Signaturefd LLC Grows Stock Holdings in Elbit Systems Ltd. (NASDAQ:ESLT)

Signaturefd LLC raised its position in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 24.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,124 shares of the aerospace company’s stock after purchasing an additional 224 shares during the period. Signaturefd LLC’s holdings in Elbit Systems were worth $225,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ESLT. Vanguard Group Inc. raised its position in Elbit Systems by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 818,862 shares of the aerospace company’s stock valued at $174,622,000 after purchasing an additional 9,525 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of Elbit Systems during the first quarter valued at about $10,893,000. First Trust Direct Indexing L.P. grew its stake in shares of Elbit Systems by 6.6% during the first quarter. First Trust Direct Indexing L.P. now owns 3,278 shares of the aerospace company’s stock valued at $689,000 after buying an additional 204 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Elbit Systems by 8.8% during the first quarter. Sequoia Financial Advisors LLC now owns 1,284 shares of the aerospace company’s stock valued at $270,000 after buying an additional 104 shares during the last quarter. Finally, Quantbot Technologies LP grew its stake in shares of Elbit Systems by 698.0% during the first quarter. Quantbot Technologies LP now owns 1,213 shares of the aerospace company’s stock valued at $255,000 after buying an additional 1,061 shares during the last quarter. Hedge funds and other institutional investors own 17.88% of the company’s stock.

Elbit Systems Stock Up 0.9 %

Shares of NASDAQ:ESLT opened at $210.33 on Friday. The stock’s 50-day moving average price is $201.75 and its 200-day moving average price is $194.72. Elbit Systems Ltd. has a 12-month low of $175.30 and a 12-month high of $225.64. The stock has a market capitalization of $9.35 billion, a P/E ratio of 38.66 and a beta of 0.53. The company has a current ratio of 1.13, a quick ratio of 0.63 and a debt-to-equity ratio of 0.10.

Elbit Systems (NASDAQ:ESLT) last posted its earnings results on Wednesday, August 14th. The aerospace company reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.31. The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Elbit Systems had a return on equity of 10.70% and a net margin of 3.85%. During the same period last year, the firm earned $1.57 earnings per share. On average, equities analysts anticipate that Elbit Systems Ltd. will post 7.8 earnings per share for the current year.

Elbit Systems Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Tuesday, October 15th will be paid a $0.416 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $1.66 annualized dividend and a dividend yield of 0.79%. Elbit Systems’s payout ratio is presently 30.51%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Elbit Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th.

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.