Elbit Systems (NASDAQ:ESLT) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Shares of Elbit Systems Ltd. (NASDAQ:ESLT) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $225.55 and traded as high as $296.91. Elbit Systems shares last traded at $296.09, with a volume of 21,285 shares traded.

Analyst Ratings Changes

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

Elbit Systems Price Performance

The company has a current ratio of 1.15, a quick ratio of 0.64 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $13.16 billion, a price-to-earnings ratio of 50.61 and a beta of 0.52. The stock has a 50-day moving average price of $266.12 and a 200 day moving average price of $225.55.

Elbit Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Monday, December 23rd were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.68%. This is a boost from Elbit Systems’s previous quarterly dividend of $0.42. The ex-dividend date was Monday, December 23rd. Elbit Systems’s payout ratio is presently 28.38%.

Institutional Investors Weigh In On Elbit Systems

Institutional investors have recently bought and sold shares of the company. Coastline Trust Co acquired a new stake in Elbit Systems in the 3rd quarter worth about $34,000. Point72 DIFC Ltd acquired a new stake in Elbit Systems in the 2nd quarter worth about $35,000. Morse Asset Management Inc acquired a new stake in Elbit Systems in the 3rd quarter worth about $40,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Elbit Systems during the 3rd quarter worth approximately $63,000. Finally, Avior Wealth Management LLC boosted its holdings in shares of Elbit Systems by 49.1% during the 3rd quarter. Avior Wealth Management LLC now owns 480 shares of the aerospace company’s stock worth $96,000 after purchasing an additional 158 shares during the last quarter. 17.88% of the stock is currently owned by institutional investors and hedge funds.

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.