Elbit Systems (NASDAQ:ESLT) Hits New 1-Year High – Should You Buy?

Shares of Elbit Systems Ltd. (NASDAQ:ESLT) hit a new 52-week high during trading on Monday . The stock traded as high as $225.79 and last traded at $225.25, with a volume of 5870 shares traded. The stock had previously closed at $210.33.

Analyst Ratings Changes

Separately, StockNews.com raised Elbit Systems from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th.

Elbit Systems Price Performance

The stock has a market capitalization of $10.14 billion, a P/E ratio of 41.69 and a beta of 0.53. The company has a 50 day moving average of $201.75 and a 200-day moving average of $194.69. The company has a quick ratio of 0.63, a current ratio of 1.13 and a debt-to-equity ratio of 0.10.

Elbit Systems (NASDAQ:ESLT) last posted its quarterly earnings results on Wednesday, August 14th. The aerospace company reported $2.08 EPS for the quarter, beating the consensus estimate of $1.77 by $0.31. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.57 billion. Elbit Systems had a net margin of 3.85% and a return on equity of 10.70%. During the same period in the previous year, the business posted $1.57 EPS. Sell-side analysts predict that Elbit Systems Ltd. will post 7.8 EPS for the current year.

Elbit Systems Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Tuesday, October 15th will be issued a $0.416 dividend. This represents a $1.66 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Tuesday, October 15th. Elbit Systems’s dividend payout ratio (DPR) is presently 30.51%.

Institutional Investors Weigh In On Elbit Systems

A number of institutional investors have recently added to or reduced their stakes in the company. First Trust Direct Indexing L.P. raised its stake in shares of Elbit Systems by 2.5% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 2,987 shares of the aerospace company’s stock worth $598,000 after buying an additional 72 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Elbit Systems by 1.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 53,971 shares of the aerospace company’s stock worth $10,799,000 after acquiring an additional 593 shares in the last quarter. Spectrum Asset Management Inc. NB CA bought a new position in shares of Elbit Systems during the 3rd quarter valued at about $762,000. Signaturefd LLC grew its stake in shares of Elbit Systems by 24.9% in the 3rd quarter. Signaturefd LLC now owns 1,124 shares of the aerospace company’s stock worth $225,000 after purchasing an additional 224 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in Elbit Systems by 8.8% during the third quarter. Sequoia Financial Advisors LLC now owns 1,421 shares of the aerospace company’s stock valued at $284,000 after purchasing an additional 115 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.