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

Elbit Systems Ltd. (NASDAQ:ESLT) hit a new 52-week high on Monday . The company traded as high as $334.65 and last traded at $332.32, with a volume of 13878 shares. The stock had previously closed at $310.99.

Wall Street Analysts Forecast Growth

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

Elbit Systems Stock Up 3.5 %

The company has a market capitalization of $15.65 billion, a P/E ratio of 60.18 and a beta of 0.53. The stock has a 50 day moving average price of $292.59 and a 200 day moving average price of $246.42. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.64 and a current ratio of 1.15.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets lifted its stake in Elbit Systems by 99.4% in the third quarter. BNP Paribas Financial Markets now owns 3,390 shares of the aerospace company’s stock valued at $678,000 after purchasing an additional 1,690 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Elbit Systems by 12.2% in the third quarter. JPMorgan Chase & Co. now owns 170,703 shares of the aerospace company’s stock worth $34,158,000 after buying an additional 18,614 shares in the last quarter. Stifel Financial Corp boosted 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 valued at $2,107,000 after purchasing an additional 3,524 shares during the period. Systematic Financial Management LP grew its position in shares of Elbit Systems by 12.1% during the 3rd quarter. Systematic Financial Management LP now owns 74,322 shares of the aerospace company’s stock valued at $14,872,000 after purchasing an additional 8,000 shares in the last quarter. Finally, Heard Capital LLC increased its holdings in shares of Elbit Systems by 4.8% in the third 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.

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.