Mirae Asset Global Investments Co. Ltd. Invests $590,000 in Elbit Systems Ltd. (NASDAQ:ESLT)

Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,293 shares of the aerospace company’s stock, valued at approximately $590,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Coastline Trust Co bought a new stake in shares of Elbit Systems during the 3rd quarter valued at $34,000. Morse Asset Management Inc purchased a new stake in shares of Elbit Systems during the third quarter valued at approximately $40,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Elbit Systems during the third quarter valued at approximately $63,000. Avior Wealth Management LLC raised its holdings 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 acquiring an additional 158 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in Elbit Systems by 461.0% in the 3rd quarter. Blue Trust Inc. now owns 920 shares of the aerospace company’s stock valued at $184,000 after acquiring an additional 756 shares in the last quarter. Institutional investors own 17.88% of the company’s stock.

Elbit Systems Price Performance

Shares of NASDAQ:ESLT opened at $297.62 on Thursday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.64 and a current ratio of 1.15. The firm has a market cap of $13.23 billion, a price-to-earnings ratio of 50.88 and a beta of 0.53. The business has a 50-day simple moving average of $278.53 and a two-hundred day simple moving average of $234.42. Elbit Systems Ltd. has a fifty-two week low of $175.30 and a fifty-two week high of $313.89.

Elbit Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Monday, December 23rd were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.67%. This is a boost from Elbit Systems’s previous quarterly dividend of $0.42. The ex-dividend date was Monday, December 23rd. Elbit Systems’s payout ratio is presently 28.38%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised 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.