Yousif Capital Management LLC Makes New $262,000 Investment in Elbit Systems Ltd. (NASDAQ:ESLT)

Yousif Capital Management LLC purchased a new stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 683 shares of the aerospace company's stock, valued at approximately $262,000.

Several other large investors have also recently bought and sold shares of ESLT. Vanguard Group Inc. grew its stake in Elbit Systems by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 874,352 shares of the aerospace company's stock valued at $229,268,000 after acquiring an additional 10,215 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Elbit Systems by 13.1% during the fourth quarter. Invesco Ltd. now owns 338,256 shares of the aerospace company's stock worth $87,294,000 after purchasing an additional 39,095 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Elbit Systems by 177.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 227,102 shares of the aerospace company's stock valued at $59,207,000 after purchasing an additional 145,324 shares in the last quarter. Nuveen Asset Management LLC increased its stake in Elbit Systems by 4.2% in the 4th quarter. Nuveen Asset Management LLC now owns 71,799 shares of the aerospace company's stock valued at $18,779,000 after buying an additional 2,892 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Elbit Systems by 26.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,474 shares of the aerospace company's stock worth $16,340,000 after buying an additional 12,891 shares in the last quarter. 17.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Elbit Systems Stock Up 2.1%

NASDAQ ESLT traded up $9.07 on Wednesday, reaching $431.61. The stock had a trading volume of 118,334 shares, compared to its average volume of 61,595. The company has a current ratio of 1.21, a quick ratio of 0.70 and a debt-to-equity ratio of 0.09. Elbit Systems Ltd. has a 1 year low of $175.30 and a 1 year high of $476.04. The business has a 50 day moving average price of $406.91 and a 200 day moving average price of $349.31. 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 announced its quarterly earnings results on Tuesday, May 20th. The aerospace company reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.27. Elbit Systems had a return on equity of 13.49% and a net margin of 4.95%. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same period in the previous year, the company earned $1.81 EPS. On average, analysts forecast that Elbit Systems Ltd. will post 8.05 EPS for the current fiscal year.

Elbit Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Tuesday, June 24th will be given 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 dividend payout ratio is 25.38%.

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.