Elbit Systems (NASDAQ:ESLT) Sets New 1-Year High – Still a Buy?

Elbit Systems Ltd. (NASDAQ:ESLT)’s stock price reached a new 52-week high on Monday . The stock traded as high as $266.36 and last traded at $266.36, with a volume of 1363 shares. The stock had previously closed at $257.78.

Analyst Upgrades and Downgrades

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

Elbit Systems Trading Up 1.2 %

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 $11.58 billion, a P/E ratio of 44.52 and a beta of 0.52. The business has a 50-day moving average price of $237.09 and a two-hundred day moving average price of $207.33.

Elbit Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Monday, December 23rd will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.77%. This is a boost from Elbit Systems’s previous quarterly dividend of $0.42. The ex-dividend date is Monday, December 23rd. Elbit Systems’s dividend payout ratio (DPR) is 28.38%.

Hedge Funds Weigh In On Elbit Systems

Several hedge funds and other institutional investors have recently modified their holdings of ESLT. Mackenzie Financial Corp raised its stake in Elbit Systems by 4.0% during the second quarter. Mackenzie Financial Corp now owns 1,452 shares of the aerospace company’s stock worth $253,000 after acquiring an additional 56 shares in the last quarter. First Trust Direct Indexing L.P. increased its position in Elbit Systems by 2.5% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 2,987 shares of the aerospace company’s stock worth $598,000 after purchasing an additional 72 shares in the last quarter. TD Asset Management Inc boosted its position in Elbit Systems by 0.8% in the second quarter. TD Asset Management Inc now owns 8,839 shares of the aerospace company’s stock valued at $1,545,000 after buying an additional 73 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of Elbit Systems by 0.7% during the third 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 increased its holdings in shares of Elbit Systems by 8.8% during the third 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 in 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.