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

Elbit Systems Ltd. (NASDAQ:ESLT)’s stock price reached a new 52-week high on Thursday . The company 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.

Analyst Upgrades and Downgrades

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

Elbit Systems Price Performance

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 has a market cap of $16.35 billion, a PE ratio of 62.86 and a beta of 0.53. The firm’s fifty day simple moving average is $305.85 and its two-hundred day simple moving average is $253.28.

Institutional Investors Weigh In On Elbit Systems

Hedge funds have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership grew its holdings in shares of Elbit Systems by 177.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 227,102 shares of the aerospace company’s stock worth $59,207,000 after purchasing an additional 145,324 shares during the last quarter. Y.D. More Investments Ltd lifted its position in shares of Elbit Systems by 10.1% during the fourth 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 during the last quarter. Invesco Ltd. raised its position in shares of Elbit Systems by 13.1% in the 4th quarter. Invesco Ltd. now owns 338,256 shares of the aerospace company’s stock valued at $87,294,000 after purchasing an additional 39,095 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Elbit Systems by 12.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 170,703 shares of the aerospace company’s stock valued at $34,158,000 after purchasing an additional 18,614 shares during the last quarter. Finally, FIL Ltd acquired a new position in Elbit Systems in the 4th quarter worth approximately $4,616,000. Hedge funds and other institutional investors own 17.88% of the company’s stock.

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.