Elbit Systems Ltd. (NASDAQ:ESLT) Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 11.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,180 shares of the aerospace company’s stock after buying an additional 118 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Elbit Systems were worth $252,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Clal Insurance Enterprises Holdings Ltd grew its position in shares of Elbit Systems by 0.5% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,573,739 shares of the aerospace company’s stock worth $510,214,000 after buying an additional 13,532 shares in the last quarter. Vanguard Group Inc. lifted its stake in Elbit Systems by 1.1% during the third quarter. Vanguard Group Inc. now owns 809,337 shares of the aerospace company’s stock worth $160,233,000 after purchasing an additional 8,966 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Elbit Systems by 36.8% during the third quarter. JPMorgan Chase & Co. now owns 247,359 shares of the aerospace company’s stock worth $48,972,000 after purchasing an additional 66,589 shares during the last quarter. Invesco Ltd. lifted its stake in Elbit Systems by 2.4% during the third quarter. Invesco Ltd. now owns 234,987 shares of the aerospace company’s stock worth $46,523,000 after purchasing an additional 5,458 shares during the last quarter. Finally, Meitav Investment House Ltd. lifted its stake in Elbit Systems by 1.6% during the third quarter. Meitav Investment House Ltd. now owns 214,381 shares of the aerospace company’s stock worth $42,501,000 after purchasing an additional 3,361 shares during the last quarter. Institutional investors and hedge funds own 17.88% of the company’s stock.

Elbit Systems Stock Performance

Shares of ESLT opened at $201.49 on Friday. The business’s fifty day moving average price is $206.96 and its 200 day moving average price is $204.89. Elbit Systems Ltd. has a 12-month low of $173.01 and a 12-month high of $225.64. The stock has a market capitalization of $8.96 billion, a PE ratio of 41.72 and a beta of 0.55. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.14 and a quick ratio of 0.67.

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

Elbit Systems Announces Dividend

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