Elbit Systems (NASDAQ:ESLT) Hits New 1-Year High – Time to Buy?

Elbit Systems Ltd. (NASDAQ:ESLT) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $269.22 and last traded at $269.22, with a volume of 5351 shares traded. The stock had previously closed at $261.47.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Elbit Systems from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 20th.

Elbit Systems Trading Up 2.4 %

The business has a fifty day moving average price of $247.75 and a 200 day moving average price of $213.34. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.64 and a current ratio of 1.15. The company has a market capitalization of $11.90 billion, a PE ratio of 45.76 and a beta of 0.52.

Elbit Systems Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Monday, December 23rd were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend was Monday, December 23rd. This is a positive change from Elbit Systems’s previous quarterly dividend of $0.42. Elbit Systems’s dividend payout ratio is 28.38%.

Institutional Trading of Elbit Systems

Several institutional investors and hedge funds have recently bought and sold shares of the company. TD Asset Management Inc increased 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 valued at $1,545,000 after acquiring an additional 73 shares during the last quarter. Y.D. More Investments Ltd raised its position in shares of Elbit Systems by 32,724.6% during the 2nd quarter. Y.D. More Investments Ltd now owns 403,742 shares of the aerospace company’s stock worth $71,329,000 after purchasing an additional 402,512 shares during the period. Renaissance Technologies LLC raised its stake in Elbit Systems by 35.3% during the 2nd quarter. Renaissance Technologies LLC now owns 21,100 shares of the aerospace company’s stock valued at $3,727,000 after acquiring an additional 5,500 shares in the last quarter. Frank Rimerman Advisors LLC bought a new position in shares of Elbit Systems in the second quarter valued at approximately $466,000. Finally, Altshuler Shaham Ltd increased its stake in shares of Elbit Systems by 2.0% during the second quarter. Altshuler Shaham Ltd now owns 912,307 shares of the aerospace company’s stock valued at $161,177,000 after acquiring an additional 18,014 shares during the period. Institutional investors and hedge funds 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.