Balyasny Asset Management L.P. Invests $229,000 in Elbit Systems Ltd. (NASDAQ:ESLT)

Balyasny Asset Management L.P. purchased a new position in shares of Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 887 shares of the aerospace company's stock, valued at approximately $229,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Blue Trust Inc. grew its position in Elbit Systems by 7.3% during the 4th quarter. Blue Trust Inc. now owns 987 shares of the aerospace company's stock worth $255,000 after acquiring an additional 67 shares during the last quarter. Prestige Wealth Management Group LLC grew its position in Elbit Systems by 150.0% during the 4th quarter. Prestige Wealth Management Group LLC now owns 125 shares of the aerospace company's stock worth $32,000 after acquiring an additional 75 shares during the last quarter. Hurley Capital LLC bought a new position in Elbit Systems during the 4th quarter worth approximately $26,000. Smartleaf Asset Management LLC grew its position in Elbit Systems by 196.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 160 shares of the aerospace company's stock worth $41,000 after acquiring an additional 106 shares during the last quarter. Finally, Signaturefd LLC grew its position in Elbit Systems by 10.2% during the 4th quarter. Signaturefd LLC now owns 1,239 shares of the aerospace company's stock worth $320,000 after acquiring an additional 115 shares during the last quarter. 17.88% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Elbit Systems from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th.

Elbit Systems Trading Up 0.6%

Shares of ESLT stock traded up $2.40 during trading hours on Friday, reaching $378.93. The company's stock had a trading volume of 278,305 shares, compared to its average volume of 49,776. The stock has a market capitalization of $16.84 billion, a P/E ratio of 64.77 and a beta of 0.31. Elbit Systems Ltd. has a one year low of $175.30 and a one year high of $426.40. The firm's fifty day simple moving average is $393.45 and its 200 day simple moving average is $321.35. The company has a current ratio of 1.15, a quick ratio of 0.64 and a debt-to-equity ratio of 0.10.

Elbit Systems (NASDAQ:ESLT - Get Free Report) last issued its quarterly earnings data on Tuesday, May 20th. The aerospace company reported $2.57 earnings per share for the quarter, topping analysts' consensus estimates of $2.30 by $0.27. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.69 billion. Elbit Systems had a return on equity of 11.34% and a net margin of 4.00%. During the same period last year, the company earned $1.81 EPS. Equities research analysts expect that Elbit Systems Ltd. will post 8.05 EPS for the current year.

Elbit Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Tuesday, June 24th will be given a $0.60 dividend. The ex-dividend date is Tuesday, June 24th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.63%. Elbit Systems's dividend payout ratio is currently 27.72%.

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.