Elbit Systems Ltd. (NASDAQ:ESLT - Get Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 31,283 shares changed hands during trading, a decline of 9% from the previous session's volume of 34,288 shares.The stock last traded at $400.17 and had previously closed at $405.01.
Analysts Set New Price Targets
Separately, StockNews.com lowered Elbit Systems from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th.
Read Our Latest Analysis on ESLT
Elbit Systems Trading Down 1.2 %
The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.64 and a current ratio of 1.15. The company has a market capitalization of $17.24 billion, a price-to-earnings ratio of 66.30 and a beta of 0.53. The firm has a fifty day moving average price of $331.21 and a 200-day moving average price of $268.63.
Elbit Systems (NASDAQ:ESLT - Get Free Report) last posted its earnings results on Tuesday, March 18th. The aerospace company reported $2.66 EPS for the quarter, topping analysts' consensus estimates of $1.95 by $0.71. Elbit Systems had a net margin of 4.00% and a return on equity of 11.34%. The firm had revenue of $1.93 billion during the quarter, compared to analysts' expectations of $1.78 billion. As a group, equities analysts anticipate that Elbit Systems Ltd. will post 8.05 EPS for the current year.
Elbit Systems Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Tuesday, April 22nd will be issued a $0.60 dividend. This is a positive change from Elbit Systems's previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, April 22nd. This represents a $2.40 annualized dividend and a yield of 0.62%. Elbit Systems's payout ratio is presently 27.72%.
Hedge Funds Weigh In On Elbit Systems
Several institutional investors have recently made changes to their positions in ESLT. Hurley Capital LLC purchased a new stake in Elbit Systems in the 4th quarter valued at $26,000. Prestige Wealth Management Group LLC lifted its holdings in Elbit Systems by 150.0% during the fourth quarter. Prestige Wealth Management Group LLC now owns 125 shares of the aerospace company's stock valued at $32,000 after purchasing an additional 75 shares during the last quarter. Morse Asset Management Inc bought a new stake in shares of Elbit Systems in the third quarter valued at approximately $40,000. Sierra Ocean LLC bought a new position in Elbit Systems in the 4th quarter worth about $41,000. Finally, Smartleaf Asset Management LLC grew its stake in Elbit Systems by 196.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 160 shares of the aerospace company's stock valued at $41,000 after acquiring an additional 106 shares in 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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