Hunter Associates Investment Management LLC Cuts Holdings in Elbit Systems Ltd. (NASDAQ:ESLT)

Hunter Associates Investment Management LLC trimmed its holdings in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 21.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,625 shares of the aerospace company’s stock after selling 450 shares during the quarter. Hunter Associates Investment Management LLC’s holdings in Elbit Systems were worth $346,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ESLT. Allworth Financial LP boosted its stake in Elbit Systems by 1,566.7% during the 3rd quarter. Allworth Financial LP now owns 200 shares of the aerospace company’s stock valued at $40,000 after purchasing an additional 188 shares during the last quarter. Hoey Investments Inc. purchased a new position in shares of Elbit Systems in the 3rd quarter worth $49,000. Lazard Asset Management LLC purchased a new position in shares of Elbit Systems in the 2nd quarter worth $53,000. Tower Research Capital LLC TRC boosted its stake in shares of Elbit Systems by 30.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 324 shares of the aerospace company’s stock worth $68,000 after buying an additional 75 shares during the last quarter. Finally, Y.D. More Investments Ltd purchased a new position in shares of Elbit Systems in the 3rd quarter worth $99,000. 17.88% of the stock is currently owned by hedge funds and other institutional investors.

Elbit Systems Stock Performance

Shares of ESLT stock traded up $1.19 on Friday, reaching $201.49. The stock had a trading volume of 8,154 shares, compared to its average volume of 20,084. The stock has a market cap of $8.96 billion, a P/E ratio of 41.72 and a beta of 0.55. Elbit Systems Ltd. has a 1 year low of $173.01 and a 1 year high of $225.64. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.67 and a current ratio of 1.14. The company has a 50 day simple moving average of $206.96 and a 200 day simple moving average of $204.89.

Elbit Systems (NASDAQ:ESLT) last released its quarterly earnings results on Tuesday, March 26th. The aerospace company reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.18. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.53 billion. Elbit Systems had a return on equity of 10.16% and a net margin of 3.60%. During the same period last year, the business posted $1.68 EPS. Equities research analysts expect that Elbit Systems Ltd. will post 6.33 EPS for the current year.

Elbit Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 6th. Investors of record on Wednesday, April 24th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $2.00 annualized dividend and a yield of 0.99%. Elbit Systems’s dividend payout ratio (DPR) is presently 34.37%.

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.