Advisors Asset Management Inc. Buys 92 Shares of Elbit Systems Ltd. (NASDAQ:ESLT)

Advisors Asset Management Inc. boosted its stake in Elbit Systems Ltd. (NASDAQ:ESLT) by 0.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,402 shares of the aerospace company’s stock after purchasing an additional 92 shares during the period. Advisors Asset Management Inc.’s holdings in Elbit Systems were worth $2,482,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd increased its holdings in shares of Elbit Systems by 2.0% during the second quarter. Altshuler Shaham Ltd now owns 912,307 shares of the aerospace company’s stock worth $161,177,000 after buying an additional 18,014 shares in the last quarter. Vanguard Group Inc. increased its holdings in Elbit Systems by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 830,505 shares of the aerospace company’s stock worth $174,597,000 after purchasing an additional 11,643 shares in the last quarter. Y.D. More Investments Ltd raised its position in Elbit Systems by 32,724.6% in the second quarter. Y.D. More Investments Ltd now owns 403,742 shares of the aerospace company’s stock valued at $71,329,000 after purchasing an additional 402,512 shares during the last quarter. Meitav Investment House Ltd. boosted its stake in shares of Elbit Systems by 41.3% during the third quarter. Meitav Investment House Ltd. now owns 336,836 shares of the aerospace company’s stock valued at $67,264,000 after purchasing an additional 98,440 shares in the last quarter. Finally, Swiss National Bank boosted its stake in shares of Elbit Systems by 0.5% during the third quarter. Swiss National Bank now owns 79,626 shares of the aerospace company’s stock valued at $15,896,000 after purchasing an additional 368 shares in the last quarter. Institutional investors and hedge funds own 17.88% of the company’s stock.

Elbit Systems Price Performance

Shares of NASDAQ:ESLT opened at $250.11 on Friday. The firm has a market cap of $11.12 billion, a PE ratio of 42.75 and a beta of 0.51. Elbit Systems Ltd. has a 52 week low of $175.30 and a 52 week high of $252.50. The firm’s fifty day moving average is $216.10 and its 200-day moving average is $199.62. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.63 and a current ratio of 1.15.

Elbit Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Monday, December 23rd will be paid a $0.50 dividend. This is a boost from Elbit Systems’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $2.00 annualized dividend and a dividend yield of 0.80%. Elbit Systems’s dividend payout ratio is presently 28.38%.

Analyst Upgrades and Downgrades

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

Elbit Systems Company 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.