Shares of Elbit Systems Ltd (NASDAQ:ESLT) reached a new 52-week high on Monday . The stock traded as high as $153.72 and last traded at $153.85, with a volume of 2771 shares traded. The stock had previously closed at $154.56.
Separately, BidaskClub raised shares of Elbit Systems from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th.
The stock has a market capitalization of $6.61 billion, a price-to-earnings ratio of 24.04 and a beta of 0.79. The company has a current ratio of 1.10, a quick ratio of 0.73 and a debt-to-equity ratio of 0.26.
Elbit Systems (NASDAQ:ESLT) last announced its quarterly earnings data on Tuesday, May 28th. The aerospace company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.08 by $0.46. Elbit Systems had a net margin of 5.34% and a return on equity of 14.75%. The business had revenue of $1.02 billion during the quarter.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Friday, June 7th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Thursday, June 6th.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Penserra Capital Management LLC acquired a new stake in Elbit Systems during the 4th quarter valued at approximately $26,000. Bremer Bank National Association acquired a new stake in Elbit Systems during the 1st quarter valued at approximately $34,000. Bremer Trust National Association acquired a new stake in Elbit Systems during the 4th quarter valued at approximately $30,000. PRW Wealth Management LLC acquired a new stake in Elbit Systems during the 4th quarter valued at approximately $63,000. Finally, Quadrant Capital Group LLC lifted its stake in Elbit Systems by 60.6% during the 1st quarter. Quadrant Capital Group LLC now owns 1,177 shares of the aerospace company’s stock valued at $151,000 after acquiring an additional 444 shares during the period. Institutional investors and hedge funds own 7.94% of the company’s stock.
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About Elbit Systems (NASDAQ:ESLT)
Elbit Systems Ltd. develops and supplies a range of airborne, land, and naval systems and products for defense, homeland security, and commercial aviation applications worldwide. The company offers military aircraft and helicopter systems; commercial aviation systems and aero structures; unmanned aircraft systems and unmanned surface vessels; electro-optic and countermeasures systems; land vehicle systems; munitions; command, control, communications, computer, intelligence, surveillance, and reconnaissance and cyber systems; electronic warfare and signal intelligence systems; and commercial cyber security products.
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