Mitsubishi UFJ Asset Management Co. Ltd. Has $5.38 Million Stake in Elbit Systems Ltd. (NASDAQ:ESLT)

Mitsubishi UFJ Asset Management Co. Ltd. trimmed its holdings in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 5.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,395 shares of the aerospace company’s stock after selling 1,214 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Elbit Systems were worth $5,378,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Prestige Wealth Management Group LLC increased its position in Elbit Systems by 150.0% in the 4th quarter. Prestige Wealth Management Group LLC now owns 125 shares of the aerospace company’s stock valued at $32,000 after acquiring an additional 75 shares in the last quarter. Sierra Ocean LLC bought a new stake in shares of Elbit Systems during the fourth quarter valued at approximately $41,000. Smartleaf Asset Management LLC increased its holdings in shares of Elbit Systems by 196.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 160 shares of the aerospace company’s stock valued at $41,000 after purchasing an additional 106 shares in the last quarter. Morse Asset Management Inc bought a new position in Elbit Systems in the 3rd quarter worth approximately $40,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Elbit Systems during the 3rd quarter worth $63,000. 17.88% of the stock is owned by institutional investors.

Elbit Systems Price Performance

Shares of ESLT stock opened at $383.68 on Tuesday. The firm has a market cap of $17.06 billion, a price-to-earnings ratio of 65.59 and a beta of 0.53. Elbit Systems Ltd. has a 12 month low of $175.30 and a 12 month high of $420.00. The company has a quick ratio of 0.64, a current ratio of 1.15 and a debt-to-equity ratio of 0.10. The stock has a 50-day moving average price of $332.93 and a 200 day moving average price of $270.45.

Elbit Systems (NASDAQ:ESLT) last issued its quarterly earnings results on Tuesday, March 18th. The aerospace company reported $2.66 EPS for the quarter, topping the consensus estimate of $1.95 by $0.71. Elbit Systems had a net margin of 4.00% and a return on equity of 11.34%. The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Research analysts expect that Elbit Systems Ltd. will post 8.05 EPS for the current year.

Elbit Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Tuesday, April 22nd will be given a dividend of $0.60 per share. This is a boost from Elbit Systems’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $2.40 annualized dividend and a dividend yield of 0.63%. Elbit Systems’s payout ratio is presently 27.72%.

Analyst Ratings Changes

Separately, StockNews.com cut Elbit Systems from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th.

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.