Yousif Capital Management LLC Buys New Shares in Elbit Systems Ltd. (NASDAQ:ESLT)

Yousif Capital Management LLC purchased a new position in Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 683 shares of the aerospace company's stock, valued at approximately $262,000.

A number of other institutional investors have also made changes to their positions in ESLT. Hurley Capital LLC acquired a new stake in Elbit Systems during the 4th quarter worth $26,000. Prestige Wealth Management Group LLC raised its position in shares of Elbit Systems by 150.0% during the fourth 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 during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Elbit Systems by 196.3% during the 4th 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 in the last quarter. Tower Research Capital LLC TRC acquired a new position in shares of Elbit Systems in the 4th quarter valued at approximately $73,000. Finally, Squarepoint Ops LLC increased its stake in Elbit Systems by 105.8% during the 4th quarter. Squarepoint Ops LLC now owns 809 shares of the aerospace company's stock worth $209,000 after purchasing an additional 14,796 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 raised shares of Elbit Systems from a "buy" rating to a "strong-buy" rating in a research report on Sunday.

Elbit Systems Stock Up 0.2%

Shares of ESLT stock traded up $1.09 on Monday, hitting $439.56. 125,197 shares of the stock were exchanged, compared to its average volume of 60,077. The company has a current ratio of 1.21, a quick ratio of 0.70 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $19.54 billion, a P/E ratio of 46.06 and a beta of 0.31. Elbit Systems Ltd. has a fifty-two week low of $175.30 and a fifty-two week high of $476.04. The business has a 50-day moving average of $405.92 and a 200 day moving average of $347.49.

Elbit Systems (NASDAQ:ESLT - Get Free Report) last released its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $1.69 billion. Elbit Systems had a return on equity of 13.49% and a net margin of 4.95%. During the same quarter in the prior year, the firm posted $1.81 EPS. Equities analysts anticipate that Elbit Systems Ltd. will post 8.05 EPS for the current year.

Elbit Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Tuesday, June 24th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, June 24th. This represents a $2.40 annualized dividend and a yield of 0.55%. Elbit Systems's dividend payout ratio (DPR) is presently 25.38%.

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.