Legal Advantage Investments Inc. Has $3.88 Million Holdings in Elbit Systems Ltd. (NASDAQ:ESLT)

Legal Advantage Investments Inc. trimmed its position in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 2.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,030 shares of the aerospace company’s stock after selling 400 shares during the period. Elbit Systems makes up approximately 2.1% of Legal Advantage Investments Inc.’s investment portfolio, making the stock its 15th largest position. Legal Advantage Investments Inc.’s holdings in Elbit Systems were worth $3,879,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ESLT. Coastline Trust Co bought a new position in Elbit Systems during the 3rd quarter worth approximately $34,000. Point72 DIFC Ltd purchased a new position in Elbit Systems during the 2nd quarter worth $35,000. Morse Asset Management Inc bought a new stake in shares of Elbit Systems during the 3rd quarter worth $40,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Elbit Systems during the 3rd quarter worth $63,000. Finally, Avior Wealth Management LLC increased its stake in shares of Elbit Systems by 49.1% in the third quarter. Avior Wealth Management LLC now owns 480 shares of the aerospace company’s stock worth $96,000 after purchasing an additional 158 shares in the last quarter. 17.88% of the stock is currently owned by institutional investors and hedge funds.

Elbit Systems Price Performance

Shares of Elbit Systems stock opened at $297.82 on Tuesday. 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 business’s 50 day simple moving average is $258.81 and its two-hundred day simple moving average is $220.79. The stock has a market capitalization of $13.24 billion, a P/E ratio of 50.91 and a beta of 0.52. Elbit Systems Ltd. has a one year low of $175.30 and a one year high of $298.83.

Elbit Systems Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Monday, December 23rd were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, December 23rd. 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 0.67%. Elbit Systems’s payout ratio is currently 28.38%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Elbit Systems from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 20th.

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.