Invesco Ltd. Sells 9,274 Shares of Elbit Systems Ltd. (NASDAQ:ESLT)

Invesco Ltd. decreased its position in Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 2.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 328,982 shares of the aerospace company's stock after selling 9,274 shares during the quarter. Invesco Ltd. owned about 0.74% of Elbit Systems worth $126,224,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Larson Financial Group LLC bought a new stake in Elbit Systems during the first quarter worth approximately $29,000. SBI Securities Co. Ltd. boosted its position in Elbit Systems by 232.6% during the first quarter. SBI Securities Co. Ltd. now owns 153 shares of the aerospace company's stock worth $59,000 after purchasing an additional 107 shares during the period. Tower Research Capital LLC TRC bought a new stake in Elbit Systems during the fourth quarter worth approximately $73,000. National Bank of Canada FI boosted its position in Elbit Systems by 8.6% during the first quarter. National Bank of Canada FI now owns 393 shares of the aerospace company's stock worth $151,000 after purchasing an additional 31 shares during the period. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in Elbit Systems during the first quarter worth approximately $203,000. Institutional investors own 17.88% of the company's stock.

Elbit Systems Stock Down 0.4%

ESLT opened at $459.77 on Friday. Elbit Systems Ltd. has a 1-year low of $188.53 and a 1-year high of $494.32. The company has a current ratio of 1.21, a quick ratio of 0.70 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $20.44 billion, a price-to-earnings ratio of 52.19, a P/E/G ratio of 1.80 and a beta of 0.33. The business has a 50 day moving average of $445.63 and a 200-day moving average of $394.20.

Elbit Systems (NASDAQ:ESLT - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The aerospace company reported $3.23 earnings per share for the quarter, beating the consensus estimate of $2.57 by $0.66. Elbit Systems had a return on equity of 15.10% and a net margin of 5.35%. The company had revenue of $1.97 billion during the quarter, compared to analysts' expectations of $1.89 billion. During the same period in the prior year, the business earned $2.08 earnings per share. As a group, sell-side analysts anticipate that Elbit Systems Ltd. will post 8.05 earnings per share for the current year.

Elbit Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Tuesday, October 14th will be given a $0.75 dividend. This is a positive change from Elbit Systems's previous quarterly dividend of $0.60. This represents a $3.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, October 14th. Elbit Systems's dividend payout ratio (DPR) is currently 25.38%.

Analysts Set New Price Targets

ESLT has been the subject of a number of recent analyst reports. Bank of America initiated coverage on Elbit Systems in a research report on Thursday, July 24th. They set a "buy" rating and a $500.00 target price for the company. Wall Street Zen cut Elbit Systems from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th.

About Elbit Systems

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.

Want to see what other hedge funds are holding ESLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Elbit Systems Ltd. (NASDAQ:ESLT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.