Hurley Capital LLC Makes New $26,000 Investment in Elbit Systems Ltd. (NASDAQ:ESLT)

Hurley Capital LLC purchased a new stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 99 shares of the aerospace company’s stock, valued at approximately $26,000.

A number of other large investors have also recently modified their holdings of the company. Blue Trust Inc. raised its holdings in shares of Elbit Systems by 7.3% in the 4th quarter. Blue Trust Inc. now owns 987 shares of the aerospace company’s stock valued at $255,000 after purchasing an additional 67 shares in the last quarter. Prestige Wealth Management Group LLC boosted its stake 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 valued at $32,000 after purchasing an additional 75 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings 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 buying an additional 106 shares during the period. Signaturefd LLC raised its stake in Elbit Systems by 10.2% in the fourth quarter. Signaturefd LLC now owns 1,239 shares of the aerospace company’s stock worth $320,000 after buying an additional 115 shares in the last quarter. Finally, State Street Corp lifted its holdings in Elbit Systems by 3.1% during the third quarter. State Street Corp now owns 4,534 shares of the aerospace company’s stock worth $907,000 after buying an additional 136 shares during the period. Hedge funds and other institutional investors own 17.88% of the company’s stock.

Elbit Systems Stock Performance

ESLT stock opened at $370.15 on Friday. Elbit Systems Ltd. has a one year low of $175.30 and a one year high of $420.00. The firm has a market cap of $16.45 billion, a price-to-earnings ratio of 63.27 and a beta of 0.32. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.64 and a current ratio of 1.15. The firm has a 50-day simple moving average of $339.38 and a two-hundred day simple moving average of $275.20.

Elbit Systems (NASDAQ:ESLT) last announced its earnings results on Tuesday, March 18th. The aerospace company reported $2.66 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.71. The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.78 billion. Elbit Systems had a net margin of 4.00% and a return on equity of 11.34%. On average, equities analysts forecast that Elbit Systems Ltd. will post 8.05 EPS for the current fiscal year.

Elbit Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Tuesday, April 22nd will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 0.65%. This is an increase from Elbit Systems’s previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, April 22nd. Elbit Systems’s payout ratio is 27.72%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Elbit Systems from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th.

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.