Mitsubishi UFJ Asset Management Co. Ltd. Has $10.20 Million Stock Position in Elbit Systems Ltd. $ESLT

Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Elbit Systems Ltd. (NASDAQ:ESLT) by 8.5% during the 4th quarter, HoldingsChannel reports. The fund owned 17,235 shares of the aerospace company’s stock after acquiring an additional 1,357 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Elbit Systems were worth $10,202,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. increased its position in Elbit Systems by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 998,267 shares of the aerospace company’s stock worth $573,131,000 after acquiring an additional 13,406 shares during the period. Van ECK Associates Corp boosted its holdings in Elbit Systems by 3,162.0% in the 3rd quarter. Van ECK Associates Corp now owns 648,104 shares of the aerospace company’s stock valued at $330,404,000 after purchasing an additional 628,236 shares during the period. Y.D. More Investments Ltd grew its position in shares of Elbit Systems by 3.0% during the 4th quarter. Y.D. More Investments Ltd now owns 618,325 shares of the aerospace company’s stock worth $356,345,000 after purchasing an additional 18,289 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Elbit Systems by 2.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 483,842 shares of the aerospace company’s stock worth $246,121,000 after purchasing an additional 12,003 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of Elbit Systems by 10.0% during the third quarter. Invesco Ltd. now owns 370,911 shares of the aerospace company’s stock worth $189,090,000 after purchasing an additional 33,619 shares during the period. 17.88% of the stock is owned by institutional investors.

Elbit Systems Price Performance

ESLT stock opened at $782.21 on Monday. The company has a quick ratio of 0.77, a current ratio of 1.29 and a debt-to-equity ratio of 0.06. Elbit Systems Ltd. has a 12 month low of $369.60 and a 12 month high of $1,016.06. The firm has a market cap of $34.77 billion, a P/E ratio of 68.86, a P/E/G ratio of 3.28 and a beta of 0.14. The company’s 50-day moving average price is $875.19 and its two-hundred day moving average price is $685.58.

Elbit Systems (NASDAQ:ESLT) last issued its earnings results on Tuesday, March 17th. The aerospace company reported $3.56 EPS for the quarter, beating the consensus estimate of $3.23 by $0.33. The company had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.09 billion. Elbit Systems had a net margin of 6.73% and a return on equity of 15.53%. On average, analysts anticipate that Elbit Systems Ltd. will post 15.47 earnings per share for the current fiscal year.

Elbit Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 27th. Shareholders of record on Monday, April 13th were paid a dividend of $1.00 per share. The ex-dividend date was Monday, April 13th. This is a boost from Elbit Systems’s previous quarterly dividend of $0.75. This represents a $4.00 annualized dividend and a yield of 0.5%. Elbit Systems’s dividend payout ratio is currently 29.31%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ESLT. JPMorgan Chase & Co. boosted their price target on Elbit Systems from $580.00 to $930.00 and gave the company a “neutral” rating in a research note on Monday, April 13th. Zacks Research upgraded Elbit Systems from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 13th. Finally, Wall Street Zen raised Elbit Systems from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $667.00.

Insider Activity

In other news, EVP Ran Kril sold 6,803 shares of the business’s stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $887.40, for a total transaction of $6,036,982.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Bezhalel Machlis sold 25,514 shares of the company’s stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $887.40, for a total value of $22,641,123.60. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 69,736 shares of company stock valued at $61,883,726. Corporate insiders own 0.84% of the company’s stock.

Elbit Systems Company Profile

Elbit Systems Ltd. is an Israel-based defense electronics company that designs, develops and supplies a broad range of systems for military, homeland security and commercial aviation customers. The company focuses on integrated, platform-level solutions that combine sensors, communications, command-and-control software and weapons integration to support intelligence, surveillance and reconnaissance (ISR), force protection and mission management.

Its product and service portfolio spans unmanned aircraft systems, electro-optic and signal intelligence systems, electronic warfare and communications equipment, avionics and mission systems for military and commercial aircraft, and land and naval systems.