Elbit Systems Ltd. (NASDAQ:ESLT - Get Free Report)'s share price hit a new 52-week high during trading on Monday . The company traded as high as $266.36 and last traded at $266.36, with a volume of 1363 shares changing hands. The stock had previously closed at $257.78.
Analyst Ratings Changes
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 Stock Analysis on ESLT
Elbit Systems Stock Up 1.7 %
The company has a debt-to-equity ratio of 0.10, a current ratio of 1.15 and a quick ratio of 0.64. The firm's 50 day moving average price is $237.09 and its two-hundred day moving average price is $207.33. The firm has a market cap of $11.65 billion, a price-to-earnings ratio of 44.82 and a beta of 0.52.
Elbit Systems Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Monday, December 23rd will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.76%. This is a boost from Elbit Systems's previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, December 23rd. Elbit Systems's dividend payout ratio (DPR) is presently 28.38%.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the stock. Mackenzie Financial Corp grew its position in Elbit Systems by 4.0% in the 2nd quarter. Mackenzie Financial Corp now owns 1,452 shares of the aerospace company's stock valued at $253,000 after buying an additional 56 shares during the last quarter. First Trust Direct Indexing L.P. boosted its holdings in shares of Elbit Systems by 2.5% in the third quarter. First Trust Direct Indexing L.P. now owns 2,987 shares of the aerospace company's stock valued at $598,000 after acquiring an additional 72 shares in the last quarter. TD Asset Management Inc increased its stake in shares of Elbit Systems by 0.8% during the second quarter. TD Asset Management Inc now owns 8,839 shares of the aerospace company's stock worth $1,545,000 after acquiring an additional 73 shares during the period. Advisors Asset Management Inc. raised its holdings in Elbit Systems by 0.7% during the third quarter. Advisors Asset Management Inc. now owns 12,402 shares of the aerospace company's stock worth $2,482,000 after purchasing an additional 92 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in Elbit Systems by 8.8% in the third quarter. Sequoia Financial Advisors LLC now owns 1,421 shares of the aerospace company's stock valued at $284,000 after purchasing an additional 115 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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