Bank of Montreal Can Has $2.07 Million Stake in Elbit Systems Ltd. (NASDAQ:ESLT)

Bank of Montreal Can lifted its position in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 1.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,351 shares of the aerospace company’s stock after buying an additional 169 shares during the quarter. Bank of Montreal Can’s holdings in Elbit Systems were worth $2,071,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Blue Trust Inc. raised its position in shares of Elbit Systems by 368.6% in the 2nd quarter. Blue Trust Inc. now owns 164 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 129 shares in the last quarter. Coastline Trust Co acquired a new stake in Elbit Systems during the third quarter worth approximately $34,000. Point72 DIFC Ltd bought a new stake in Elbit Systems in the second quarter worth approximately $35,000. Avior Wealth Management LLC lifted its stake in Elbit Systems by 49.1% in the third quarter. Avior Wealth Management LLC now owns 480 shares of the aerospace company’s stock valued at $96,000 after buying an additional 158 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Elbit Systems in the 2nd quarter valued at $143,000. Institutional investors own 17.88% of the company’s stock.

Elbit Systems Price Performance

ESLT stock opened at $250.50 on Friday. Elbit Systems Ltd. has a 1 year low of $175.30 and a 1 year high of $255.02. The stock has a market capitalization of $11.14 billion, a PE ratio of 42.82 and a beta of 0.52. The company’s 50-day moving average is $224.84 and its 200-day moving average is $202.31. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.15 and a quick ratio of 0.64.

Elbit Systems Increases Dividend

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

Analyst Ratings Changes

Separately, StockNews.com raised shares of Elbit Systems from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 20th.

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.