Elbit Systems Ltd. (NASDAQ:ESLT - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $241.70 and last traded at $241.70, with a volume of 6753 shares traded. The stock had previously closed at $235.14.
Analyst Upgrades and Downgrades
Separately, StockNews.com downgraded Elbit Systems from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, November 12th.
View Our Latest Stock Analysis on Elbit Systems
Elbit Systems Trading Up 6.2 %
The company has a current ratio of 1.13, a quick ratio of 0.63 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $11.10 billion, a price-to-earnings ratio of 45.88 and a beta of 0.51. The firm's 50-day moving average is $212.97 and its 200 day moving average is $198.60.
Institutional Trading of Elbit Systems
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings in Elbit Systems by 368.6% in the second quarter. Blue Trust Inc. now owns 164 shares of the aerospace company's stock valued at $29,000 after buying an additional 129 shares during the period. Coastline Trust Co bought a new stake in shares of Elbit Systems during the 3rd quarter valued at about $34,000. Point72 DIFC Ltd acquired a new stake in Elbit Systems during the second quarter worth approximately $35,000. Morse Asset Management Inc bought a new stake in Elbit Systems in the third quarter worth approximately $40,000. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its stake in Elbit Systems by 56.8% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 232 shares of the aerospace company's stock valued at $49,000 after buying an additional 84 shares during the period. 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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