
Ituran Location and Control (NASDAQ:ITRN) Reaches New 52-Week High - Time to Buy?

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Ituran Location and Control (NASDAQ:ITRN) reached a new 52-week high of $51.34, closing at $49.53. The company declared a $1.50 quarterly dividend, a 200% increase, and announced a $10 million share buyback. Q4 results showed EPS of $0.77, beating expectations. Analysts have a positive outlook, with Barclays raising the price target to $55.00. However, concerns about the sustainability of the dividend and potential short-term price drops due to the ex-dividend date on March 30 are noted. The stock has a market cap of $985.15 million and a P/E ratio of 17.02.
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