NEXT Financial Group Inc bought a new stake in L3 Technologies Inc (NYSE:LLL) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 632 shares of the aerospace company’s stock, valued at approximately $134,000.
A number of other large investors have also recently modified their holdings of LLL. Mount Yale Investment Advisors LLC acquired a new stake in L3 Technologies in the first quarter valued at approximately $113,000. Cornerstone Wealth Management LLC acquired a new stake in L3 Technologies in the second quarter valued at approximately $166,000. Piedmont Investment Advisors LLC acquired a new stake in L3 Technologies in the second quarter valued at approximately $177,000. Benjamin F. Edwards & Company Inc. raised its holdings in L3 Technologies by 110.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 935 shares of the aerospace company’s stock valued at $180,000 after acquiring an additional 491 shares in the last quarter. Finally, BKD Wealth Advisors LLC acquired a new stake in L3 Technologies in the first quarter valued at approximately $205,000. 81.72% of the stock is currently owned by hedge funds and other institutional investors.
LLL stock opened at $195.78 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.49 and a current ratio of 1.82. L3 Technologies Inc has a twelve month low of $180.24 and a twelve month high of $218.71. The company has a market cap of $16.65 billion, a price-to-earnings ratio of 23.27, a P/E/G ratio of 2.28 and a beta of 1.23.
L3 Technologies (NYSE:LLL) last released its quarterly earnings data on Thursday, July 26th. The aerospace company reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.17. L3 Technologies had a net margin of 8.74% and a return on equity of 13.82%. The company had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter last year, the company earned $2.54 earnings per share. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. As a group, analysts predict that L3 Technologies Inc will post 10.03 earnings per share for the current year.
Several analysts recently weighed in on the stock. Zacks Investment Research raised shares of L3 Technologies from a “hold” rating to a “buy” rating and set a $238.00 target price on the stock in a report on Monday, October 1st. ValuEngine cut shares of L3 Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th. UBS Group assumed coverage on shares of L3 Technologies in a report on Wednesday, August 15th. They issued a “neutral” rating and a $230.00 target price on the stock. Citigroup raised their target price on shares of L3 Technologies from $240.00 to $250.00 and gave the company a “buy” rating in a report on Monday, July 30th. Finally, Credit Suisse Group raised their price objective on shares of L3 Technologies from $218.00 to $238.00 and gave the stock an “outperform” rating in a report on Friday, July 27th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $236.82.
L3 Technologies Profile
L3 Technologies, Inc provides aerospace systems, communication, electronic, and sensor systems used on military, homeland security, and commercial platforms in the United States and internationally. It offers simulation and training, night vision and image intensification equipment, and security and detection systems; and components, products, subsystems, and systems, as well as related services to military and commercial customers in various business areas, such as total training solutions, power and propulsion systems, aviation products, precision engagement systems, and security and detection systems.
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