Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Elbit Systems Ltd. (NASDAQ:ESLT) by 63.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,047 shares of the aerospace company’s stock after buying an additional 1,183 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Elbit Systems were worth $376,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Russell Investments Group Ltd. increased its position in Elbit Systems by 184.1% during the first quarter. Russell Investments Group Ltd. now owns 8,799 shares of the aerospace company’s stock worth $1,005,000 after purchasing an additional 5,702 shares during the last quarter. Wells Fargo & Company MN increased its position in Elbit Systems by 403.6% during the first quarter. Wells Fargo & Company MN now owns 16,935 shares of the aerospace company’s stock worth $1,925,000 after purchasing an additional 13,572 shares during the last quarter. US Bancorp DE increased its position in Elbit Systems by 45.2% during the first quarter. US Bancorp DE now owns 1,835 shares of the aerospace company’s stock worth $208,000 after purchasing an additional 571 shares during the last quarter. Bank of New York Mellon Corp increased its position in Elbit Systems by 15.5% during the first quarter. Bank of New York Mellon Corp now owns 55,154 shares of the aerospace company’s stock worth $6,268,000 after purchasing an additional 7,417 shares during the last quarter. Finally, Swiss National Bank increased its position in Elbit Systems by 2.5% during the first quarter. Swiss National Bank now owns 140,874 shares of the aerospace company’s stock worth $16,073,000 after purchasing an additional 3,409 shares during the last quarter. Institutional investors and hedge funds own 11.13% of the company’s stock.

Several equities research analysts recently issued reports on ESLT shares. BidaskClub upgraded shares of Elbit Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 9th. ValuEngine upgraded shares of Elbit Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th.

Shares of Elbit Systems Ltd. (ESLT) opened at 138.18 on Thursday. Elbit Systems Ltd. has a 52-week low of $91.20 and a 52-week high of $143.69. The firm has a market capitalization of $5.91 billion, a PE ratio of 24.76 and a beta of 0.62. The company’s 50-day moving average is $132.63 and its 200 day moving average is $123.52.

Elbit Systems (NASDAQ:ESLT) last released its quarterly earnings data on Tuesday, August 15th. The aerospace company reported $1.61 EPS for the quarter. Elbit Systems had a net margin of 7.23% and a return on equity of 16.38%. The business had revenue of $818.30 million for the quarter. Equities analysts expect that Elbit Systems Ltd. will post $6.27 earnings per share for the current fiscal year.

The firm also recently disclosed a dividend, which will be paid on Monday, September 18th. Investors of record on Friday, September 1st will be given a $0.44 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This is a positive change from Elbit Systems’s previous dividend of $0.37. Elbit Systems’s payout ratio is currently 31.54%.

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About Elbit Systems

Elbit Systems Ltd. is an international technology company engaged in a range of programs across the world. The Company develops and supplies a portfolio of airborne, land and naval systems and products for defense, homeland security and commercial aviation applications. Its systems and products are installed on new platforms, and it also performs platform modernization programs.

Institutional Ownership by Quarter for Elbit Systems (NASDAQ:ESLT)

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