Shares of Elbit Systems Ltd. (NASDAQ:ESLT - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $256.82 and last traded at $256.82, with a volume of 6147 shares changing hands. The stock had previously closed at $251.43.
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of Elbit Systems from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, November 20th.
View Our Latest Report on Elbit Systems
Elbit Systems Stock Up 4.8 %
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 firm has a market cap of $11.71 billion, a P/E ratio of 45.04 and a beta of 0.52. The business has a fifty day moving average of $232.98 and a 200 day moving average of $205.48.
Elbit Systems Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Monday, December 23rd will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.76%. This is a positive change from Elbit Systems's previous quarterly dividend of $0.42. Elbit Systems's dividend payout ratio (DPR) is currently 28.38%.
Hedge Funds Weigh In On Elbit Systems
Several institutional investors and hedge funds have recently modified their holdings of ESLT. Blue Trust Inc. grew its holdings in shares of Elbit Systems by 368.6% during the second quarter. Blue Trust Inc. now owns 164 shares of the aerospace company's stock worth $29,000 after buying an additional 129 shares in the last quarter. Coastline Trust Co bought a new position in shares of Elbit Systems during the 3rd quarter worth approximately $34,000. Point72 DIFC Ltd acquired a new stake in shares of Elbit Systems in the second quarter valued at approximately $35,000. Morse Asset Management Inc bought a new stake in shares of Elbit Systems in the third quarter worth $40,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Elbit Systems during the third quarter worth $63,000. 17.88% of the stock is currently owned by institutional investors and hedge funds.
Elbit Systems Company Profile
(
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.
Featured Stories
Before you consider Elbit Systems, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Elbit Systems wasn't on the list.
While Elbit Systems currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link below to learn more about using beta to protect yourself.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
