Caas Capital Management LP Invests $959,000 in Elbit Systems Ltd. (NASDAQ:ESLT)

Caas Capital Management LP purchased a new stake in Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,500 shares of the aerospace company's stock, valued at approximately $959,000.

A number of other institutional investors have also recently modified their holdings of the stock. Hurley Capital LLC acquired a new position in shares of Elbit Systems during the 4th quarter worth $26,000. Prestige Wealth Management Group LLC increased its stake in shares of Elbit Systems by 150.0% in the fourth quarter. Prestige Wealth Management Group LLC now owns 125 shares of the aerospace company's stock valued at $32,000 after buying an additional 75 shares during the period. Tower Research Capital LLC TRC acquired a new stake in Elbit Systems during the fourth quarter worth approximately $73,000. Cambridge Investment Research Advisors Inc. acquired a new stake in Elbit Systems during the first quarter worth approximately $203,000. Finally, Brighton Jones LLC acquired a new stake in Elbit Systems during the first quarter worth approximately $206,000. 17.88% of the stock is currently owned by institutional investors.

Elbit Systems Stock Down 0.2%

Shares of ESLT stock traded down $0.86 during trading hours on Friday, reaching $447.42. The company had a trading volume of 74,725 shares, compared to its average volume of 66,763. Elbit Systems Ltd. has a 12 month low of $177.85 and a 12 month high of $476.04. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.21 and a quick ratio of 0.70. The business has a fifty day simple moving average of $419.50 and a 200-day simple moving average of $365.21. The company has a market cap of $19.89 billion, a price-to-earnings ratio of 56.78 and a beta of 0.33.

Elbit Systems (NASDAQ:ESLT - Get Free Report) last posted its earnings results on Tuesday, May 20th. The aerospace company reported $2.57 earnings per share for the quarter, beating analysts' consensus estimates of $2.30 by $0.27. Elbit Systems had a return on equity of 13.49% and a net margin of 4.95%. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter last year, the company earned $1.81 earnings per share. On average, research analysts expect that Elbit Systems Ltd. will post 8.05 earnings per share for the current fiscal year.

Elbit Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 7th. Investors of record on Tuesday, June 24th were issued a dividend of $0.60 per share. The ex-dividend date was Tuesday, June 24th. This represents a $2.40 dividend on an annualized basis and a yield of 0.54%. Elbit Systems's dividend payout ratio (DPR) is currently 25.38%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Elbit Systems from a "buy" rating to a "strong-buy" rating in a report on Sunday, June 22nd.

About Elbit Systems

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.