Elbit Systems (NASDAQ:ESLT) Hits New 1-Year High - What's Next?

Key Points

• Elbit Systems Ltd. shares reached a new 52-week high of $485.00, indicating strong trading activity and market interest.
• Bank of America has initiated coverage on Elbit Systems with a "buy" rating and a target price of $500.00, while Wall Street Zen upgraded it to a "strong-buy" rating.
• The company recently announced a quarterly dividend of $0.60, yielding 0.5%, and maintains a dividend payout ratio of 25.25%.

Elbit Systems Ltd. (NASDAQ:ESLT - Get Free Report) shares hit a new 52-week high during trading on Monday . The stock traded as high as $485.00 and last traded at $484.05, with a volume of 77391 shares traded. The stock had previously closed at $465.01.

Wall Street Analyst Weigh In

ESLT has been the subject of several research reports. Bank of America initiated coverage on shares of Elbit Systems in a report on Thursday, July 24th. They set a "buy" rating and a $500.00 price target for the company. Wall Street Zen upgraded shares of Elbit Systems from a "buy" rating to a "strong-buy" rating in a research note on Sunday, June 22nd.

Elbit Systems Trading Up 4.7%

The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.70 and a current ratio of 1.21. The business has a 50-day simple moving average of $435.19 and a two-hundred day simple moving average of $385.19. The stock has a market cap of $21.64 billion, a price-to-earnings ratio of 61.92, a P/E/G ratio of 1.81 and a beta of 0.33.

Elbit Systems (NASDAQ:ESLT - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The aerospace company reported $2.57 EPS for the quarter, beating the consensus estimate of $2.30 by $0.27. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.69 billion. Elbit Systems had a return on equity of 13.49% and a net margin of 4.95%. During the same quarter in the prior year, the firm posted $1.81 EPS. As a group, research analysts forecast that Elbit Systems Ltd. will post 8.05 EPS for the current year.

Elbit Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 7th. Investors of record on Tuesday, June 24th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Tuesday, June 24th. Elbit Systems's dividend payout ratio is 25.25%.

Institutional Investors Weigh In On Elbit Systems

A number of large investors have recently added to or reduced their stakes in ESLT. Activest Wealth Management bought a new position in Elbit Systems in the second quarter valued at about $28,000. Larson Financial Group LLC bought a new position in shares of Elbit Systems during the first quarter valued at about $29,000. Hurley Capital LLC bought a new position in shares of Elbit Systems during the fourth quarter valued at about $26,000. SBI Securities Co. Ltd. lifted its position in shares of Elbit Systems by 232.6% during the first quarter. SBI Securities Co. Ltd. now owns 153 shares of the aerospace company's stock valued at $59,000 after purchasing an additional 107 shares in the last quarter. Finally, SVB Wealth LLC bought a new position in Elbit Systems in the 1st quarter valued at $77,000. 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.

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