Elbit Systems Ltd. (NASDAQ:eslt) declared a quarterly dividend on Tuesday, May 16th, NASDAQ reports. Stockholders of record on Friday, May 26th will be paid a dividend of 0.44 per share by the aerospace company on Tuesday, June 6th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Wednesday, May 24th.
Shares of Elbit Systems (ESLT) traded down 0.37% during trading on Friday, hitting $123.68. The stock had a trading volume of 13,261 shares. Elbit Systems has a one year low of $88.45 and a one year high of $127.97. The stock’s 50-day moving average price is $121.35 and its 200-day moving average price is $113.72. The company has a market cap of $5.29 billion, a P/E ratio of 22.96 and a beta of 0.62.
Elbit Systems (NASDAQ:ESLT) last announced its earnings results on Tuesday, May 16th. The aerospace company reported $1.21 EPS for the quarter. The business had revenue of $749.19 million for the quarter. Elbit Systems had a return on equity of 16.45% and a net margin of 7.00%. On average, equities research analysts forecast that Elbit Systems will post $6.20 EPS for the current fiscal year.
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An institutional investor recently raised its position in Elbit Systems stock. Morgan Stanley increased its stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 19.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,104 shares of the aerospace company’s stock after buying an additional 3,933 shares during the period. Morgan Stanley owned 0.06% of Elbit Systems worth $2,739,000 as of its most recent filing with the SEC. Institutional investors own 10.84% of the company’s stock.
Several brokerages recently commented on ESLT. BidaskClub upgraded Elbit Systems from a “buy” rating to a “strong-buy” rating in a report on Friday, June 9th. Chardan Capital began coverage on Elbit Systems in a report on Friday, May 5th. They set a “neutral” rating and a $110.00 target price on the stock.
Elbit Systems Company Profile
Elbit Systems Ltd. is an international technology company engaged in a range of programs across the world. The Company develops and supplies a portfolio of airborne, land and naval systems and products for defense, homeland security and commercial aviation applications. Its systems and products are installed on new platforms, and it also performs platform modernization programs.
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