Blue Trust Inc. Grows Stock Holdings in Elbit Systems Ltd. (NASDAQ:ESLT)

Blue Trust Inc. lifted its holdings in Elbit Systems Ltd. (NASDAQ:ESLT) by 7.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 987 shares of the aerospace company’s stock after buying an additional 67 shares during the period. Blue Trust Inc.’s holdings in Elbit Systems were worth $255,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ESLT. Meitav Investment House Ltd. increased its stake in Elbit Systems by 41.3% during the third quarter. Meitav Investment House Ltd. now owns 336,836 shares of the aerospace company’s stock worth $67,264,000 after acquiring an additional 98,440 shares during the last quarter. Heard Capital LLC raised its holdings in Elbit Systems by 4.8% during the 3rd quarter. Heard Capital LLC now owns 218,392 shares of the aerospace company’s stock valued at $43,700,000 after buying an additional 10,070 shares during the period. JPMorgan Chase & Co. lifted its position in Elbit Systems by 12.2% in the third quarter. JPMorgan Chase & Co. now owns 170,703 shares of the aerospace company’s stock worth $34,158,000 after buying an additional 18,614 shares during the last quarter. Swiss National Bank boosted its stake in Elbit Systems by 0.5% during the third quarter. Swiss National Bank now owns 79,626 shares of the aerospace company’s stock worth $15,896,000 after buying an additional 368 shares during the period. Finally, Systematic Financial Management LP increased its position in Elbit Systems by 12.1% during the third quarter. Systematic Financial Management LP now owns 74,322 shares of the aerospace company’s stock valued at $14,872,000 after acquiring an additional 8,000 shares during the last quarter. 17.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Elbit Systems Trading Up 0.4 %

ESLT opened at $305.55 on Monday. Elbit Systems Ltd. has a one year low of $175.30 and a one year high of $308.96. 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 stock has a market cap of $13.58 billion, a price-to-earnings ratio of 52.23 and a beta of 0.52. The stock’s 50 day moving average price is $269.43 and its 200-day moving average price is $228.03.

Elbit Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Monday, December 23rd were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This is a boost 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 0.65%. Elbit Systems’s dividend payout ratio is presently 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.