Elbit Systems Ltd. (NASDAQ:ESLT) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC lifted its holdings in Elbit Systems Ltd. (NASDAQ:ESLT) by 0.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,426 shares of the aerospace company’s stock after acquiring an additional 175 shares during the period. Geode Capital Management LLC owned approximately 0.09% of Elbit Systems worth $7,689,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Coastline Trust Co acquired a new stake in Elbit Systems in the 3rd quarter valued at $34,000. Point72 DIFC Ltd purchased a new stake in shares of Elbit Systems in the second quarter worth about $35,000. Morse Asset Management Inc acquired a new stake in shares of Elbit Systems in the third quarter valued at about $40,000. Avior Wealth Management LLC raised its holdings in shares of Elbit Systems by 49.1% during the 3rd 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. acquired a new position in Elbit Systems during the 2nd quarter worth approximately $143,000. Hedge funds and other institutional investors own 17.88% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised 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

ESLT opened at $262.38 on Friday. Elbit Systems Ltd. has a twelve month low of $175.30 and a twelve month high of $266.35. The firm has a market cap of $11.66 billion, a price-to-earnings ratio of 44.85 and a beta of 0.52. The company has a current ratio of 1.15, a quick ratio of 0.64 and a debt-to-equity ratio of 0.10. The company has a fifty day simple moving average of $245.99 and a 200 day simple moving average of $211.77.

Elbit Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Monday, December 23rd will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.76%. This is a positive change from Elbit Systems’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, December 23rd. Elbit Systems’s payout ratio is presently 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.