Elbit Systems Ltd. (NASDAQ:ESLT - Get Free Report)'s share price gapped down before the market opened on Thursday . The stock had previously closed at $262.29, but opened at $256.31. Elbit Systems shares last traded at $255.70, with a volume of 5,535 shares trading hands.
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 Report on Elbit Systems
Elbit Systems Stock Performance
The firm has a market capitalization of $11.49 billion, a PE ratio of 44.18 and a beta of 0.52. 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 company's fifty day simple moving average is $241.16 and its 200 day simple moving average is $209.15.
Elbit Systems Increases Dividend
The business also recently announced 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. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $2.00 annualized dividend and a dividend yield of 0.77%. This is an increase from Elbit Systems's previous quarterly dividend of $0.42. Elbit Systems's dividend payout ratio is currently 28.38%.
Hedge Funds Weigh In On Elbit Systems
Hedge funds have recently bought and sold shares of the company. Coastline Trust Co bought a new stake in shares of Elbit Systems during the 3rd quarter valued at about $34,000. Point72 DIFC Ltd purchased a new stake in Elbit Systems in the second quarter valued at approximately $35,000. Morse Asset Management Inc bought a new stake in Elbit Systems during the third quarter valued at approximately $40,000. Wilmington Savings Fund Society FSB purchased a new position in Elbit Systems in the 3rd quarter worth approximately $63,000. Finally, Avior Wealth Management LLC increased its holdings in shares of Elbit Systems by 49.1% in the 3rd quarter. Avior Wealth Management LLC now owns 480 shares of the aerospace company's stock worth $96,000 after buying an additional 158 shares during the last quarter. Hedge funds and other institutional investors own 17.88% of the company's stock.
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.
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