Point72 DIFC Ltd Invests $35,000 in Elbit Systems Ltd. (NASDAQ:ESLT)

Point72 DIFC Ltd bought a new stake in Elbit Systems Ltd. (NASDAQ:ESLT) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 200 shares of the aerospace company’s stock, valued at approximately $35,000.

Other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. grew its position in shares of Elbit Systems by 368.6% in the 2nd 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. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Elbit Systems by 56.8% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 232 shares of the aerospace company’s stock worth $49,000 after purchasing an additional 84 shares in the last quarter. Janiczek Wealth Management LLC lifted its holdings in shares of Elbit Systems by 53.8% during the 1st quarter. Janiczek Wealth Management LLC now owns 409 shares of the aerospace company’s stock valued at $86,000 after purchasing an additional 143 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Elbit Systems by 21.2% during the 4th quarter. Parallel Advisors LLC now owns 537 shares of the aerospace company’s stock valued at $114,000 after purchasing an additional 94 shares during the last quarter. Finally, TIAA Trust National Association purchased a new position in Elbit Systems during the 1st quarter worth $201,000. 17.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Elbit Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th.

Elbit Systems Stock Down 0.3 %

ESLT stock opened at $195.03 on Monday. The stock has a market capitalization of $8.67 billion, a PE ratio of 38.39 and a beta of 0.54. The company has a quick ratio of 0.63, a current ratio of 1.13 and a debt-to-equity ratio of 0.10. Elbit Systems Ltd. has a 52 week low of $175.30 and a 52 week high of $225.64. The firm has a 50 day moving average of $193.49 and a 200 day moving average of $194.22.

Elbit Systems (NASDAQ:ESLT) last posted its quarterly earnings results on Wednesday, August 14th. The aerospace company reported $2.08 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.31. Elbit Systems had a return on equity of 10.70% and a net margin of 3.85%. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the previous year, the business earned $1.57 EPS. Sell-side analysts forecast that Elbit Systems Ltd. will post 7.8 earnings per share for the current year.

Elbit Systems Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.416 per share. This represents a $1.66 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Tuesday, October 15th. Elbit Systems’s dividend payout ratio is presently 32.68%.

About Elbit Systems

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.