Henry James International Management Inc. Sells 8,601 Shares of Elbit Systems Ltd. $ESLT

Henry James International Management Inc. decreased its holdings in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 38.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,513 shares of the aerospace company’s stock after selling 8,601 shares during the quarter. Elbit Systems accounts for about 2.0% of Henry James International Management Inc.’s investment portfolio, making the stock its 13th biggest position. Henry James International Management Inc.’s holdings in Elbit Systems were worth $6,074,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Y.D. More Investments Ltd boosted its holdings in Elbit Systems by 35.1% during the 2nd quarter. Y.D. More Investments Ltd now owns 610,977 shares of the aerospace company’s stock valued at $271,438,000 after acquiring an additional 158,689 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Elbit Systems by 226.6% during the second quarter. JPMorgan Chase & Co. now owns 193,561 shares of the aerospace company’s stock worth $87,006,000 after purchasing an additional 134,300 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Elbit Systems by 27.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 471,839 shares of the aerospace company’s stock valued at $210,967,000 after purchasing an additional 101,083 shares during the period. Meitav Investment House Ltd. grew its holdings in shares of Elbit Systems by 27.7% in the second quarter. Meitav Investment House Ltd. now owns 378,223 shares of the aerospace company’s stock worth $168,600,000 after purchasing an additional 82,103 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Elbit Systems by 74.2% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 175,533 shares of the aerospace company’s stock worth $78,084,000 after purchasing an additional 74,754 shares during the last quarter. 17.88% of the stock is currently owned by hedge funds and other institutional investors.

Elbit Systems Stock Up 0.9%

Shares of NASDAQ ESLT opened at $515.24 on Friday. Elbit Systems Ltd. has a 12-month low of $251.26 and a 12-month high of $529.99. The stock’s fifty day simple moving average is $486.30 and its two-hundred day simple moving average is $468.12. The stock has a market capitalization of $22.90 billion, a PE ratio of 52.36, a price-to-earnings-growth ratio of 1.79 and a beta of 0.24. The company has a current ratio of 1.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06.

Elbit Systems (NASDAQ:ESLT) last released its quarterly earnings results on Tuesday, November 18th. The aerospace company reported $3.35 EPS for the quarter, topping the consensus estimate of $2.75 by $0.60. Elbit Systems had a return on equity of 15.04% and a net margin of 5.91%.The firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.99 billion. As a group, analysts expect that Elbit Systems Ltd. will post 8.05 EPS for the current fiscal year.

Elbit Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Monday, December 22nd will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Monday, December 22nd. Elbit Systems’s dividend payout ratio (DPR) is currently 22.87%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ESLT shares. Wall Street Zen cut shares of Elbit Systems from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Research lowered Elbit Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Elbit Systems in a research note on Monday, December 1st. Morgan Stanley started coverage on Elbit Systems in a research report on Thursday. They set an “equal weight” rating and a $531.00 target price for the company. Finally, Bank of America upped their target price on Elbit Systems from $500.00 to $540.00 and gave the stock a “buy” rating in a report on Tuesday, August 26th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $530.33.

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.