State Street Corp Raises Stake in Elbit Systems Ltd. (NASDAQ:ESLT)

State Street Corp grew its holdings in Elbit Systems Ltd. (NASDAQ:ESLT) by 3.1% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 4,534 shares of the aerospace company’s stock after buying an additional 136 shares during the period. State Street Corp’s holdings in Elbit Systems were worth $907,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Stifel Financial Corp raised its stake in Elbit Systems by 50.3% during the 3rd quarter. Stifel Financial Corp now owns 10,531 shares of the aerospace company’s stock valued at $2,107,000 after acquiring an additional 3,524 shares during the last quarter. Systematic Financial Management LP raised its stake in shares of Elbit Systems by 12.1% during the third quarter. Systematic Financial Management LP now owns 74,322 shares of the aerospace company’s stock worth $14,872,000 after purchasing an additional 8,000 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Elbit Systems during the third quarter worth $1,519,000. Quantinno Capital Management LP lifted its holdings in shares of Elbit Systems by 17.8% during the third quarter. Quantinno Capital Management LP now owns 8,356 shares of the aerospace company’s stock worth $1,668,000 after purchasing an additional 1,260 shares during the period. Finally, Point72 Asset Management L.P. grew its position in Elbit Systems by 44.7% in the 3rd quarter. Point72 Asset Management L.P. now owns 6,800 shares of the aerospace company’s stock valued at $1,361,000 after buying an additional 2,100 shares during the last quarter. Institutional investors and hedge funds own 17.88% of the company’s stock.

Analyst Upgrades and Downgrades

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

Elbit Systems Price Performance

Shares of NASDAQ:ESLT opened at $262.38 on Friday. Elbit Systems Ltd. has a 52 week low of $175.30 and a 52 week high of $266.35. The company has a 50-day moving average price of $245.99 and a 200 day moving average price of $211.77. The company has a market cap of $11.66 billion, a P/E ratio of 44.85 and a beta of 0.52. The company has a quick ratio of 0.64, a current ratio of 1.15 and a debt-to-equity ratio of 0.10.

Elbit Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Monday, December 23rd will be paid a $0.50 dividend. 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.76%. Elbit Systems’s payout ratio is 28.38%.

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.