Bfsg LLC Lowers Stock Position in Elbit Systems Ltd. (NASDAQ:ESLT)

Bfsg LLC decreased its stake in Elbit Systems Ltd. (NASDAQ:ESLT) by 0.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,184 shares of the aerospace company’s stock after selling 173 shares during the period. Bfsg LLC’s holdings in Elbit Systems were worth $4,239,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. increased its stake in Elbit Systems by 368.6% in the second quarter. Blue Trust Inc. now owns 164 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 129 shares during the last quarter. Point72 DIFC Ltd bought a new position in shares of Elbit Systems during the 2nd quarter valued at about $35,000. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Elbit Systems by 56.8% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 232 shares of the aerospace company’s stock valued at $49,000 after buying an additional 84 shares in the last quarter. Janiczek Wealth Management LLC raised its holdings in shares of Elbit Systems by 53.8% during the 1st quarter. Janiczek Wealth Management LLC now owns 409 shares of the aerospace company’s stock valued at $86,000 after buying an additional 143 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Elbit Systems in the 2nd quarter worth approximately $143,000. Hedge funds and other institutional investors own 17.88% of the company’s stock.

Elbit Systems Stock Up 0.3 %

Shares of Elbit Systems stock opened at $209.80 on Thursday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.63 and a current ratio of 1.13. Elbit Systems Ltd. has a 52-week low of $175.30 and a 52-week high of $225.64. The company’s 50 day moving average price is $199.38 and its 200-day moving average price is $194.43. The stock has a market capitalization of $9.33 billion, a price-to-earnings ratio of 41.30 and a beta of 0.53.

Elbit Systems (NASDAQ:ESLT) last posted its quarterly earnings data on Wednesday, August 14th. The aerospace company reported $2.08 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.31. Elbit Systems had a return on equity of 10.70% and a net margin of 3.85%. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the previous year, the firm posted $1.57 EPS. Equities research analysts forecast that Elbit Systems Ltd. will post 7.8 EPS for the current year.

Elbit Systems Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Tuesday, October 15th will be paid a $0.416 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $1.66 annualized dividend and a dividend yield of 0.79%. Elbit Systems’s payout ratio is 32.68%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Elbit Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th.

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.