Elbit Systems Ltd. (NASDAQ:ESLT) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lowered its holdings in Elbit Systems Ltd. (NASDAQ:ESLT) by 29.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,334 shares of the aerospace company’s stock after selling 553 shares during the period. HighTower Advisors LLC’s holdings in Elbit Systems were worth $265,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Coastline Trust Co acquired a new stake in shares of Elbit Systems during the third quarter worth $34,000. Point72 DIFC Ltd acquired a new stake in Elbit Systems during the 2nd quarter worth about $35,000. Avior Wealth Management LLC lifted its stake in Elbit Systems by 49.1% during the third quarter. Avior Wealth Management LLC now owns 480 shares of the aerospace company’s stock valued at $96,000 after buying an additional 158 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Elbit Systems in the second quarter worth about $143,000. Finally, Blue Trust Inc. increased its position in shares of Elbit Systems by 461.0% in the third quarter. Blue Trust Inc. now owns 920 shares of the aerospace company’s stock worth $184,000 after acquiring an additional 756 shares in the last quarter. 17.88% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Elbit Systems Stock Up 1.7 %

NASDAQ:ESLT opened at $262.18 on Tuesday. The business’s fifty day moving average price is $237.09 and its 200 day moving average price is $207.33. The firm has a market capitalization of $11.65 billion, a price-to-earnings ratio of 44.82 and a beta of 0.52. 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 $266.35.

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 0.76%. 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. Elbit Systems’s dividend 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.