Susquehanna International Group Ltd. Makes New Investment in Elbit Systems Ltd. (NASDAQ:ESLT)

Susquehanna International Group Ltd. acquired a new position in shares of Elbit Systems Ltd. (NASDAQ:ESLT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,312 shares of the aerospace company’s stock, valued at approximately $232,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd raised its position in Elbit Systems by 2.0% in the second quarter. Altshuler Shaham Ltd now owns 912,307 shares of the aerospace company’s stock valued at $161,177,000 after purchasing an additional 18,014 shares during the period. Vanguard Group Inc. raised its position in Elbit Systems by 1.4% in the first quarter. Vanguard Group Inc. now owns 830,505 shares of the aerospace company’s stock valued at $174,597,000 after purchasing an additional 11,643 shares during the period. Y.D. More Investments Ltd raised its position in Elbit Systems by 32,724.6% in the second quarter. Y.D. More Investments Ltd now owns 403,742 shares of the aerospace company’s stock valued at $71,329,000 after purchasing an additional 402,512 shares during the period. Meitav Investment House Ltd. raised its position in Elbit Systems by 13.2% in the second quarter. Meitav Investment House Ltd. now owns 238,396 shares of the aerospace company’s stock valued at $42,117,000 after purchasing an additional 27,851 shares during the period. Finally, Heard Capital LLC purchased a new stake in Elbit Systems in the fourth quarter valued at $26,428,000. Institutional investors and hedge funds own 17.88% of the company’s stock.

Elbit Systems Price Performance

ESLT stock opened at $195.03 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.63 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $8.67 billion, a PE ratio of 38.39 and a beta of 0.54. Elbit Systems Ltd. has a 12-month low of $175.30 and a 12-month high of $225.64. The business’s fifty day moving average price is $193.49 and its 200 day moving average price is $194.34.

Elbit Systems (NASDAQ:ESLT) last posted its quarterly earnings data on Wednesday, August 14th. The aerospace company reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.31. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.57 billion. Elbit Systems had a return on equity of 10.70% and a net margin of 3.85%. During the same quarter in the previous year, the business earned $1.57 EPS. On average, sell-side analysts anticipate that Elbit Systems Ltd. will post 7.8 EPS for the current year.

Elbit Systems Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Tuesday, October 15th will be issued a $0.416 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $1.66 annualized dividend and a dividend yield of 0.85%. Elbit Systems’s dividend payout ratio is presently 32.68%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Elbit Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th.

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.