Elbit Systems (NASDAQ:ESLT) Sets New 1-Year High – Here’s What Happened

Elbit Systems Ltd. (NASDAQ:ESLT) hit a new 52-week high on Wednesday . The stock traded as high as $414.64 and last traded at $408.53, with a volume of 215135 shares changing hands. The stock had previously closed at $369.26.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Elbit Systems from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th.

Elbit Systems Price Performance

The company has a market cap of $18.16 billion, a P/E ratio of 69.83 and a beta of 0.53. The company has a fifty day moving average price of $312.94 and a two-hundred day moving average price of $257.80. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.64 and a current ratio of 1.15.

Hedge Funds Weigh In On Elbit Systems

Hedge funds have recently modified their holdings of the stock. Laird Norton Wetherby Wealth Management LLC lifted its stake in Elbit Systems by 2.9% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 2,094 shares of the aerospace company’s stock valued at $540,000 after purchasing an additional 60 shares during the last quarter. Blue Trust Inc. lifted its stake in Elbit Systems by 7.3% in the 4th quarter. Blue Trust Inc. now owns 987 shares of the aerospace company’s stock valued at $255,000 after purchasing an additional 67 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in Elbit Systems by 1.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 3,938 shares of the aerospace company’s stock valued at $1,031,000 after purchasing an additional 69 shares during the last quarter. Prestige Wealth Management Group LLC lifted its stake in Elbit Systems by 150.0% in the 4th quarter. Prestige Wealth Management Group LLC now owns 125 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 75 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in Elbit Systems by 0.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 12,402 shares of the aerospace company’s stock valued at $2,482,000 after purchasing an additional 92 shares during the last quarter. 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.