Elbit Systems (NASDAQ:ESLT) Hits New 12-Month High at $153.72

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.

WARNING: This article was reported by The Lincolnian Online and is owned by of The Lincolnian Online. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The original version of this article can be accessed at https://www.thelincolnianonline.com/2019/06/17/elbit-systems-nasdaqeslt-hits-new-12-month-high-at-153-72.html.

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.

Further Reading: Strike Price

Receive News & Ratings for Elbit Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Elbit Systems and related companies with MarketBeat.com's FREE daily email newsletter.