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 Thursday . The stock traded as high as $361.75 and last traded at $358.56, with a volume of 10900 shares changing hands. The stock had previously closed at $354.23.

Wall Street Analysts Forecast Growth

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

Elbit Systems Trading Up 2.0 %

The company has a quick ratio of 0.64, a current ratio of 1.15 and a debt-to-equity ratio of 0.10. The firm’s 50-day moving average price is $305.85 and its 200 day moving average price is $253.28. The company has a market capitalization of $16.35 billion, a P/E ratio of 62.86 and a beta of 0.53.

Institutional Investors Weigh In On Elbit Systems

A number of institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its stake in shares of Elbit Systems by 99.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,390 shares of the aerospace company’s stock valued at $678,000 after buying an additional 1,690 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Elbit Systems by 12.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 170,703 shares of the aerospace company’s stock worth $34,158,000 after acquiring an additional 18,614 shares during the last quarter. Stifel Financial Corp grew its holdings in Elbit Systems by 50.3% in the 3rd quarter. Stifel Financial Corp now owns 10,531 shares of the aerospace company’s stock worth $2,107,000 after acquiring an additional 3,524 shares during the last quarter. Systematic Financial Management LP grew its holdings in Elbit Systems by 12.1% in the 3rd quarter. Systematic Financial Management LP now owns 74,322 shares of the aerospace company’s stock worth $14,872,000 after acquiring an additional 8,000 shares during the last quarter. Finally, Heard Capital LLC lifted its position in shares of Elbit Systems by 4.8% in the 3rd quarter. Heard Capital LLC now owns 218,392 shares of the aerospace company’s stock worth $43,700,000 after purchasing an additional 10,070 shares during the period. 17.88% of the stock is owned by institutional investors.

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.