TIAA Trust National Association Invests $201,000 in Elbit Systems Ltd. (NASDAQ:ESLT)

TIAA Trust National Association purchased a new position in Elbit Systems Ltd. (NASDAQ:ESLT) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 956 shares of the aerospace company’s stock, valued at approximately $201,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of ESLT. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Elbit Systems by 56.8% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 232 shares of the aerospace company’s stock worth $49,000 after buying an additional 84 shares during the period. Tower Research Capital LLC TRC increased its holdings in Elbit Systems by 61.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 272 shares of the aerospace company’s stock worth $58,000 after purchasing an additional 104 shares during the period. Janiczek Wealth Management LLC increased its holdings in Elbit Systems by 53.8% during the 1st quarter. Janiczek Wealth Management LLC now owns 409 shares of the aerospace company’s stock worth $86,000 after purchasing an additional 143 shares during the period. Lee Financial Co purchased a new position in Elbit Systems during the 4th quarter worth $107,000. Finally, Parallel Advisors LLC increased its holdings in Elbit Systems by 21.2% during the 4th quarter. Parallel Advisors LLC now owns 537 shares of the aerospace company’s stock worth $114,000 after purchasing an additional 94 shares during the period. 17.88% of the stock is currently owned by hedge funds and other institutional investors.

Elbit Systems Stock Up 1.1 %

Shares of NASDAQ:ESLT traded up $2.02 on Monday, reaching $184.40. The company had a trading volume of 9,873 shares, compared to its average volume of 23,150. Elbit Systems Ltd. has a 52-week low of $175.30 and a 52-week high of $225.64. The firm’s 50 day simple moving average is $188.05 and its 200-day simple moving average is $199.64. The firm has a market capitalization of $8.20 billion, a PE ratio of 35.90 and a beta of 0.53. The company has a current ratio of 1.16, a quick ratio of 0.66 and a debt-to-equity ratio of 0.12.

Elbit Systems (NASDAQ:ESLT) last announced its earnings results on Tuesday, May 28th. The aerospace company reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.21. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.49 billion. Elbit Systems had a return on equity of 10.14% and a net margin of 3.70%. During the same period in the previous year, the business earned $1.70 EPS. As a group, analysts expect that Elbit Systems Ltd. will post 7.45 earnings per share for the current fiscal year.

Elbit Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Tuesday, June 18th were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, June 18th. This represents a $2.00 annualized dividend and a yield of 1.08%. Elbit Systems’s payout ratio is presently 32.68%.

Analyst Ratings Changes

Separately, StockNews.com downgraded Elbit Systems from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 4th.

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.