Elbit Systems (NASDAQ:ESLT) Hits New 12-Month High - What's Next?

Elbit Systems Ltd. (NASDAQ:ESLT - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $427.60 and last traded at $419.53, with a volume of 62945 shares changing hands. The stock had previously closed at $416.13.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Elbit Systems from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th.

Elbit Systems Stock Performance

The company has a current ratio of 1.15, a quick ratio of 0.64 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $18.68 billion, a PE ratio of 71.83 and a beta of 0.31. The firm's 50-day simple moving average is $395.44 and its 200-day simple moving average is $333.16.

Elbit Systems (NASDAQ:ESLT - Get Free Report) last posted its quarterly earnings results on Tuesday, May 20th. The aerospace company reported $2.57 EPS for the quarter, beating the consensus estimate of $2.30 by $0.27. Elbit Systems had a net margin of 4.00% and a return on equity of 11.34%. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same quarter in the previous year, the business posted $1.81 EPS. On average, research analysts predict that Elbit Systems Ltd. will post 8.05 earnings per share for the current year.

Elbit Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Tuesday, June 24th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, June 24th. This represents a $2.40 annualized dividend and a dividend yield of 0.57%. Elbit Systems's dividend payout ratio is currently 25.25%.

Institutional Investors Weigh In On Elbit Systems

Large investors have recently modified their holdings of the business. Hurley Capital LLC bought a new position in shares of Elbit Systems during the 4th quarter worth approximately $26,000. Larson Financial Group LLC purchased a new stake in Elbit Systems during the 1st quarter worth approximately $29,000. Prestige Wealth Management Group LLC grew its position in Elbit Systems by 150.0% during the 4th quarter. Prestige Wealth Management Group LLC now owns 125 shares of the aerospace company's stock worth $32,000 after purchasing an additional 75 shares during the last quarter. Smartleaf Asset Management LLC grew its position in Elbit Systems by 196.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 160 shares of the aerospace company's stock worth $41,000 after purchasing an additional 106 shares during the last quarter. Finally, Sierra Ocean LLC purchased a new stake in Elbit Systems during the 4th quarter worth approximately $41,000. Institutional investors own 17.88% of the company's stock.

About Elbit Systems

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.