Elbit Systems (NASDAQ:ESLT) Reaches New 52-Week High – Here’s What Happened

Elbit Systems Ltd. (NASDAQ:ESLT) shares reached a new 52-week high on Monday . The company traded as high as $256.82 and last traded at $256.82, with a volume of 6147 shares changing hands. The stock had previously closed at $251.43.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Elbit Systems from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 20th.

Elbit Systems Stock Up 3.1 %

The firm’s 50 day moving average price is $231.89 and its two-hundred day moving average price is $204.98. The company has a market cap of $11.52 billion, a P/E ratio of 42.98 and a beta of 0.52. 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 disclosed a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Monday, December 23rd will be paid a $0.50 dividend. The ex-dividend date is Monday, December 23rd. This represents a $2.00 annualized dividend and a dividend yield of 0.77%. This is a positive change from Elbit Systems’s previous quarterly dividend of $0.42. Elbit Systems’s payout ratio is currently 28.38%.

Institutional Trading of Elbit Systems

Hedge funds and other institutional investors have recently bought and sold shares of the business. Mackenzie Financial Corp boosted its holdings in Elbit Systems by 4.0% during the 2nd quarter. Mackenzie Financial Corp now owns 1,452 shares of the aerospace company’s stock worth $253,000 after acquiring an additional 56 shares during the last quarter. First Trust Direct Indexing L.P. boosted its holdings in shares of Elbit Systems by 2.5% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 2,987 shares of the aerospace company’s stock worth $598,000 after buying an additional 72 shares during the last quarter. TD Asset Management Inc boosted its holdings in shares of Elbit Systems by 0.8% in the 2nd quarter. TD Asset Management Inc now owns 8,839 shares of the aerospace company’s stock worth $1,545,000 after buying an additional 73 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Elbit Systems by 0.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 12,402 shares of the aerospace company’s stock worth $2,482,000 after buying an additional 92 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of Elbit Systems by 8.8% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,421 shares of the aerospace company’s stock worth $284,000 after buying an additional 115 shares during the last quarter. Institutional investors own 17.88% of the company’s stock.

Elbit Systems Company Profile

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.