Elbit Systems (NASDAQ:ESLT) Sets New 1-Year High - Still a Buy?

Elbit Systems Ltd. (NASDAQ:ESLT - Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as $313.82 and last traded at $312.49, with a volume of 4527 shares changing hands. The stock had previously closed at $307.15.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Elbit Systems from a "buy" rating to a "strong-buy" rating in a report on Wednesday, November 20th.

Elbit Systems Stock Performance

The stock has a fifty day simple moving average of $275.31 and a 200-day simple moving average of $232.01. The company has a quick ratio of 0.64, a current ratio of 1.15 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $13.58 billion, a P/E ratio of 52.22 and a beta of 0.53.

Elbit Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Monday, December 23rd were issued a dividend of $0.50 per share. This is a positive change from Elbit Systems's previous quarterly dividend of $0.42. The ex-dividend date was Monday, December 23rd. This represents a $2.00 annualized dividend and a dividend yield of 0.65%. Elbit Systems's dividend payout ratio (DPR) is presently 28.38%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. HighTower Advisors LLC grew its holdings in shares of Elbit Systems by 130.3% during the fourth quarter. HighTower Advisors LLC now owns 3,072 shares of the aerospace company's stock worth $799,000 after purchasing an additional 1,738 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Elbit Systems by 73.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,185 shares of the aerospace company's stock worth $1,618,000 after acquiring an additional 2,627 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Elbit Systems by 4.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,186 shares of the aerospace company's stock worth $1,596,000 after acquiring an additional 245 shares during the last quarter. Callan Family Office LLC bought a new stake in shares of Elbit Systems during the fourth quarter valued at approximately $231,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Elbit Systems in the fourth quarter valued at approximately $1,999,000. 17.88% of the stock is owned by institutional investors and hedge funds.

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.