Elbit Systems Ltd. (ESLT) Shares Sold by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC trimmed its position in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 19.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 194,700 shares of the aerospace company’s stock after selling 46,300 shares during the quarter. TimesSquare Capital Management LLC owned 0.46% of Elbit Systems worth $24,094,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in shares of Elbit Systems by 17.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 46,945 shares of the aerospace company’s stock valued at $5,809,000 after buying an additional 6,966 shares during the period. Cannell Peter B & Co. Inc. lifted its holdings in shares of Elbit Systems by 12.1% during the 2nd quarter. Cannell Peter B & Co. Inc. now owns 5,955 shares of the aerospace company’s stock valued at $737,000 after buying an additional 645 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Elbit Systems by 63.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,047 shares of the aerospace company’s stock valued at $376,000 after buying an additional 1,183 shares during the period. Parallel Advisors LLC lifted its holdings in shares of Elbit Systems by 6.8% during the 2nd quarter. Parallel Advisors LLC now owns 864 shares of the aerospace company’s stock valued at $109,000 after buying an additional 55 shares during the period. Finally, Rainier Investment Management LLC lifted its holdings in shares of Elbit Systems by 467.8% during the 2nd quarter. Rainier Investment Management LLC now owns 70,410 shares of the aerospace company’s stock valued at $8,713,000 after buying an additional 58,010 shares during the period. 11.13% of the stock is currently owned by hedge funds and other institutional investors.

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Elbit Systems Ltd. (NASDAQ ESLT) opened at 140.99 on Monday. The company has a 50-day moving average price of $131.73 and a 200-day moving average price of $123.08. The company has a market capitalization of $6.03 billion, a PE ratio of 25.27 and a beta of 0.62. Elbit Systems Ltd. has a one year low of $91.20 and a one year high of $142.23.

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

The business also recently disclosed a dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.44 per share. 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 31.54%.

ESLT has been the topic of several research analyst reports. BidaskClub cut Elbit Systems from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. ValuEngine raised Elbit Systems from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th.

Elbit Systems Company Profile

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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