Ewa LLC Makes New $221,000 Investment in Elbit Systems Ltd. (NASDAQ:ESLT)

EWA LLC bought a new stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 575 shares of the aerospace company's stock, valued at approximately $221,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ESLT. Hurley Capital LLC bought a new position in shares of Elbit Systems in the fourth quarter valued at approximately $26,000. Prestige Wealth Management Group LLC raised its holdings in shares of Elbit Systems by 150.0% in the 4th quarter. Prestige Wealth Management Group LLC now owns 125 shares of the aerospace company's stock worth $32,000 after purchasing an additional 75 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in Elbit Systems by 196.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 160 shares of the aerospace company's stock valued at $41,000 after purchasing an additional 106 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in shares of Elbit Systems during the fourth quarter worth $73,000. Finally, Brighton Jones LLC acquired a new stake in Elbit Systems during the 1st quarter worth about $206,000. 17.88% of the stock is currently owned by institutional investors.

Elbit Systems Price Performance

Shares of NASDAQ:ESLT traded up $9.07 on Wednesday, hitting $431.61. The stock had a trading volume of 118,334 shares, compared to its average volume of 61,595. The firm's 50 day moving average price is $407.44 and its 200-day moving average price is $349.88. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.70 and a current ratio of 1.21. Elbit Systems Ltd. has a twelve month low of $175.30 and a twelve month high of $476.04. The company has a market capitalization of $19.19 billion, a price-to-earnings ratio of 54.77 and a beta of 0.31.

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

Elbit Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Tuesday, June 24th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend is Tuesday, June 24th. Elbit Systems's payout ratio is presently 25.38%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Elbit Systems from a "buy" rating to a "strong-buy" rating in a research report on Sunday.

Elbit Systems Company 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.