Henry James International Management Inc. Sells 4,058 Shares of Elbit Systems Ltd. (NASDAQ:ESLT)

Henry James International Management Inc. decreased its holdings in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 15.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,725 shares of the aerospace company’s stock after selling 4,058 shares during the quarter. Elbit Systems accounts for approximately 1.8% of Henry James International Management Inc.’s portfolio, making the stock its 19th largest position. Henry James International Management Inc.’s holdings in Elbit Systems were worth $4,846,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ESLT. Y.D. More Investments Ltd increased its holdings in shares of Elbit Systems by 60.0% in the 4th quarter. Y.D. More Investments Ltd now owns 800 shares of the aerospace company’s stock worth $171,000 after buying an additional 300 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Elbit Systems by 138.6% in the fourth quarter. Russell Investments Group Ltd. now owns 10,161 shares of the aerospace company’s stock valued at $2,167,000 after acquiring an additional 5,903 shares during the last quarter. AM Investment Strategies LLC bought a new position in Elbit Systems in the fourth quarter valued at $213,000. Meitav Investment House Ltd. raised its position in Elbit Systems by 4.7% during the fourth quarter. Meitav Investment House Ltd. now owns 224,549 shares of the aerospace company’s stock valued at $48,092,000 after purchasing an additional 10,168 shares in the last quarter. Finally, Cerity Partners LLC lifted its stake in Elbit Systems by 9.4% during the fourth quarter. Cerity Partners LLC now owns 3,003 shares of the aerospace company’s stock worth $640,000 after purchasing an additional 258 shares during the last quarter. 17.88% of the stock is currently owned by institutional investors.

Elbit Systems Price Performance

Shares of Elbit Systems stock traded up $0.93 during trading on Friday, hitting $202.33. 6,915 shares of the stock traded hands, compared to its average volume of 13,413. The stock has a market cap of $8.99 billion, a price-to-earnings ratio of 41.89 and a beta of 0.54. The company has a quick ratio of 0.67, a current ratio of 1.14 and a debt-to-equity ratio of 0.13. Elbit Systems Ltd. has a 52 week low of $183.80 and a 52 week high of $225.64. The firm’s fifty day moving average is $206.09 and its 200-day moving average is $204.67.

Elbit Systems (NASDAQ:ESLT) last released its quarterly earnings data on Tuesday, March 26th. The aerospace company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.18. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.53 billion. Elbit Systems had a return on equity of 10.16% and a net margin of 3.60%. During the same quarter in the prior year, the firm posted $1.68 earnings per share. Research analysts expect that Elbit Systems Ltd. will post 6.33 EPS for the current fiscal year.

Elbit Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 6th. Stockholders of record on Wednesday, April 24th will be given a $0.50 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.99%. Elbit Systems’s dividend payout ratio is currently 34.37%.

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.