2,291 Shares in Elbit Systems Ltd. (NASDAQ:ESLT) Purchased by Sig Brokerage LP

Sig Brokerage LP purchased a new position in shares of Elbit Systems Ltd. (NASDAQ:ESLT) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,291 shares of the aerospace company’s stock, valued at approximately $591,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hurley Capital LLC purchased a new position in Elbit Systems in the fourth quarter valued at approximately $26,000. Prestige Wealth Management Group LLC grew its position in shares of Elbit Systems by 150.0% during the fourth quarter. Prestige Wealth Management Group LLC now owns 125 shares of the aerospace company’s stock worth $32,000 after buying an additional 75 shares in the last quarter. Sierra Ocean LLC acquired a new position in Elbit Systems in the fourth quarter worth $41,000. Smartleaf Asset Management LLC boosted its holdings in Elbit Systems by 196.3% in the fourth 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 period. Finally, Tower Research Capital LLC TRC acquired a new position in Elbit Systems in the fourth quarter worth $73,000. 17.88% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Elbit Systems from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th.

Elbit Systems Trading Up 3.2%

NASDAQ:ESLT opened at $389.89 on Friday. The stock has a market cap of $17.33 billion, a PE ratio of 66.65 and a beta of 0.31. The stock’s 50-day moving average is $390.54 and its two-hundred day moving average is $314.58. Elbit Systems Ltd. has a fifty-two week low of $175.30 and a fifty-two week high of $426.40. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.15 and a quick ratio of 0.64.

Elbit Systems (NASDAQ:ESLT) last announced its earnings results on Tuesday, March 18th. The aerospace company reported $2.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.71. The firm had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Elbit Systems had a return on equity of 11.34% and a net margin of 4.00%. As a group, equities research analysts forecast that Elbit Systems Ltd. will post 8.05 earnings per share for the current fiscal year.

Elbit Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Tuesday, April 22nd were paid a dividend of $0.60 per share. This is a positive change from Elbit Systems’s previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend was Tuesday, April 22nd. Elbit Systems’s dividend 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.