.P. Has $656,000 Position in Elbit Systems Ltd. (NASDAQ:ESLT)

First Trust Direct Indexing L.P. cut its stake in Elbit Systems Ltd. (NASDAQ:ESLT) by 7.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,074 shares of the aerospace company’s stock after selling 242 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Elbit Systems were worth $656,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Clal Insurance Enterprises Holdings Ltd increased its position in Elbit Systems by 0.5% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,573,739 shares of the aerospace company’s stock worth $510,214,000 after purchasing an additional 13,532 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Elbit Systems by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 809,337 shares of the aerospace company’s stock valued at $160,233,000 after buying an additional 8,966 shares in the last quarter. Invesco Ltd. increased its holdings in Elbit Systems by 2.4% in the third quarter. Invesco Ltd. now owns 234,987 shares of the aerospace company’s stock worth $46,523,000 after buying an additional 5,458 shares during the last quarter. Meitav Investment House Ltd. raised its position in Elbit Systems by 4.7% during the fourth quarter. Meitav Investment House Ltd. now owns 224,549 shares of the aerospace company’s stock valued at $48,092,000 after acquiring an additional 10,168 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Elbit Systems by 87.8% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 108,591 shares of the aerospace company’s stock valued at $21,478,000 after acquiring an additional 50,777 shares during the last quarter. 17.88% of the stock is currently owned by hedge funds and other institutional investors.

Elbit Systems Stock Performance

ESLT stock opened at $202.33 on Friday. The firm has a 50 day moving average of $206.09 and a two-hundred day moving average of $204.67. Elbit Systems Ltd. has a 12 month low of $183.80 and a 12 month high of $225.64. The company has a market capitalization of $8.99 billion, a price-to-earnings ratio of 41.89 and a beta of 0.54. The company has a quick ratio of 0.67, a current ratio of 1.14 and a debt-to-equity ratio of 0.13.

Elbit Systems (NASDAQ:ESLT) last issued its quarterly earnings data on Tuesday, March 26th. The aerospace company reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.18. Elbit Systems had a net margin of 3.60% and a return on equity of 10.16%. The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the prior year, the company posted $1.68 earnings per share. As a group, equities analysts anticipate that Elbit Systems Ltd. will post 6.33 EPS for the current fiscal year.

Elbit Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, May 6th. Investors of record on Wednesday, April 24th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $2.00 annualized dividend and a yield of 0.99%. Elbit Systems’s dividend payout ratio (DPR) is currently 34.37%.

Elbit Systems Profile

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.