Summit Trail Advisors LLC Buys Shares of 543 Elbit Systems Ltd. (NASDAQ:ESLT)

Summit Trail Advisors LLC purchased a new position in shares of Elbit Systems Ltd. (NASDAQ:ESLT) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 543 shares of the aerospace company’s stock, valued at approximately $208,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Hurley Capital LLC acquired a new position in shares of Elbit Systems in the 4th quarter valued at approximately $26,000. Prestige Wealth Management Group LLC boosted its holdings in shares of Elbit Systems by 150.0% in the fourth quarter. Prestige Wealth Management Group LLC now owns 125 shares of the aerospace company’s stock valued at $32,000 after buying an additional 75 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Elbit Systems by 196.3% in 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. Tower Research Capital LLC TRC bought a new stake in shares of Elbit Systems during the fourth quarter worth $73,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Elbit Systems during the first quarter worth $203,000. 17.88% of the stock is owned by institutional investors.

Elbit Systems Stock Down 0.2%

NASDAQ:ESLT opened at $434.53 on Friday. The stock has a 50-day simple moving average of $413.26 and a 200 day simple moving average of $357.52. Elbit Systems Ltd. has a 52-week low of $177.85 and a 52-week high of $476.04. The company has a market cap of $19.31 billion, a PE ratio of 55.14 and a beta of 0.33. 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 (NASDAQ:ESLT) last issued its quarterly earnings results 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 analysts’ expectations of $1.69 billion. During the same period last year, the business earned $1.81 EPS. On average, sell-side analysts expect 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. Investors of record on Tuesday, June 24th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Tuesday, June 24th. Elbit Systems’s dividend payout ratio (DPR) is currently 25.38%.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Elbit Systems from a “buy” rating to a “strong-buy” rating in a report on Sunday, June 22nd.

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.