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

Elbit Systems Ltd. (NASDAQ:ESLT) hit a new 52-week low during mid-day 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 Analyst Weigh In

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

Elbit Systems Trading Down 1.2 %

The firm’s 50 day simple moving average is $193.30 and its two-hundred day simple moving average is $202.82. The company has a quick ratio of 0.66, a current ratio of 1.16 and a debt-to-equity ratio of 0.12. The stock has a market cap of $7.84 billion, a P/E ratio of 34.69 and a beta of 0.55.

Elbit Systems (NASDAQ:ESLT) last released its quarterly earnings data on Tuesday, May 28th. The aerospace company reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.21. Elbit Systems had a net margin of 3.70% and a return on equity of 10.14%. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the prior year, the business earned $1.70 earnings per share. As a group, equities research analysts predict that Elbit Systems Ltd. will post 7.45 earnings per share for the current fiscal year.

Elbit Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Tuesday, June 18th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, June 18th. This represents a $2.00 dividend on an annualized basis and a yield of 1.13%. Elbit Systems’s dividend payout ratio is currently 32.68%.

Institutional Investors Weigh In On Elbit Systems

Several large investors have recently added to or reduced their stakes in ESLT. Public Sector Pension Investment Board grew its position in Elbit Systems by 0.7% in the 3rd 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 during the last quarter. Quadrant Capital Group LLC increased its position in Elbit Systems by 12.2% in the 4th quarter. Quadrant Capital Group LLC now owns 624 shares of the aerospace company’s stock valued at $133,000 after acquiring an additional 68 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its position in Elbit Systems by 56.8% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 232 shares of the aerospace company’s stock valued at $49,000 after acquiring an additional 84 shares during the period. Mariner LLC raised its stake in Elbit Systems by 3.7% during the 3rd quarter. Mariner LLC now owns 2,512 shares of the aerospace company’s stock valued at $497,000 after acquiring an additional 90 shares in the last quarter. Finally, Parallel Advisors LLC boosted its position in Elbit Systems by 21.2% during the 4th quarter. Parallel Advisors LLC now owns 537 shares of the aerospace company’s stock worth $114,000 after acquiring an additional 94 shares during the period. 17.88% of the stock is 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.