L3 Technologies Inc (NYSE:LLL) Holdings Lifted by Millennium Management LLC

Millennium Management LLC raised its holdings in shares of L3 Technologies Inc (NYSE:LLL) by 52.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 703,966 shares of the aerospace company’s stock after buying an additional 240,875 shares during the quarter. Millennium Management LLC owned about 0.90% of L3 Technologies worth $139,280,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Personal Capital Advisors Corp grew its position in L3 Technologies by 19.5% during the fourth quarter. Personal Capital Advisors Corp now owns 73,735 shares of the aerospace company’s stock worth $14,589,000 after buying an additional 12,012 shares in the last quarter. Stonebridge Capital Advisors LLC purchased a new position in L3 Technologies during the third quarter worth about $1,598,000. MUFG Americas Holdings Corp grew its position in L3 Technologies by 281.7% during the fourth quarter. MUFG Americas Holdings Corp now owns 1,626 shares of the aerospace company’s stock worth $321,000 after buying an additional 1,200 shares in the last quarter. Rhumbline Advisers grew its position in L3 Technologies by 2.6% during the fourth quarter. Rhumbline Advisers now owns 138,536 shares of the aerospace company’s stock worth $27,409,000 after buying an additional 3,467 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its position in L3 Technologies by 6.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 11,168 shares of the aerospace company’s stock worth $2,209,000 after buying an additional 654 shares in the last quarter. Institutional investors and hedge funds own 79.93% of the company’s stock.

How to Become a New Pot Stock Millionaire

LLL has been the subject of several recent analyst reports. Zacks Investment Research cut L3 Technologies from a “buy” rating to a “hold” rating in a research report on Monday, March 12th. ValuEngine upgraded L3 Technologies from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. SunTrust Banks upped their price objective on L3 Technologies to $253.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Barclays initiated coverage on L3 Technologies in a report on Thursday, March 29th. They issued an “overweight” rating and a $274.00 price objective for the company. Finally, Bank of America upgraded L3 Technologies from a “neutral” rating to a “buy” rating and set a $205.00 price objective for the company in a report on Wednesday, January 17th. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $224.50.

NYSE LLL opened at $207.78 on Friday. L3 Technologies Inc has a 1-year low of $159.43 and a 1-year high of $218.71. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.87 and a quick ratio of 1.71. The stock has a market capitalization of $16,485.70, a PE ratio of 24.53, a P/E/G ratio of 2.67 and a beta of 1.21.

L3 Technologies (NYSE:LLL) last released its earnings results on Thursday, January 25th. The aerospace company reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.05. L3 Technologies had a return on equity of 13.63% and a net margin of 6.37%. The company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the previous year, the company posted $2.38 EPS. L3 Technologies’s revenue for the quarter was down 2.6% on a year-over-year basis. equities research analysts forecast that L3 Technologies Inc will post 9.55 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date was Wednesday, February 28th. This is a positive change from L3 Technologies’s previous quarterly dividend of $0.75. L3 Technologies’s payout ratio is 37.78%.

In other news, Chairman Michael T. Strianese sold 39,515 shares of the business’s stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $206.02, for a total value of $8,140,880.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dan Azmon sold 1,772 shares of the business’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $203.82, for a total value of $361,169.04. The disclosure for this sale can be found here. In the last three months, insiders sold 517,013 shares of company stock valued at $107,431,977. 2.90% of the stock is currently owned by corporate insiders.

COPYRIGHT VIOLATION WARNING: “L3 Technologies Inc (NYSE:LLL) Holdings Lifted by Millennium Management LLC” was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece of content on another site, it was stolen and reposted in violation of United States & international trademark and copyright laws. The original version of this piece of content can be read at https://www.dispatchtribunal.com/2018/04/07/l3-technologies-inc-lll-shares-bought-by-millennium-management-llc.html.

About L3 Technologies

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.

Institutional Ownership by Quarter for L3 Technologies (NYSE:LLL)

Receive News & Ratings for L3 Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for L3 Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply