Semanteon Capital Management LP Sells 370 Shares of Elbit Systems Ltd. (NASDAQ:ESLT)

Semanteon Capital Management LP lowered its position in Elbit Systems Ltd. (NASDAQ:ESLT) by 9.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,757 shares of the aerospace company’s stock after selling 370 shares during the quarter. Semanteon Capital Management LP’s holdings in Elbit Systems were worth $752,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Mackenzie Financial Corp increased its holdings in shares of Elbit Systems by 4.0% in the second quarter. Mackenzie Financial Corp now owns 1,452 shares of the aerospace company’s stock worth $253,000 after purchasing an additional 56 shares during the period. TD Asset Management Inc increased its stake in Elbit Systems by 0.8% in the second quarter. TD Asset Management Inc now owns 8,839 shares of the aerospace company’s stock valued at $1,545,000 after acquiring an additional 73 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in Elbit Systems by 56.8% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 232 shares of the aerospace company’s stock valued at $49,000 after buying an additional 84 shares during the period. Sequoia Financial Advisors LLC boosted its position in Elbit Systems by 8.8% during the first quarter. Sequoia Financial Advisors LLC now owns 1,284 shares of the aerospace company’s stock valued at $270,000 after buying an additional 104 shares during the period. Finally, Blue Trust Inc. boosted its position in Elbit Systems by 368.6% during the second quarter. Blue Trust Inc. now owns 164 shares of the aerospace company’s stock valued at $29,000 after buying an additional 129 shares during the period. Institutional investors own 17.88% of the company’s stock.

Elbit Systems Trading Up 7.8 %

Shares of Elbit Systems stock traded up $16.45 during trading on Monday, reaching $226.78. 19,557 shares of the stock were exchanged, compared to its average volume of 23,043. The company has a quick ratio of 0.63, a current ratio of 1.13 and a debt-to-equity ratio of 0.10. The stock’s fifty day moving average is $201.75 and its 200 day moving average is $194.69. The firm has a market cap of $10.08 billion, a price-to-earnings ratio of 41.69 and a beta of 0.53. Elbit Systems Ltd. has a 1 year low of $175.30 and a 1 year high of $227.00.

Elbit Systems (NASDAQ:ESLT) last posted its earnings results on Wednesday, August 14th. The aerospace company reported $2.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.31. The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.57 billion. Elbit Systems had a net margin of 3.85% and a return on equity of 10.70%. During the same period in the prior year, the business posted $1.57 earnings per share. As a group, equities research analysts expect that Elbit Systems Ltd. will post 7.8 earnings per share for the current fiscal year.

Elbit Systems Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Tuesday, October 15th will be issued a dividend of $0.416 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.73%. Elbit Systems’s dividend payout ratio is currently 30.51%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Elbit Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th.

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.