Elbit Systems Ltd. (NASDAQ:ESLT) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP cut its holdings in Elbit Systems Ltd. (NASDAQ:ESLT) by 32.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,160 shares of the aerospace company’s stock after selling 2,000 shares during the period. Two Sigma Advisers LP’s holdings in Elbit Systems were worth $1,074,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Elbit Systems by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 874,352 shares of the aerospace company’s stock valued at $229,268,000 after acquiring an additional 10,215 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Elbit Systems by 44.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,140 shares of the aerospace company’s stock worth $810,000 after purchasing an additional 961 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Elbit Systems during the 4th quarter worth approximately $1,999,000. Bank of New York Mellon Corp lifted its position in shares of Elbit Systems by 5.3% during the 4th quarter. Bank of New York Mellon Corp now owns 45,789 shares of the aerospace company’s stock worth $11,817,000 after buying an additional 2,317 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Elbit Systems by 13.1% in the 4th quarter. Invesco Ltd. now owns 338,256 shares of the aerospace company’s stock valued at $87,294,000 after buying an additional 39,095 shares in the last quarter. 17.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Elbit Systems from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th.

Elbit Systems Stock Performance

Shares of ESLT stock opened at $409.14 on Friday. The stock’s 50-day moving average is $392.18 and its two-hundred day moving average is $327.49. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.64 and a current ratio of 1.15. Elbit Systems Ltd. has a 1 year low of $175.30 and a 1 year high of $426.40. The firm has a market cap of $18.19 billion, a price-to-earnings ratio of 69.94 and a beta of 0.31.

Elbit Systems (NASDAQ:ESLT) last released its quarterly earnings results on Tuesday, May 20th. The aerospace company reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.27. Elbit Systems had a return on equity of 11.34% and a net margin of 4.00%. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter last year, the business posted $1.81 EPS. Analysts predict that Elbit Systems Ltd. will post 8.05 earnings per share for the current year.

Elbit Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Tuesday, June 24th will be given a $0.60 dividend. The ex-dividend date is Tuesday, June 24th. This represents a $2.40 annualized dividend and a yield of 0.59%. Elbit Systems’s dividend payout ratio (DPR) is 25.25%.

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.