Oppenheimer & Co. Inc. Buys Shares of 1,050 Elbit Systems Ltd. (NASDAQ:ESLT)

Oppenheimer & Co. Inc. bought a new stake in Elbit Systems Ltd. (NASDAQ:ESLT) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,050 shares of the aerospace company’s stock, valued at approximately $210,000.

Several other large investors have also recently bought and sold shares of ESLT. Y.D. More Investments Ltd increased its stake in shares of Elbit Systems by 32,724.6% in the second quarter. Y.D. More Investments Ltd now owns 403,742 shares of the aerospace company’s stock valued at $71,329,000 after buying an additional 402,512 shares during the period. Meitav Investment House Ltd. increased its stake in shares of Elbit Systems by 41.3% in the third quarter. Meitav Investment House Ltd. now owns 336,836 shares of the aerospace company’s stock valued at $67,264,000 after buying an additional 98,440 shares during the period. Millennium Management LLC increased its stake in shares of Elbit Systems by 253.0% in the second quarter. Millennium Management LLC now owns 29,204 shares of the aerospace company’s stock valued at $5,158,000 after buying an additional 20,932 shares during the period. Tidal Investments LLC acquired a new stake in shares of Elbit Systems in the first quarter valued at about $3,888,000. Finally, Altshuler Shaham Ltd increased its stake in shares of Elbit Systems by 2.0% in the second quarter. Altshuler Shaham Ltd now owns 912,307 shares of the aerospace company’s stock valued at $161,177,000 after buying an additional 18,014 shares during the period. 17.88% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised Elbit Systems from a “buy” rating to a “strong-buy” rating in a research note on Wednesday.

Elbit Systems Trading Up 0.3 %

Shares of ESLT stock opened at $250.11 on Friday. The stock has a market cap of $11.12 billion, a price-to-earnings ratio of 42.75 and a beta of 0.51. The stock has a 50-day moving average of $216.10 and a 200-day moving average of $199.62. The company has a current ratio of 1.15, a quick ratio of 0.63 and a debt-to-equity ratio of 0.10. Elbit Systems Ltd. has a 1-year low of $175.30 and a 1-year high of $252.50.

Elbit Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Monday, December 23rd will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $2.00 annualized dividend and a yield of 0.80%. This is a boost from Elbit Systems’s previous quarterly dividend of $0.42. Elbit Systems’s dividend payout ratio (DPR) is currently 28.38%.

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.