Shares of Elbit Systems Ltd. (NASDAQ:ESLT - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $269.22 and last traded at $269.22, with a volume of 5351 shares traded. The stock had previously closed at $261.47.
Analyst Ratings Changes
Separately, StockNews.com upgraded Elbit Systems from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, November 20th.
Check Out Our Latest Report on ESLT
Elbit Systems Stock Performance
The stock's 50 day moving average price is $247.75 and its two-hundred day moving average price is $213.34. The company has a current ratio of 1.15, a quick ratio of 0.64 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $11.82 billion, a price-to-earnings ratio of 45.43 and a beta of 0.52.
Elbit Systems Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Monday, December 23rd were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.75%. This is an increase from Elbit Systems's previous quarterly dividend of $0.42. The ex-dividend date was Monday, December 23rd. Elbit Systems's dividend payout ratio (DPR) is presently 28.38%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Coastline Trust Co acquired a new stake in shares of Elbit Systems in the third quarter valued at approximately $34,000. Point72 DIFC Ltd acquired a new stake in Elbit Systems during the 2nd quarter valued at $35,000. Morse Asset Management Inc acquired a new stake in Elbit Systems during the 3rd quarter valued at $40,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Elbit Systems in the third quarter worth $63,000. Finally, Avior Wealth Management LLC raised its holdings in shares of Elbit Systems by 49.1% in the third quarter. Avior Wealth Management LLC now owns 480 shares of the aerospace company's stock worth $96,000 after acquiring an additional 158 shares during the last quarter. Institutional investors and hedge funds own 17.88% of the company's stock.
About Elbit Systems
(
Get Free Report)
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.
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