Morse Asset Management Inc Invests $40,000 in Elbit Systems Ltd. (NASDAQ:ESLT)

Morse Asset Management Inc purchased a new position in shares of Elbit Systems Ltd. (NASDAQ:ESLT) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 200 shares of the aerospace company’s stock, valued at approximately $40,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Y.D. More Investments Ltd boosted its holdings 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 period. Meitav Investment House Ltd. boosted its holdings in Elbit Systems by 41.3% in 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 during the period. Millennium Management LLC raised its stake in Elbit Systems by 253.0% in the second quarter. Millennium Management LLC now owns 29,204 shares of the aerospace company’s stock valued at $5,158,000 after buying an additional 20,932 shares in the last quarter. Altshuler Shaham Ltd raised its stake in Elbit Systems by 2.0% in the second quarter. Altshuler Shaham Ltd now owns 912,307 shares of the aerospace company’s stock valued at $161,177,000 after buying an additional 18,014 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in Elbit Systems in the second quarter valued at $2,181,000. 17.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Elbit Systems Stock Down 1.0 %

ESLT opened at $247.52 on Thursday. The business’s 50-day simple moving average is $223.77 and its 200-day simple moving average is $201.99. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.64 and a current ratio of 1.15. Elbit Systems Ltd. has a one year low of $175.30 and a one year high of $255.02. The stock has a market capitalization of $11.00 billion, a P/E ratio of 42.31 and a beta of 0.52.

Elbit Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Monday, December 23rd will be given a dividend of $0.50 per share. 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 0.81%. This is a boost from Elbit Systems’s previous quarterly dividend of $0.42. Elbit Systems’s payout ratio is 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.