BNP Paribas Financial Markets Acquires 1,690 Shares of Elbit Systems Ltd. (NASDAQ:ESLT)

BNP Paribas Financial Markets boosted its stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 99.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,390 shares of the aerospace company’s stock after acquiring an additional 1,690 shares during the quarter. BNP Paribas Financial Markets’ holdings in Elbit Systems were worth $678,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Bank of Montreal Can grew its stake in shares of Elbit Systems by 1.7% during the third quarter. Bank of Montreal Can now owns 10,351 shares of the aerospace company’s stock valued at $2,071,000 after buying an additional 169 shares during the last quarter. Cerity Partners LLC increased its stake in Elbit Systems by 22.5% in the third quarter. Cerity Partners LLC now owns 3,158 shares of the aerospace company’s stock worth $632,000 after purchasing an additional 579 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Elbit Systems by 57.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,179 shares of the aerospace company’s stock worth $436,000 after purchasing an additional 796 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Elbit Systems by 0.7% in the third quarter. Advisors Asset Management Inc. now owns 12,402 shares of the aerospace company’s stock worth $2,482,000 after purchasing an additional 92 shares during the last quarter. Finally, Avior Wealth Management LLC increased its stake in Elbit Systems by 49.1% in the 3rd quarter. Avior Wealth Management LLC now owns 480 shares of the aerospace company’s stock worth $96,000 after buying an additional 158 shares during the period. 17.88% of the stock is currently owned by hedge funds and other institutional investors.

Elbit Systems Stock Up 1.3 %

NASDAQ:ESLT opened at $254.72 on Friday. The company’s 50-day simple moving average is $230.90 and its 200-day simple moving average is $204.45. 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 fifty-two week low of $175.30 and a fifty-two week high of $255.02. The stock has a market capitalization of $11.32 billion, a P/E ratio of 43.54 and a beta of 0.52.

Elbit Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Monday, December 23rd will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Monday, December 23rd. This is an increase from Elbit Systems’s previous quarterly dividend of $0.42. Elbit Systems’s payout ratio is currently 28.38%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Elbit Systems from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 20th.

Elbit Systems Company 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.