Yelin Lapidot Holdings Management Ltd. Sells 1,465 Shares of Elbit Systems Ltd. (NASDAQ:ESLT)

Yelin Lapidot Holdings Management Ltd. decreased its position in shares of Elbit Systems Ltd. (NASDAQ:ESLTFree Report) by 8.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 15,025 shares of the aerospace company’s stock after selling 1,465 shares during the quarter. Yelin Lapidot Holdings Management Ltd.’s holdings in Elbit Systems were worth $3,204,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Elbit Systems by 1.1% during the third quarter. Vanguard Group Inc. now owns 809,337 shares of the aerospace company’s stock valued at $160,233,000 after purchasing an additional 8,966 shares during the last quarter. Altshuler Shaham Ltd boosted its holdings in Elbit Systems by 5,555.9% in the 4th quarter. Altshuler Shaham Ltd now owns 552,473 shares of the aerospace company’s stock worth $118,050,000 after buying an additional 542,705 shares during the period. Invesco Ltd. grew its stake in Elbit Systems by 2.4% in the 3rd quarter. Invesco Ltd. now owns 234,987 shares of the aerospace company’s stock valued at $46,523,000 after buying an additional 5,458 shares in the last quarter. Meitav Investment House Ltd. raised its holdings in Elbit Systems by 4.7% during the 4th quarter. Meitav Investment House Ltd. now owns 224,549 shares of the aerospace company’s stock valued at $48,092,000 after acquiring an additional 10,168 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Elbit Systems by 21.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 67,736 shares of the aerospace company’s stock valued at $13,410,000 after acquiring an additional 12,058 shares during the period. Hedge funds and other institutional investors own 17.88% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut Elbit Systems from a “buy” rating to a “hold” rating in a research report on Monday, May 13th.

Get Our Latest Stock Analysis on Elbit Systems

Elbit Systems Price Performance

ESLT stock traded up $2.42 during mid-day trading on Friday, reaching $198.58. 19,269 shares of the company traded hands, compared to its average volume of 15,618. The company has a fifty day moving average price of $201.83 and a 200-day moving average price of $205.70. Elbit Systems Ltd. has a 52-week low of $183.80 and a 52-week high of $225.64. The company has a market capitalization of $8.83 billion, a P/E ratio of 41.11 and a beta of 0.55. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.14 and a quick ratio of 0.67.

Elbit Systems (NASDAQ:ESLTGet Free Report) last issued its quarterly earnings data on Tuesday, March 26th. The aerospace company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.38 by $0.18. Elbit Systems had a net margin of 3.60% and a return on equity of 10.16%. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the previous year, the company earned $1.68 earnings per share. As a group, analysts anticipate that Elbit Systems Ltd. will post 6.33 earnings per share for the current year.

Elbit Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 6th. Investors of record on Wednesday, April 24th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.01%. The ex-dividend date was Tuesday, April 23rd. Elbit Systems’s dividend payout ratio is 34.37%.

Elbit Systems Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Elbit Systems (NASDAQ:ESLT)

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