Elbit Systems Ltd. (NASDAQ:ESLT - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $234.42 and traded as high as $300.44. Elbit Systems shares last traded at $297.62, with a volume of 31,792 shares changing hands.
Analyst Upgrades and Downgrades
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 ESLT
Elbit Systems Stock Up 0.2 %
The company has a market capitalization of $13.20 billion, a PE ratio of 50.77 and a beta of 0.53. The firm's 50-day simple moving average is $280.35 and its 200 day simple moving average is $236.44. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.64 and a current ratio of 1.15.
Elbit Systems Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Monday, December 23rd were given a dividend of $0.50 per share. This is a positive change from Elbit Systems's previous quarterly dividend of $0.42. This represents a $2.00 annualized dividend and a dividend yield of 0.67%. The ex-dividend date was Monday, December 23rd. Elbit Systems's payout ratio is presently 28.38%.
Institutional Investors Weigh In On Elbit Systems
Institutional investors have recently made changes to their positions in the stock. Hurley Capital LLC purchased a new stake in shares of Elbit Systems during the 4th quarter worth $26,000. Prestige Wealth Management Group LLC boosted its position in shares of Elbit Systems by 150.0% during the 4th quarter. Prestige Wealth Management Group LLC now owns 125 shares of the aerospace company's stock worth $32,000 after purchasing an additional 75 shares in the last quarter. Sierra Ocean LLC purchased a new stake in shares of Elbit Systems during the 4th quarter worth $41,000. Smartleaf Asset Management LLC raised its stake in shares of Elbit Systems by 196.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 160 shares of the aerospace company's stock worth $41,000 after buying an additional 106 shares during the last quarter. Finally, Coastline Trust Co acquired a new position in shares of Elbit Systems during the 3rd quarter worth $34,000. 17.88% of the stock is currently owned by hedge funds and other institutional investors.
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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