PDT Partners LLC Has $1.14 Million Stock Position in Elbit Systems Ltd. (NASDAQ:ESLT)

PDT Partners LLC grew its position in Elbit Systems Ltd. (NASDAQ:ESLT) by 28.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,709 shares of the aerospace company’s stock after acquiring an additional 1,271 shares during the quarter. PDT Partners LLC’s holdings in Elbit Systems were worth $1,142,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ESLT. Blue Trust Inc. increased its holdings in Elbit Systems by 368.6% in the second quarter. Blue Trust Inc. now owns 164 shares of the aerospace company’s stock worth $29,000 after buying an additional 129 shares during the last quarter. Coastline Trust Co bought a new stake in Elbit Systems in the third quarter worth approximately $34,000. Point72 DIFC Ltd acquired a new position in shares of Elbit Systems during the 2nd quarter worth $35,000. Avior Wealth Management LLC raised its holdings in shares of Elbit Systems by 49.1% during the 3rd quarter. Avior Wealth Management LLC now owns 480 shares of the aerospace company’s stock valued at $96,000 after purchasing an additional 158 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Elbit Systems in the 2nd quarter valued at $143,000. 17.88% of the stock is owned by hedge funds and other institutional investors.

Elbit Systems Stock Performance

Shares of NASDAQ ESLT opened at $244.18 on Monday. The business’s 50-day simple moving average is $221.59 and its 200-day simple moving average is $201.32. Elbit Systems Ltd. has a 52 week low of $175.30 and a 52 week high of $255.02. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.64 and a current ratio of 1.15. The firm has a market cap of $10.85 billion, a price-to-earnings ratio of 41.74 and a beta of 0.51.

Elbit Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Monday, December 23rd will be given a $0.50 dividend. This is a positive change 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 dividend on an annualized basis and a dividend yield of 0.82%. Elbit Systems’s dividend payout ratio (DPR) is currently 28.38%.

Analysts Set New Price Targets

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

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.