Elbit Systems Ltd (ESLT) Reaches New 12-Month High at $139.50
Elbit Systems Ltd (NASDAQ:ESLT) hit a new 52-week high on Wednesday . The stock traded as high as $139.50 and last traded at $139.50, with a volume of 9,910 shares traded. The stock had previously closed at $138.80.
Several equities research analysts recently weighed in on ESLT shares. BidaskClub cut shares of Elbit Systems from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. ValuEngine upgraded shares of Elbit Systems from a “hold” rating to a “buy” rating in a research report on Wednesday.
The firm has a market capitalization of $5.96 billion, a P/E ratio of 25.00 and a beta of 0.62. The firm has a 50 day moving average price of $131.30 and a 200-day moving average price of $122.96.
Elbit Systems (NASDAQ:ESLT) last announced its quarterly earnings data on Tuesday, August 15th. The aerospace company reported $1.61 earnings per share (EPS) for the quarter. The business had revenue of $818.30 million during the quarter. Elbit Systems had a return on equity of 15.48% and a net margin of 7.11%. On average, equities research analysts anticipate that Elbit Systems Ltd will post $6.27 EPS for the current year.
The firm also recently announced a dividend, which will be paid on Monday, September 18th. Investors of record on Friday, September 1st will be paid a dividend of $0.44 per share. This is a boost from Elbit Systems’s previous dividend of $0.37. The ex-dividend date of this dividend is Wednesday, August 30th. Elbit Systems’s payout ratio is presently 31.54%.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. increased its holdings in shares of Elbit Systems by 84.1% in the first quarter. JPMorgan Chase & Co. now owns 39,979 shares of the aerospace company’s stock valued at $4,544,000 after purchasing an additional 18,258 shares during the period. Paloma Partners Management Co acquired a new position in Elbit Systems during the first quarter worth $269,000. FMR LLC grew its holdings in Elbit Systems by 63.3% during the first quarter. FMR LLC now owns 1,267,127 shares of the aerospace company’s stock worth $144,347,000 after acquiring an additional 491,263 shares during the period. Eagle Global Advisors LLC grew its holdings in Elbit Systems by 37.2% during the second quarter. Eagle Global Advisors LLC now owns 10,701 shares of the aerospace company’s stock worth $1,324,000 after acquiring an additional 2,900 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in Elbit Systems by 5.6% during the first quarter. Renaissance Technologies LLC now owns 199,235 shares of the aerospace company’s stock worth $22,643,000 after acquiring an additional 10,500 shares during the period. Institutional investors own 11.13% of the company’s stock.
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Elbit Systems Company Profile
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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