Systematic Financial Management LP Boosts Stock Position in Elbit Systems Ltd. (NASDAQ:ESLT)

Systematic Financial Management LP grew its stake in Elbit Systems Ltd. (NASDAQ:ESLT) by 12.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 74,322 shares of the aerospace company’s stock after purchasing an additional 8,000 shares during the period. Systematic Financial Management LP’s holdings in Elbit Systems were worth $14,872,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Y.D. More Investments Ltd grew its position in Elbit Systems by 32,724.6% in the second quarter. Y.D. More Investments Ltd now owns 403,742 shares of the aerospace company’s stock worth $71,329,000 after acquiring an additional 402,512 shares during the period. Meitav Investment House Ltd. grew its position in Elbit Systems by 41.3% in the third quarter. Meitav Investment House Ltd. now owns 336,836 shares of the aerospace company’s stock worth $67,264,000 after acquiring an additional 98,440 shares during the period. Millennium Management LLC grew its position in Elbit Systems by 253.0% in the second quarter. Millennium Management LLC now owns 29,204 shares of the aerospace company’s stock worth $5,158,000 after acquiring an additional 20,932 shares during the period. Altshuler Shaham Ltd grew its position in Elbit Systems by 2.0% in the second quarter. Altshuler Shaham Ltd now owns 912,307 shares of the aerospace company’s stock worth $161,177,000 after acquiring an additional 18,014 shares during the period. Finally, Marshall Wace LLP purchased a new position in Elbit Systems in the second quarter worth approximately $2,181,000. 17.88% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Elbit Systems Trading Up 1.2 %

ESLT opened at $250.50 on Friday. Elbit Systems Ltd. has a 52 week low of $175.30 and a 52 week high of $255.02. The business has a fifty day simple moving average of $225.93 and a 200-day simple moving average of $202.65. The firm has a market cap of $11.14 billion, a P/E ratio of 42.82 and a beta of 0.52. The company has a quick ratio of 0.64, a current ratio of 1.15 and a debt-to-equity ratio of 0.10.

Elbit Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Monday, December 23rd will be given a dividend of $0.50 per share. 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 0.80%. The ex-dividend date of this dividend is Monday, December 23rd. Elbit Systems’s dividend payout ratio (DPR) is currently 28.38%.

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.