Hurley Capital LLC Purchases Shares of 99 Elbit Systems Ltd. (NASDAQ:ESLT)

Hurley Capital LLC acquired a new position in shares of Elbit Systems Ltd. (NASDAQ:ESLT) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 99 shares of the aerospace company’s stock, valued at approximately $26,000.

Other hedge funds have also modified their holdings of the company. Prestige Wealth Management Group LLC raised its stake in 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. Morse Asset Management Inc bought a new stake in shares of Elbit Systems in the 3rd quarter worth about $40,000. Sierra Ocean LLC purchased a new stake in shares of Elbit Systems during the 4th quarter valued at about $41,000. Smartleaf Asset Management LLC lifted its holdings in shares of Elbit Systems by 196.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 160 shares of the aerospace company’s stock valued at $41,000 after acquiring an additional 106 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in Elbit Systems in the third quarter worth about $63,000. 17.88% of the stock is owned by hedge funds and other institutional investors.

Elbit Systems Stock Down 5.1 %

NASDAQ ESLT opened at $370.15 on Friday. The company has a quick ratio of 0.64, a current ratio of 1.15 and a debt-to-equity ratio of 0.10. Elbit Systems Ltd. has a 52 week low of $175.30 and a 52 week high of $420.00. The firm has a market capitalization of $16.45 billion, a price-to-earnings ratio of 63.27 and a beta of 0.32. The company has a fifty day moving average of $339.38 and a two-hundred day moving average of $275.20.

Elbit Systems (NASDAQ:ESLT) last issued its quarterly earnings results on Tuesday, March 18th. The aerospace company reported $2.66 EPS for the quarter, beating the consensus estimate of $1.95 by $0.71. The company had revenue of $1.93 billion for 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, analysts predict that Elbit Systems Ltd. will post 8.05 earnings per share for the current year.

Elbit Systems Increases Dividend

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

Wall Street Analyst Weigh In

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

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.