Elbit Systems Ltd. (NASDAQ:ESLT) Holdings Raised by Voya Investment Management LLC

Voya Investment Management LLC increased its position in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 52.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,319 shares of the aerospace company’s stock after purchasing an additional 14,612 shares during the quarter. Voya Investment Management LLC owned 0.10% of Elbit Systems worth $11,069,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Hurley Capital LLC bought a new position in shares of Elbit Systems in the 4th quarter worth about $26,000. Prestige Wealth Management Group LLC boosted its stake in Elbit Systems by 150.0% in the fourth quarter. Prestige Wealth Management Group LLC now owns 125 shares of the aerospace company’s stock valued at $32,000 after acquiring an additional 75 shares during the period. Morse Asset Management Inc bought a new position in shares of Elbit Systems during the third quarter valued at approximately $40,000. Sierra Ocean LLC acquired a new stake in shares of Elbit Systems during the 4th quarter worth approximately $41,000. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Elbit Systems by 196.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 160 shares of the aerospace company’s stock worth $41,000 after purchasing an additional 106 shares during the last quarter. Institutional investors and hedge funds own 17.88% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Elbit Systems from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th.

Elbit Systems Trading Up 1.7 %

Shares of NASDAQ:ESLT opened at $386.00 on Tuesday. Elbit Systems Ltd. has a fifty-two week low of $175.30 and a fifty-two week high of $420.00. The company has a quick ratio of 0.64, a current ratio of 1.15 and a debt-to-equity ratio of 0.10. The company has a market cap of $17.16 billion, a PE ratio of 65.98 and a beta of 0.32. The company’s 50-day moving average price is $370.84 and its 200 day moving average price is $299.04.

Elbit Systems (NASDAQ:ESLT) last issued its quarterly earnings data on Tuesday, March 18th. The aerospace company reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.71. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.78 billion. Elbit Systems had a return on equity of 11.34% and a net margin of 4.00%. Sell-side analysts anticipate that Elbit Systems Ltd. will post 8.05 earnings per share for the current year.

Elbit Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Tuesday, April 22nd will be paid a dividend of $0.60 per share. This is a boost from Elbit Systems’s previous quarterly dividend of $0.50. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date is Tuesday, April 22nd. Elbit Systems’s payout ratio is currently 27.72%.

Elbit Systems Company 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.