Systematic Financial Management LP Sells 8,986 Shares of Elbit Systems Ltd. (NASDAQ:ESLT)

Systematic Financial Management LP lowered its position in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 12.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,336 shares of the aerospace company’s stock after selling 8,986 shares during the period. Systematic Financial Management LP owned 0.15% of Elbit Systems worth $16,861,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Laird Norton Wetherby Wealth Management LLC increased its stake in shares of Elbit Systems by 2.9% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 2,094 shares of the aerospace company’s stock worth $540,000 after purchasing an additional 60 shares during the period. Blue Trust Inc. increased its stake in Elbit Systems by 7.3% during the 4th quarter. Blue Trust Inc. now owns 987 shares of the aerospace company’s stock worth $255,000 after acquiring an additional 67 shares during the period. Prestige Wealth Management Group LLC increased its stake in Elbit Systems by 150.0% during the 4th quarter. Prestige Wealth Management Group LLC now owns 125 shares of the aerospace company’s stock worth $32,000 after acquiring an additional 75 shares during the period. Hurley Capital LLC bought a new position in Elbit Systems during the 4th quarter worth $26,000. Finally, Smartleaf Asset Management LLC increased its stake in Elbit Systems by 196.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 160 shares of the aerospace company’s stock worth $41,000 after acquiring an additional 106 shares during the period. Institutional investors own 17.88% of the company’s stock.

Elbit Systems Price Performance

Elbit Systems stock opened at $395.15 on Friday. The stock’s fifty day moving average price is $391.39 and its two-hundred day moving average price is $316.34. Elbit Systems Ltd. has a one year low of $175.30 and a one year 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. The firm has a market cap of $17.57 billion, a PE ratio of 67.55 and a beta of 0.31.

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

Elbit Systems Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Tuesday, April 22nd were issued a dividend of $0.60 per share. The ex-dividend date was Tuesday, April 22nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.61%. This is a boost from Elbit Systems’s previous quarterly dividend of $0.50. Elbit Systems’s payout ratio is 27.72%.

Wall Street Analysts Forecast Growth

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

About Elbit Systems

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.