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

Shares of Elbit Systems Ltd. (NASDAQ:ESLT) reached a new 52-week high during trading on Wednesday . The company traded as high as $313.82 and last traded at $312.49, with a volume of 4527 shares. The stock had previously closed at $307.15.

Wall Street Analysts Forecast Growth

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

Elbit Systems Stock Up 1.3 %

The company has a market cap of $13.83 billion, a P/E ratio of 53.19 and a beta of 0.53. The stock has a 50-day moving average of $271.51 and a two-hundred day moving average of $229.76. 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 declared a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Monday, December 23rd were paid a $0.50 dividend. This is a boost from Elbit Systems’s previous quarterly dividend of $0.42. This represents a $2.00 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend was Monday, December 23rd. Elbit Systems’s payout ratio is 28.38%.

Hedge Funds Weigh In On Elbit Systems

A number of hedge funds have recently modified their holdings of the company. Y.D. More Investments Ltd increased its position in shares of Elbit Systems by 10.1% during the fourth quarter. Y.D. More Investments Ltd now owns 449,747 shares of the aerospace company’s stock valued at $117,520,000 after buying an additional 41,401 shares during the period. Meitav Investment House Ltd. raised its position in shares of Elbit Systems by 41.3% in the 3rd quarter. Meitav Investment House Ltd. now owns 336,836 shares of the aerospace company’s stock worth $67,264,000 after acquiring an additional 98,440 shares in the last quarter. Heard Capital LLC raised its position in shares of Elbit Systems by 4.8% in the 3rd quarter. Heard Capital LLC now owns 218,392 shares of the aerospace company’s stock worth $43,700,000 after acquiring an additional 10,070 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Elbit Systems by 12.2% during the third quarter. JPMorgan Chase & Co. now owns 170,703 shares of the aerospace company’s stock valued at $34,158,000 after purchasing an additional 18,614 shares in the last quarter. Finally, Swiss National Bank grew its stake in Elbit Systems by 0.5% in the third quarter. Swiss National Bank now owns 79,626 shares of the aerospace company’s stock worth $15,896,000 after purchasing an additional 368 shares during the period. Hedge funds and other 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.