Y.D. More Investments Ltd Grows Holdings in Elbit Systems Ltd. (NASDAQ:ESLT)

Y.D. More Investments Ltd boosted its holdings in Elbit Systems Ltd. (NASDAQ:ESLT) by 10.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 449,747 shares of the aerospace company’s stock after purchasing an additional 41,401 shares during the period. Elbit Systems makes up 10.5% of Y.D. More Investments Ltd’s portfolio, making the stock its largest position. Y.D. More Investments Ltd owned 1.01% of Elbit Systems worth $117,520,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Meitav Investment House Ltd. lifted its holdings in Elbit Systems by 41.3% in the 3rd quarter. Meitav Investment House Ltd. now owns 336,836 shares of the aerospace company’s stock worth $67,264,000 after buying an additional 98,440 shares during the period. Heard Capital LLC lifted its stake in Elbit Systems by 4.8% in the third quarter. Heard Capital LLC now owns 218,392 shares of the aerospace company’s stock worth $43,700,000 after acquiring an additional 10,070 shares during the period. JPMorgan Chase & Co. increased its position in Elbit Systems by 12.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 170,703 shares of the aerospace company’s stock valued at $34,158,000 after purchasing an additional 18,614 shares during the period. Swiss National Bank lifted its position in shares of Elbit Systems by 0.5% in the 3rd quarter. Swiss National Bank now owns 79,626 shares of the aerospace company’s stock worth $15,896,000 after purchasing an additional 368 shares during the period. Finally, Systematic Financial Management LP boosted its stake in shares of Elbit Systems by 12.1% during the 3rd quarter. Systematic Financial Management LP now owns 74,322 shares of the aerospace company’s stock valued at $14,872,000 after purchasing an additional 8,000 shares in the last quarter. 17.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Elbit Systems from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 20th.

Elbit Systems Trading Up 1.3 %

ESLT opened at $307.15 on Wednesday. The stock has a market cap of $13.65 billion, a PE ratio of 52.50 and a beta of 0.53. The business has a 50 day moving average of $271.51 and a 200-day moving average of $229.76. Elbit Systems Ltd. has a 52 week low of $175.30 and a 52 week high of $308.96. The company has a quick ratio of 0.64, a current ratio of 1.15 and a debt-to-equity ratio of 0.10.

Elbit Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Monday, December 23rd were paid a dividend of $0.50 per share. The ex-dividend date was Monday, December 23rd. This represents a $2.00 annualized dividend and a yield of 0.65%. This is a positive change from Elbit Systems’s previous quarterly dividend of $0.42. Elbit Systems’s payout ratio is presently 28.38%.

Elbit Systems Profile

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.