Public Employees Retirement System of Ohio lifted its position in shares of L3 Technologies Inc (NYSE:LLL) by 4.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,624 shares of the aerospace company’s stock after purchasing an additional 1,898 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.06% of L3 Technologies worth $8,220,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC purchased a new position in shares of L3 Technologies in the second quarter worth $100,000. Bronfman E.L. Rothschild L.P. increased its position in L3 Technologies by 103.1% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 654 shares of the aerospace company’s stock valued at $109,000 after acquiring an additional 332 shares during the last quarter. Invictus RG purchased a new stake in L3 Technologies during the third quarter valued at $135,000. Parallel Advisors LLC increased its position in L3 Technologies by 56.5% during the third quarter. Parallel Advisors LLC now owns 961 shares of the aerospace company’s stock valued at $178,000 after acquiring an additional 347 shares during the last quarter. Finally, NEXT Financial Group Inc increased its position in L3 Technologies by 53.8% during the third quarter. NEXT Financial Group Inc now owns 1,012 shares of the aerospace company’s stock valued at $190,000 after acquiring an additional 354 shares during the last quarter. Institutional investors own 78.53% of the company’s stock.
In other news, insider Michael T. Strianese sold 39,515 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $197.04, for a total value of $7,786,035.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 124,122 shares of company stock valued at $24,409,338 in the last three months. Insiders own 2.90% of the company’s stock.
L3 Technologies Inc (LLL) traded up $2.99 on Friday, reaching $209.46. The company’s stock had a trading volume of 585,891 shares, compared to its average volume of 631,762. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.80 and a quick ratio of 1.62. The stock has a market cap of $16,370.00, a P/E ratio of 28.81, a P/E/G ratio of 3.31 and a beta of 1.19. L3 Technologies Inc has a one year low of $143.54 and a one year high of $209.98.
L3 Technologies (NYSE:LLL) last announced its earnings results on Thursday, October 26th. The aerospace company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.03. The business had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.68 billion. L3 Technologies had a return on equity of 14.00% and a net margin of 5.22%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.88 EPS. equities analysts anticipate that L3 Technologies Inc will post 8.38 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, November 17th were given a $0.75 dividend. The ex-dividend date was Thursday, November 16th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.43%. L3 Technologies’s payout ratio is 41.27%.
A number of analysts have commented on LLL shares. Cowen restated a “buy” rating and issued a $210.00 price target on shares of L3 Technologies in a research report on Wednesday, December 6th. Stifel Nicolaus upped their price objective on L3 Technologies from $195.00 to $205.00 and gave the stock a “hold” rating in a research note on Friday, October 27th. ValuEngine lowered L3 Technologies from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Royal Bank of Canada reaffirmed a “hold” rating on shares of L3 Technologies in a research note on Sunday, October 8th. Finally, Bank of America increased their price target on L3 Technologies from $185.00 to $205.00 and gave the company a “neutral” rating in a research note on Tuesday, October 10th. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. L3 Technologies presently has a consensus rating of “Buy” and an average price target of $195.20.
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L3 Technologies Profile
L3 Technologies, Inc, formerly L-3 Communications Holdings, Inc, is a prime contractor in Intelligence, Surveillance and Reconnaissance (ISR) systems, aircraft sustainment, simulation and training, night vision and image intensification equipment and security and detection systems. The Company provides a broad range of communication and electronic systems and products used on military and commercial platforms.
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