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

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

Analysts Set New Price Targets

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 Stock Performance

The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.64 and a current ratio of 1.15. The company has a market capitalization of $15.91 billion, a P/E ratio of 61.07 and a beta of 0.53. The business’s fifty day simple moving average is $303.89 and its 200-day simple moving average is $252.53.

Institutional Trading of Elbit Systems

A number of institutional investors and hedge funds have recently bought and sold shares of ESLT. Hurley Capital LLC bought a new stake in Elbit Systems in the 4th quarter valued at $26,000. Prestige Wealth Management Group LLC grew its stake in shares of Elbit Systems by 150.0% in the 4th quarter. Prestige Wealth Management Group LLC now owns 125 shares of the aerospace company’s stock worth $32,000 after buying an additional 75 shares in the last quarter. Coastline Trust Co purchased a new position in shares of Elbit Systems in the 3rd quarter worth $34,000. Morse Asset Management Inc purchased a new position in shares of Elbit Systems in the 3rd quarter worth $40,000. Finally, Sierra Ocean LLC purchased a new position in shares of Elbit Systems in the 4th quarter worth $41,000. 17.88% of the stock is currently owned by 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.