Elbit Systems Ltd. (NASDAQ:ESLT) Shares Bought by PDT Partners LLC

PDT Partners LLC increased its stake in Elbit Systems Ltd. (NASDAQ:ESLT) by 28.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Y.D. More Investments Ltd increased its stake in Elbit Systems by 32,724.6% in the 2nd quarter. Y.D. More Investments Ltd now owns 403,742 shares of the aerospace company’s stock worth $71,329,000 after purchasing an additional 402,512 shares in the last quarter. Meitav Investment House Ltd. boosted its holdings in shares of Elbit Systems by 41.3% in the third 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. Millennium Management LLC increased its position in shares of Elbit Systems by 253.0% in the second quarter. Millennium Management LLC now owns 29,204 shares of the aerospace company’s stock worth $5,158,000 after acquiring an additional 20,932 shares in the last quarter. Altshuler Shaham Ltd raised 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 valued at $161,177,000 after acquiring an additional 18,014 shares during the period. Finally, Marshall Wace LLP purchased a new stake in shares of Elbit Systems in the 2nd quarter valued at approximately $2,181,000. 17.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Elbit Systems Stock Down 0.2 %

NASDAQ:ESLT opened at $244.18 on Monday. The business’s fifty day moving average price is $221.59 and its 200 day moving average price is $201.32. The firm has a market capitalization of $10.85 billion, a price-to-earnings ratio of 41.74 and a beta of 0.51. The company has a current ratio of 1.15, a quick ratio of 0.64 and a debt-to-equity ratio of 0.10. Elbit Systems Ltd. has a 1-year low of $175.30 and a 1-year high of $255.02.

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 given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.82%. This is a positive change from Elbit Systems’s previous quarterly dividend of $0.42. The ex-dividend date is Monday, December 23rd. Elbit Systems’s dividend payout ratio is 28.38%.

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.