Heard Capital LLC Raises Stock Holdings in Elbit Systems Ltd. (NASDAQ:ESLT)

Heard Capital LLC increased its position in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 4.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 218,392 shares of the aerospace company’s stock after buying an additional 10,070 shares during the period. Elbit Systems comprises approximately 2.4% of Heard Capital LLC’s holdings, making the stock its 14th biggest holding. Heard Capital LLC owned about 0.49% of Elbit Systems worth $43,700,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in Elbit Systems by 368.6% during the second quarter. Blue Trust Inc. now owns 164 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 129 shares during the period. Coastline Trust Co acquired a new position in shares of Elbit Systems during the 3rd quarter worth about $34,000. Point72 DIFC Ltd bought a new stake in shares of Elbit Systems in the 2nd quarter worth approximately $35,000. Avior Wealth Management LLC increased its stake in Elbit Systems by 49.1% during the 3rd quarter. Avior Wealth Management LLC now owns 480 shares of the aerospace company’s stock valued at $96,000 after purchasing an additional 158 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Elbit Systems in the 2nd quarter worth approximately $143,000. Institutional investors own 17.88% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Elbit Systems from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 20th.

Elbit Systems Stock Performance

Shares of ESLT stock opened at $244.88 on Tuesday. The company has a market cap of $10.88 billion, a PE ratio of 41.86 and a beta of 0.52. The company’s fifty day simple moving average is $221.59 and its 200-day simple moving average is $201.34. Elbit Systems Ltd. has a 52 week low of $175.30 and a 52 week high of $255.02. The company has a current ratio of 1.15, a quick ratio of 0.64 and a debt-to-equity ratio of 0.10.

Elbit Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Monday, December 23rd will be given a $0.50 dividend. This is a positive change from Elbit Systems’s previous quarterly dividend of $0.42. This represents a $2.00 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Monday, December 23rd. Elbit Systems’s dividend payout ratio (DPR) is currently 28.38%.

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.