Invesco Ltd. Purchases 39,095 Shares of Elbit Systems Ltd. (NASDAQ:ESLT)

Invesco Ltd. increased its holdings in Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 13.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 338,256 shares of the aerospace company's stock after buying an additional 39,095 shares during the quarter. Invesco Ltd. owned about 0.76% of Elbit Systems worth $87,294,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Elbit Systems by 177.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 227,102 shares of the aerospace company's stock valued at $59,207,000 after buying an additional 145,324 shares during the period. Y.D. More Investments Ltd grew its position in Elbit Systems by 10.1% during the fourth quarter. Y.D. More Investments Ltd now owns 449,747 shares of the aerospace company's stock valued at $117,520,000 after purchasing an additional 41,401 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Elbit Systems by 12.2% during the third quarter. JPMorgan Chase & Co. now owns 170,703 shares of the aerospace company's stock worth $34,158,000 after acquiring an additional 18,614 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Elbit Systems by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 874,352 shares of the aerospace company's stock valued at $229,268,000 after buying an additional 10,215 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Elbit Systems in the fourth quarter valued at approximately $1,999,000. Institutional investors own 17.88% of the company's stock.

Wall Street Analysts Forecast Growth

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

Elbit Systems Stock Performance

NASDAQ ESLT traded up $1.16 during trading on Friday, hitting $406.22. The company's stock had a trading volume of 45,139 shares, compared to its average volume of 38,459. The company has a quick ratio of 0.64, a current ratio of 1.15 and a debt-to-equity ratio of 0.10. Elbit Systems Ltd. has a 52 week low of $175.30 and a 52 week high of $420.00. The firm has a 50 day moving average price of $358.85 and a 200 day moving average price of $289.11. The firm has a market cap of $18.06 billion, a P/E ratio of 69.44 and a beta of 0.32.

Elbit Systems (NASDAQ:ESLT - Get Free Report) last released its quarterly earnings data on Tuesday, March 18th. The aerospace company reported $2.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.95 by $0.71. Elbit Systems had a return on equity of 11.34% and a net margin of 4.00%. The business had revenue of $1.93 billion for the quarter, compared to analysts' expectations of $1.78 billion. Equities research analysts forecast that Elbit Systems Ltd. will post 8.05 earnings per share for the current fiscal year.

Elbit Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Tuesday, April 22nd will be issued a $0.60 dividend. The ex-dividend date is Tuesday, April 22nd. This is a boost from Elbit Systems's previous quarterly dividend of $0.50. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.59%. Elbit Systems's dividend payout ratio is presently 27.72%.

Elbit Systems 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.