906 Shares in Elbit Systems Ltd. (NASDAQ:ESLT) Purchased by TIAA Trust National Association

TIAA Trust National Association bought a new stake in Elbit Systems Ltd. (NASDAQ:ESLT) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 906 shares of the aerospace company’s stock, valued at approximately $234,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of ESLT. Blue Trust Inc. grew its holdings in shares of Elbit Systems by 7.3% in the 4th quarter. Blue Trust Inc. now owns 987 shares of the aerospace company’s stock worth $255,000 after acquiring an additional 67 shares during the period. Smartleaf Asset Management LLC raised its holdings in Elbit Systems by 196.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 160 shares of the aerospace company’s stock worth $41,000 after purchasing an additional 106 shares during the last quarter. Signaturefd LLC boosted its position in Elbit Systems by 10.2% during the fourth quarter. Signaturefd LLC now owns 1,239 shares of the aerospace company’s stock worth $320,000 after purchasing an additional 115 shares in the last quarter. State Street Corp grew its holdings in Elbit Systems by 3.1% in the third quarter. State Street Corp now owns 4,534 shares of the aerospace company’s stock valued at $907,000 after purchasing an additional 136 shares during the last quarter. Finally, Sierra Ocean LLC purchased a new position in shares of Elbit Systems in the fourth quarter valued at $41,000. 17.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Elbit Systems from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th.

Elbit Systems Stock Down 1.2 %

Shares of NASDAQ ESLT opened at $387.86 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.15 and a quick ratio of 0.64. The firm’s 50-day moving average is $331.21 and its two-hundred day moving average is $268.13. Elbit Systems Ltd. has a 12-month low of $175.30 and a 12-month high of $420.00. The company has a market capitalization of $17.24 billion, a PE ratio of 66.30 and a beta of 0.53.

Elbit Systems (NASDAQ:ESLT) last posted its earnings results on Tuesday, March 18th. The aerospace company reported $2.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.71. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.78 billion. Elbit Systems had a return on equity of 11.34% and a net margin of 4.00%. Equities analysts anticipate 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 issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This is an increase from Elbit Systems’s previous quarterly dividend of $0.50. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.62%. Elbit Systems’s payout ratio is 27.72%.

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.