Elbit Systems Ltd. (NASDAQ:ESLT) Shares Acquired by Creative Planning

Creative Planning lifted its position in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 32.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,814 shares of the aerospace company’s stock after buying an additional 938 shares during the quarter. Creative Planning’s holdings in Elbit Systems were worth $763,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Altshuler Shaham Ltd raised its stake in shares of Elbit Systems by 2.0% during the 2nd quarter. Altshuler Shaham Ltd now owns 912,307 shares of the aerospace company’s stock worth $161,177,000 after buying an additional 18,014 shares during the last quarter. Vanguard Group Inc. increased its position in Elbit Systems by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 830,505 shares of the aerospace company’s stock worth $174,597,000 after purchasing an additional 11,643 shares in the last quarter. Y.D. More Investments Ltd increased its position in Elbit Systems by 32,724.6% during the 2nd quarter. Y.D. More Investments Ltd now owns 403,742 shares of the aerospace company’s stock worth $71,329,000 after purchasing an additional 402,512 shares in the last quarter. Meitav Investment House Ltd. increased its position in Elbit Systems by 13.2% during the 2nd quarter. Meitav Investment House Ltd. now owns 238,396 shares of the aerospace company’s stock worth $42,117,000 after purchasing an additional 27,851 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in Elbit Systems by 3.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 53,378 shares of the aerospace company’s stock worth $9,428,000 after purchasing an additional 1,562 shares in the last quarter. Institutional investors and hedge funds own 17.88% of the company’s stock.

Elbit Systems Trading Up 0.3 %

Elbit Systems stock opened at $228.71 on Friday. The stock has a market cap of $10.17 billion, a PE ratio of 42.04 and a beta of 0.51. The stock has a 50-day moving average price of $204.61 and a 200 day moving average price of $195.75. Elbit Systems Ltd. has a 52 week low of $175.30 and a 52 week high of $231.26. The company has a current ratio of 1.13, a quick ratio of 0.63 and a debt-to-equity ratio of 0.10.

Elbit Systems (NASDAQ:ESLT) last posted its quarterly earnings data on Wednesday, August 14th. The aerospace company reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.31. The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.57 billion. Elbit Systems had a return on equity of 10.70% and a net margin of 3.85%. During the same quarter last year, the business posted $1.57 EPS. Equities research analysts predict that Elbit Systems Ltd. will post 7.8 earnings per share for the current fiscal year.

Elbit Systems Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Tuesday, October 15th were issued a $0.416 dividend. This represents a $1.66 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Tuesday, October 15th. Elbit Systems’s dividend payout ratio (DPR) is 30.51%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Elbit Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th.

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.