Elbit Systems Ltd. (ESLT) Hits New 12-Month High at $139.50
Shares of Elbit Systems Ltd. (NASDAQ:ESLT) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $139.50 and last traded at $139.50, with a volume of 9,910 shares changing hands. The stock had previously closed at $138.80.
A number of research firms recently weighed in on ESLT. BidaskClub upgraded shares of Elbit Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 9th. ValuEngine upgraded shares of Elbit Systems from a “hold” rating to a “buy” rating in a research report on Wednesday.
The firm’s 50-day moving average is $130.51 and its 200-day moving average is $122.71. The stock has a market cap of $5.97 billion, a P/E ratio of 25.04 and a beta of 0.62.
Elbit Systems (NASDAQ:ESLT) last posted its quarterly earnings results on Tuesday, August 15th. The aerospace company reported $1.61 EPS for the quarter. Elbit Systems had a net margin of 7.23% and a return on equity of 16.38%. The firm had revenue of $818.30 million for the quarter. Equities research analysts predict that Elbit Systems Ltd. will post $6.27 earnings per share for the current fiscal year.
The firm also recently declared a dividend, which will be paid on Monday, September 18th. Investors of record on Friday, September 1st will be issued a $0.44 dividend. This is a positive change from Elbit Systems’s previous dividend of $0.37. The ex-dividend date is Wednesday, August 30th. Elbit Systems’s dividend payout ratio (DPR) is presently 31.54%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Mitchell Capital Management Co. raised its holdings in Elbit Systems by 1.2% in the first quarter. Mitchell Capital Management Co. now owns 2,252 shares of the aerospace company’s stock valued at $256,000 after buying an additional 27 shares during the period. Wetherby Asset Management Inc. raised its holdings in Elbit Systems by 2.2% in the second quarter. Wetherby Asset Management Inc. now owns 1,928 shares of the aerospace company’s stock valued at $238,000 after buying an additional 41 shares during the period. World Asset Management Inc raised its holdings in Elbit Systems by 1.6% in the first quarter. World Asset Management Inc now owns 2,660 shares of the aerospace company’s stock valued at $302,000 after buying an additional 42 shares during the period. Parallel Advisors LLC raised its holdings in Elbit Systems by 6.8% in the second quarter. Parallel Advisors LLC now owns 864 shares of the aerospace company’s stock valued at $109,000 after buying an additional 55 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Elbit Systems by 1.1% in the second quarter. Dimensional Fund Advisors LP now owns 9,766 shares of the aerospace company’s stock valued at $1,209,000 after buying an additional 108 shares during the period. Hedge funds and other institutional investors own 11.13% of the company’s stock.
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About Elbit Systems
Elbit Systems Ltd. is an international technology company engaged in a range of programs across the world. The Company develops and supplies a portfolio of airborne, land and naval systems and products for defense, homeland security and commercial aviation applications. Its systems and products are installed on new platforms, and it also performs platform modernization programs.
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