Elbit Systems Ltd. (NASDAQ:ESLT)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $134.58 and last traded at $134.58, with a volume of 25,673 shares traded. The stock had previously closed at $132.38.

A number of equities analysts have commented on the stock. BidaskClub downgraded shares of Elbit Systems from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Chardan Capital began coverage on shares of Elbit Systems in a research note on Friday, May 5th. They issued a “neutral” rating and a $110.00 target price on the stock.

The stock’s 50-day moving average price is $126.22 and its 200-day moving average price is $120.54. The firm has a market cap of $5.74 billion, a PE ratio of 24.0543 and a beta of 0.62.

Elbit Systems (NASDAQ:ESLT) last announced its quarterly earnings data on Tuesday, August 15th. The aerospace company reported $1.61 earnings per share for the quarter. The firm had revenue of $818.30 million during the quarter. Elbit Systems had a net margin of 7.23% and a return on equity of 16.59%. Analysts predict that Elbit Systems Ltd. will post $6.27 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its position in shares of Elbit Systems by 84.1% in the first quarter. JPMorgan Chase & Co. now owns 39,979 shares of the aerospace company’s stock worth $4,544,000 after buying an additional 18,258 shares during the period. Bartlett & Co. LLC acquired a new position in shares of Elbit Systems during the first quarter worth $114,000. FMR LLC boosted its position in shares of Elbit Systems by 63.3% in the first quarter. FMR LLC now owns 1,267,127 shares of the aerospace company’s stock worth $144,347,000 after buying an additional 491,263 shares during the period. Advisors Asset Management Inc. boosted its position in shares of Elbit Systems by 12.8% in the first quarter. Advisors Asset Management Inc. now owns 27,224 shares of the aerospace company’s stock worth $3,094,000 after buying an additional 3,097 shares during the period. Finally, Paloma Partners Management Co acquired a new position in shares of Elbit Systems during the first quarter worth $269,000. Hedge funds and other institutional investors own 10.79% of the company’s stock.

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About Elbit Systems

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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