Fmr LLC Acquires 747 Shares of Elbit Systems Ltd (NASDAQ:ESLT)

FMR LLC boosted its stake in Elbit Systems Ltd (NASDAQ:ESLT) by 0.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 710,846 shares of the aerospace company’s stock after purchasing an additional 747 shares during the quarter. FMR LLC owned approximately 1.66% of Elbit Systems worth $91,697,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bremer Trust National Association bought a new position in Elbit Systems in the 4th quarter worth about $30,000. Bremer Bank National Association bought a new position in Elbit Systems in the 1st quarter worth about $34,000. Penserra Capital Management LLC boosted its stake in Elbit Systems by 50.0% in the 1st quarter. Penserra Capital Management LLC now owns 354 shares of the aerospace company’s stock worth $45,000 after purchasing an additional 118 shares during the period. PRW Wealth Management LLC bought a new position in Elbit Systems in the 4th quarter worth about $63,000. Finally, SG Americas Securities LLC boosted its stake in Elbit Systems by 54.8% in the 4th quarter. SG Americas Securities LLC now owns 1,238 shares of the aerospace company’s stock worth $141,000 after purchasing an additional 438 shares during the period. Institutional investors and hedge funds own 7.94% of the company’s stock.

Several brokerages have commented on ESLT. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. BidaskClub downgraded Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Tuesday, July 9th.

Shares of NASDAQ:ESLT traded down $0.31 on Friday, hitting $152.34. The company’s stock had a trading volume of 5,372 shares, compared to its average volume of 12,963. The firm’s 50-day moving average price is $151.47. Elbit Systems Ltd has a 1 year low of $109.81 and a 1 year high of $160.00. The stock has a market cap of $6.51 billion, a P/E ratio of 21.28 and a beta of 0.79. The company has a quick ratio of 0.73, a current ratio of 1.10 and a debt-to-equity ratio of 0.26.

Elbit Systems (NASDAQ:ESLT) last released its quarterly earnings results on Tuesday, May 28th. The aerospace company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.46. Elbit Systems had a return on equity of 14.75% and a net margin of 5.34%. The firm had revenue of $1.02 billion for the quarter.

The firm also recently declared a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Friday, June 7th were issued a $0.44 dividend. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $1.76 annualized dividend and a dividend yield of 1.16%. Elbit Systems’s payout ratio is currently 24.58%.

Elbit Systems Company Profile

Elbit Systems Ltd. develops and supplies a range of airborne, land, and naval systems and products for defense, homeland security, and commercial aviation applications worldwide. The company offers military aircraft and helicopter systems; commercial aviation systems and aero structures; unmanned aircraft systems and unmanned surface vessels; electro-optic and countermeasures systems; land vehicle systems; munitions; command, control, communications, computer, intelligence, surveillance, and reconnaissance and cyber systems; electronic warfare and signal intelligence systems; and commercial cyber security products.

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Institutional Ownership by Quarter for Elbit Systems (NASDAQ:ESLT)

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