Y.D. More Investments Ltd Buys 300 Shares of Elbit Systems Ltd. (NASDAQ:ESLT)

Y.D. More Investments Ltd boosted its stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 60.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 800 shares of the aerospace company’s stock after purchasing an additional 300 shares during the quarter. Y.D. More Investments Ltd’s holdings in Elbit Systems were worth $171,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Adirondack Retirement Specialists Inc. lifted its holdings in shares of Elbit Systems by 1.9% during the third quarter. Adirondack Retirement Specialists Inc. now owns 49,242 shares of the aerospace company’s stock worth $9,749,000 after buying an additional 915 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Elbit Systems by 21.7% in the third quarter. Bank of New York Mellon Corp now owns 67,736 shares of the aerospace company’s stock valued at $13,410,000 after purchasing an additional 12,058 shares in the last quarter. Legal Advantage Investments Inc. raised its stake in shares of Elbit Systems by 0.8% in the third quarter. Legal Advantage Investments Inc. now owns 12,892 shares of the aerospace company’s stock valued at $2,552,000 after purchasing an additional 100 shares in the last quarter. Mackenzie Financial Corp raised its stake in shares of Elbit Systems by 3.4% in the third quarter. Mackenzie Financial Corp now owns 1,609 shares of the aerospace company’s stock valued at $327,000 after purchasing an additional 53 shares in the last quarter. Finally, Advisor Partners II LLC raised its stake in shares of Elbit Systems by 35.0% in the third quarter. Advisor Partners II LLC now owns 2,390 shares of the aerospace company’s stock valued at $473,000 after purchasing an additional 620 shares in the last quarter. Institutional investors own 17.88% of the company’s stock.

Elbit Systems Stock Performance

Shares of NASDAQ ESLT opened at $198.99 on Thursday. The business has a fifty day simple moving average of $206.45 and a 200 day simple moving average of $204.57. The company has a current ratio of 1.14, a quick ratio of 0.67 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $8.85 billion, a price-to-earnings ratio of 41.20 and a beta of 0.54. Elbit Systems Ltd. has a one year low of $183.80 and a one year high of $225.64.

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

Elbit Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 6th. Stockholders of record on Wednesday, April 24th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Tuesday, April 23rd. Elbit Systems’s payout ratio is presently 34.37%.

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.