Elbit Systems Ltd. (NASDAQ:ESLT - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The company traded as high as $225.79 and last traded at $225.25, with a volume of 5870 shares traded. The stock had previously closed at $210.33.
Analyst Ratings Changes
Separately, StockNews.com upgraded shares of Elbit Systems from a "buy" rating to a "strong-buy" rating in a research note on Friday, August 16th.
View Our Latest Stock Analysis on Elbit Systems
Elbit Systems Price Performance
The company has a quick ratio of 0.63, a current ratio of 1.13 and a debt-to-equity ratio of 0.10. The business has a 50 day simple moving average of $201.75 and a 200-day simple moving average of $194.69. The company has a market capitalization of $10.09 billion, a P/E ratio of 41.91 and a beta of 0.53.
Elbit Systems (NASDAQ:ESLT - Get Free Report) last issued its quarterly earnings results on Wednesday, August 14th. The aerospace company reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.31. Elbit Systems had a return on equity of 10.70% and a net margin of 3.85%. The company had revenue of $1.63 billion for the quarter, compared to analysts' expectations of $1.57 billion. During the same period last year, the firm earned $1.57 EPS. Analysts predict that Elbit Systems Ltd. will post 7.8 EPS for the current fiscal year.
Elbit Systems Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Tuesday, October 15th will be paid a dividend of $0.416 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Tuesday, October 15th. Elbit Systems's dividend payout ratio (DPR) is presently 30.51%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Blue Trust Inc. increased its position in shares of Elbit Systems by 368.6% during the second quarter. Blue Trust Inc. now owns 164 shares of the aerospace company's stock valued at $29,000 after purchasing an additional 129 shares during the period. Point72 DIFC Ltd bought a new position in shares of Elbit Systems in the 2nd quarter worth $35,000. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Elbit Systems by 56.8% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 232 shares of the aerospace company's stock valued at $49,000 after acquiring an additional 84 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Elbit Systems in the second quarter valued at approximately $143,000. Finally, TIAA Trust National Association acquired a new stake in Elbit Systems during the 1st quarter worth $201,000. 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.
Recommended Stories
Before you consider Elbit Systems, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Elbit Systems wasn't on the list.
While Elbit Systems currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With average gains of 150% since the start of 2023, now is the time to give these stocks a look and pump up your 2024 portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
