Elbit Systems Ltd. (ESLT) To Go Ex-Dividend on October 13th

Elbit Systems Ltd. (NASDAQ:ESLT) declared a quarterly dividend on Monday, August 10th. Investors of record on Tuesday, October 13th will be paid a dividend of 1.00 per share by the aerospace company on Monday, October 26th. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Tuesday, October 13th.

Elbit Systems has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 1 years. Elbit Systems has a payout ratio of 25.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Elbit Systems to earn $18.17 per share next year, which means the company should continue to be able to cover its $3.32 annual dividend with an expected future payout ratio of 18.3%.

Elbit Systems Stock Down 8.3%

NASDAQ:ESLT opened at $776.08 on Wednesday. Elbit Systems has a one year low of $432.85 and a one year high of $1,016.06. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.41 and a quick ratio of 0.86. The company has a market cap of $34.50 billion, a PE ratio of 62.84, a P/E/G ratio of 3.59 and a beta of 0.17. The firm’s 50 day simple moving average is $795.53 and its 200 day simple moving average is $808.84.

Elbit Systems (NASDAQ:ESLT) last released its quarterly earnings results on Tuesday, August 11th. The aerospace company reported $4.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.69 by $0.45. Elbit Systems had a net margin of 7.14% and a return on equity of 16.15%. The firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.25 billion. On average, research analysts anticipate that Elbit Systems will post 15.3 earnings per share for the current year.

Institutional Investors Weigh In On Elbit Systems

Hedge funds have recently added to or reduced their stakes in the business. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Elbit Systems by 709.3% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 88,075 shares of the aerospace company’s stock valued at $50,948,000 after buying an additional 77,192 shares during the period. UBS Group AG raised its stake in Elbit Systems by 35.5% during the 4th quarter. UBS Group AG now owns 126,864 shares of the aerospace company’s stock worth $73,291,000 after buying an additional 33,235 shares during the period. Vanguard Group Inc. boosted its holdings in Elbit Systems by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 998,267 shares of the aerospace company’s stock worth $573,131,000 after acquiring an additional 13,406 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Elbit Systems by 8.5% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 17,235 shares of the aerospace company’s stock worth $10,202,000 after acquiring an additional 1,357 shares in the last quarter. Finally, HighTower Advisors LLC grew its stake in Elbit Systems by 101.9% in the fourth quarter. HighTower Advisors LLC now owns 8,807 shares of the aerospace company’s stock valued at $5,084,000 after acquiring an additional 4,444 shares during the period. 17.88% of the stock is currently owned by institutional investors.

Elbit Systems Company Profile

Elbit Systems Ltd. is an Israel-based defense electronics company that designs, develops and supplies a broad range of systems for military, homeland security and commercial aviation customers. The company focuses on integrated, platform-level solutions that combine sensors, communications, command-and-control software and weapons integration to support intelligence, surveillance and reconnaissance (ISR), force protection and mission management.

Its product and service portfolio spans unmanned aircraft systems, electro-optic and signal intelligence systems, electronic warfare and communications equipment, avionics and mission systems for military and commercial aircraft, and land and naval systems.