1,050 Shares in Elbit Systems Ltd. (NASDAQ:ESLT) Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. bought a new position in shares of Elbit Systems Ltd. (NASDAQ:ESLT) in the 3rd quarter, Holdings Channel reports. The fund bought 1,050 shares of the aerospace company’s stock, valued at approximately $210,000.

Other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. grew its stake in Elbit Systems by 368.6% during the second quarter. Blue Trust Inc. now owns 164 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 129 shares during the period. Point72 DIFC Ltd bought a new stake in shares of Elbit Systems during the second quarter valued at approximately $35,000. Mitsubishi UFJ Trust & Banking Corp increased its holdings 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 valued at $49,000 after acquiring an additional 84 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Elbit Systems during the second quarter valued at approximately $143,000. Finally, AM Investment Strategies LLC bought a new stake in shares of Elbit Systems during the third quarter valued at approximately $200,000. Institutional investors and hedge funds own 17.88% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Elbit Systems from a “buy” rating to a “strong-buy” rating in a report on Wednesday.

Elbit Systems Trading Up 0.3 %

NASDAQ ESLT opened at $250.11 on Friday. The company has a market cap of $11.12 billion, a price-to-earnings ratio of 42.75 and a beta of 0.51. Elbit Systems Ltd. has a 52 week low of $175.30 and a 52 week high of $252.50. The business has a 50 day moving average price of $216.10 and a 200-day moving average price of $199.62. The company has a quick ratio of 0.63, a current ratio of 1.15 and a debt-to-equity ratio of 0.10.

Elbit Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Monday, December 23rd will be issued a dividend of $0.50 per share. This is an increase from Elbit Systems’s previous quarterly dividend of $0.42. The ex-dividend date is Monday, December 23rd. This represents a $2.00 annualized dividend and a dividend yield of 0.80%. Elbit Systems’s payout ratio is currently 28.38%.

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.