Hunter Associates Investment Management LLC Sells 125 Shares of Elbit Systems Ltd. (NASDAQ:ESLT)

Hunter Associates Investment Management LLC lessened its holdings in Elbit Systems Ltd. (NASDAQ:ESLTFree Report) by 5.7% during the third quarter, HoldingsChannel reports. The firm owned 2,075 shares of the aerospace company’s stock after selling 125 shares during the quarter. Hunter Associates Investment Management LLC’s holdings in Elbit Systems were worth $415,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of ESLT. Bank of New York Mellon Corp grew its position in Elbit Systems by 2.4% in the second quarter. Bank of New York Mellon Corp now owns 55,678 shares of the aerospace company’s stock valued at $11,635,000 after acquiring an additional 1,322 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Elbit Systems by 87.8% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 108,591 shares of the aerospace company’s stock valued at $21,478,000 after purchasing an additional 50,777 shares during the last quarter. Van ECK Associates Corp increased its position in Elbit Systems by 10.1% during the 2nd quarter. Van ECK Associates Corp now owns 7,514 shares of the aerospace company’s stock worth $1,570,000 after purchasing an additional 690 shares in the last quarter. Bank of Montreal Can bought a new position in Elbit Systems in the 2nd quarter valued at approximately $547,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its position in Elbit Systems by 1.4% in the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,560,207 shares of the aerospace company’s stock valued at $534,309,000 after buying an additional 35,904 shares in the last quarter. Institutional investors own 24.08% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded Elbit Systems from a “hold” rating to a “buy” rating in a research note on Friday, December 1st.

Check Out Our Latest Analysis on Elbit Systems

Elbit Systems Price Performance

Elbit Systems stock opened at $205.23 on Monday. The company has a current ratio of 1.12, a quick ratio of 0.64 and a debt-to-equity ratio of 0.13. The stock has a 50-day moving average price of $208.72 and a two-hundred day moving average price of $203.40. Elbit Systems Ltd. has a 12 month low of $162.01 and a 12 month high of $225.22.

Elbit Systems (NASDAQ:ESLTGet Free Report) last posted its earnings results on Tuesday, November 28th. The aerospace company reported $1.65 EPS for the quarter, missing the consensus estimate of $1.71 by ($0.06). Elbit Systems had a return on equity of 10.53% and a net margin of 4.62%. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.41 billion. On average, equities research analysts expect that Elbit Systems Ltd. will post 6.3 EPS for the current year.

Elbit Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 8th. Investors of record on Tuesday, December 26th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, December 22nd. This represents a $2.00 annualized dividend and a dividend yield of 0.97%. Elbit Systems’s dividend payout ratio is 27.35%.

About Elbit Systems

(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.

See Also

Want to see what other hedge funds are holding ESLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Elbit Systems Ltd. (NASDAQ:ESLTFree Report).

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

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