MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Raises Stock Holdings in Elbit Systems Ltd. (NASDAQ:ESLT)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 26.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 62,474 shares of the aerospace company’s stock after acquiring an additional 12,891 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.14% of Elbit Systems worth $16,340,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ESLT. Laird Norton Wetherby Wealth Management LLC raised its stake in Elbit Systems by 2.9% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 2,094 shares of the aerospace company’s stock valued at $540,000 after purchasing an additional 60 shares in the last quarter. Blue Trust Inc. raised its position in shares of Elbit Systems by 7.3% during the 4th quarter. Blue Trust Inc. now owns 987 shares of the aerospace company’s stock valued at $255,000 after buying an additional 67 shares in the last quarter. Prestige Wealth Management Group LLC lifted its holdings in shares of Elbit Systems by 150.0% in the 4th quarter. Prestige Wealth Management Group LLC now owns 125 shares of the aerospace company’s stock valued at $32,000 after acquiring an additional 75 shares during the last quarter. Hurley Capital LLC bought a new position in shares of Elbit Systems in the 4th quarter valued at about $26,000. Finally, Smartleaf Asset Management LLC grew its position in Elbit Systems by 196.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 160 shares of the aerospace company’s stock worth $41,000 after acquiring an additional 106 shares in the last quarter. 17.88% of the stock is owned by hedge funds and other institutional investors.

Elbit Systems Stock Up 3.2%

Shares of ESLT opened at $389.89 on Friday. The company has a quick ratio of 0.64, a current ratio of 1.15 and a debt-to-equity ratio of 0.10. The business has a fifty day moving average of $390.54 and a 200 day moving average of $314.58. The company has a market cap of $17.33 billion, a PE ratio of 66.65 and a beta of 0.31. Elbit Systems Ltd. has a 52-week low of $175.30 and a 52-week high of $426.40.

Elbit Systems (NASDAQ:ESLT) last released its earnings results on Tuesday, March 18th. The aerospace company reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.71. The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.78 billion. Elbit Systems had a net margin of 4.00% and a return on equity of 11.34%. On average, sell-side analysts expect that Elbit Systems Ltd. will post 8.05 EPS for the current year.

Elbit Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Tuesday, April 22nd were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.62%. The ex-dividend date was Tuesday, April 22nd. This is a positive change from Elbit Systems’s previous quarterly dividend of $0.50. Elbit Systems’s payout ratio is 27.72%.

Analyst Ratings Changes

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

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.