Elbit Systems (NASDAQ:ESLT) Sets New 12-Month Low at $177.81

Elbit Systems Ltd. (NASDAQ:ESLT) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as $177.81 and last traded at $178.65, with a volume of 1646 shares trading hands. The stock had previously closed at $178.89.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Elbit Systems from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 29th.

Elbit Systems Stock Performance

The firm has a market cap of $7.90 billion, a PE ratio of 35.00 and a beta of 0.55. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.16 and a quick ratio of 0.66. The stock has a 50-day moving average price of $194.17 and a 200 day moving average price of $203.18.

Elbit Systems (NASDAQ:ESLT) last announced its earnings results on Tuesday, May 28th. The aerospace company reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.21. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.49 billion. Elbit Systems had a return on equity of 10.14% and a net margin of 3.70%. During the same period in the previous year, the company earned $1.70 earnings per share. Research analysts forecast that Elbit Systems Ltd. will post 7.45 earnings per share for the current year.

Elbit Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Tuesday, June 18th will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $2.00 dividend on an annualized basis and a yield of 1.12%. Elbit Systems’s dividend payout ratio (DPR) is 32.68%.

Institutional Investors Weigh In On Elbit Systems

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Public Sector Pension Investment Board boosted its holdings in Elbit Systems by 0.7% in the third quarter. Public Sector Pension Investment Board now owns 9,488 shares of the aerospace company’s stock worth $1,889,000 after purchasing an additional 67 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in shares of Elbit Systems by 12.2% in the fourth quarter. Quadrant Capital Group LLC now owns 624 shares of the aerospace company’s stock valued at $133,000 after buying an additional 68 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its position in Elbit Systems by 56.8% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 232 shares of the aerospace company’s stock worth $49,000 after purchasing an additional 84 shares in the last quarter. Mariner LLC increased its holdings in shares of Elbit Systems by 3.7% during the third quarter. Mariner LLC now owns 2,512 shares of the aerospace company’s stock worth $497,000 after buying an additional 90 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in shares of Elbit Systems by 21.2% during the fourth quarter. Parallel Advisors LLC now owns 537 shares of the aerospace company’s stock worth $114,000 after buying an additional 94 shares in the last quarter. Institutional investors and hedge funds 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.