Elbit Systems (NASDAQ:ESLT) Sets New 12-Month High – Here’s What Happened

Elbit Systems Ltd. (NASDAQ:ESLT)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $361.75 and last traded at $358.56, with a volume of 10900 shares. The stock had previously closed at $354.23.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Elbit Systems from a “strong-buy” rating to a “buy” rating in a research note 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 business’s 50 day moving average is $303.89 and its 200 day moving average is $252.53. The stock has a market capitalization of $15.91 billion, a PE ratio of 61.07 and a beta of 0.53.

Hedge Funds Weigh In On Elbit Systems

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Elbit Systems by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 874,352 shares of the aerospace company’s stock valued at $229,268,000 after buying an additional 10,215 shares in the last quarter. Y.D. More Investments Ltd lifted its holdings in Elbit Systems by 10.1% during the 4th quarter. Y.D. More Investments Ltd now owns 449,747 shares of the aerospace company’s stock valued at $117,520,000 after buying an additional 41,401 shares in the last quarter. Invesco Ltd. lifted its holdings in Elbit Systems by 13.1% during the 4th quarter. Invesco Ltd. now owns 338,256 shares of the aerospace company’s stock valued at $87,294,000 after buying an additional 39,095 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Elbit Systems by 177.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 227,102 shares of the aerospace company’s stock valued at $59,207,000 after buying an additional 145,324 shares in the last quarter. Finally, Heard Capital LLC lifted its holdings in Elbit Systems by 4.8% during the 3rd quarter. Heard Capital LLC now owns 218,392 shares of the aerospace company’s stock valued at $43,700,000 after buying an additional 10,070 shares in the last quarter. 17.88% of the stock is owned by hedge funds and other institutional investors.

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.