Elbit Systems Ltd. (NASDAQ:ESLT) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. lessened its stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 0.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,341 shares of the aerospace company’s stock after selling 61 shares during the period. Advisors Asset Management Inc.’s holdings in Elbit Systems were worth $3,185,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of ESLT. Oppenheimer & Co. Inc. acquired a new position in shares of Elbit Systems during the 3rd quarter worth about $210,000. Swiss National Bank grew its stake in Elbit Systems by 0.5% during the 3rd quarter. Swiss National Bank now owns 79,626 shares of the aerospace company’s stock valued at $15,896,000 after acquiring an additional 368 shares in the last quarter. Avior Wealth Management LLC grew 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 acquiring an additional 158 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Elbit Systems by 57.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,179 shares of the aerospace company’s stock valued at $436,000 after acquiring an additional 796 shares in the last quarter. Finally, Cerity Partners LLC grew its stake in Elbit Systems by 22.5% during the 3rd quarter. Cerity Partners LLC now owns 3,158 shares of the aerospace company’s stock valued at $632,000 after acquiring an additional 579 shares in the last quarter. Institutional investors and hedge funds own 17.88% of the company’s stock.

Elbit Systems Stock Down 0.5 %

Shares of NASDAQ ESLT opened at $410.83 on Friday. Elbit Systems Ltd. has a 12-month low of $175.30 and a 12-month high of $420.00. The stock has a market cap of $18.26 billion, a PE ratio of 70.23 and a beta of 0.53. The company has a current ratio of 1.15, a quick ratio of 0.64 and a debt-to-equity ratio of 0.10. The company has a 50-day moving average of $321.05 and a 200 day moving average of $261.38.

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

Elbit Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Tuesday, April 22nd will be paid a $0.60 dividend. This is a boost from Elbit Systems’s previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, April 22nd. This represents a $2.40 annualized dividend and a dividend yield of 0.58%. Elbit Systems’s dividend payout ratio is 27.72%.

Wall Street Analyst Weigh In

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 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.