Elbit Systems Ltd. (NASDAQ:ESLT - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $225.55 and traded as high as $296.91. Elbit Systems shares last traded at $296.09, with a volume of 21,285 shares changing hands.
Wall Street Analyst Weigh In
Separately, StockNews.com raised shares of Elbit Systems from a "buy" rating to a "strong-buy" rating in a report on Wednesday, November 20th.
Check Out Our Latest Analysis on ESLT
Elbit Systems Trading Up 0.4 %
The company has a 50-day moving average price of $269.43 and a two-hundred day moving average price of $227.74. The stock has a market cap of $13.58 billion, a P/E ratio of 52.23 and a beta of 0.52. The company has a current ratio of 1.15, a quick ratio of 0.64 and a debt-to-equity ratio of 0.10.
Elbit Systems Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Monday, December 23rd were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 0.65%. This is a boost from Elbit Systems's previous quarterly dividend of $0.42. Elbit Systems's payout ratio is presently 28.38%.
Institutional Investors Weigh In On Elbit Systems
Large investors have recently added to or reduced their stakes in the stock. Y.D. More Investments Ltd increased its stake in shares of Elbit Systems by 10.1% during the fourth quarter. Y.D. More Investments Ltd now owns 449,747 shares of the aerospace company's stock valued at $117,520,000 after buying an additional 41,401 shares during the period. Meitav Investment House Ltd. lifted its position in shares of Elbit Systems by 41.3% in the 3rd quarter. Meitav Investment House Ltd. now owns 336,836 shares of the aerospace company's stock worth $67,264,000 after purchasing an additional 98,440 shares during the period. Heard Capital LLC increased its holdings in Elbit Systems by 4.8% during the third quarter. Heard Capital LLC now owns 218,392 shares of the aerospace company's stock valued at $43,700,000 after buying an additional 10,070 shares during the period. JPMorgan Chase & Co. lifted its holdings in Elbit Systems by 12.2% during the third quarter. JPMorgan Chase & Co. now owns 170,703 shares of the aerospace company's stock worth $34,158,000 after buying an additional 18,614 shares during the period. Finally, Swiss National Bank boosted its position in Elbit Systems by 0.5% during the 3rd quarter. Swiss National Bank now owns 79,626 shares of the aerospace company's stock valued at $15,896,000 after acquiring an additional 368 shares in the last quarter. 17.88% of the stock is owned by hedge funds and other institutional investors.
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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