Personal Capital Advisors Corp raised its holdings in L3 Technologies Inc (NYSE:LLL) by 19.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 73,735 shares of the aerospace company’s stock after acquiring an additional 12,012 shares during the period. Personal Capital Advisors Corp owned approximately 0.09% of L3 Technologies worth $14,589,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Royal Bank of Canada raised its holdings in shares of L3 Technologies by 102.8% during the 2nd quarter. Royal Bank of Canada now owns 58,870 shares of the aerospace company’s stock valued at $9,836,000 after buying an additional 29,845 shares in the last quarter. Stonebridge Capital Advisors LLC purchased a new position in shares of L3 Technologies during the 3rd quarter valued at about $1,598,000. Janus Henderson Group PLC raised its holdings in shares of L3 Technologies by 7,291.5% during the 2nd quarter. Janus Henderson Group PLC now owns 717,270 shares of the aerospace company’s stock valued at $119,840,000 after buying an additional 707,566 shares in the last quarter. Koch Industries Inc. purchased a new position in shares of L3 Technologies during the 2nd quarter valued at about $279,000. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of L3 Technologies by 50.7% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 50,702 shares of the aerospace company’s stock valued at $9,554,000 after buying an additional 17,052 shares in the last quarter. 78.94% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently weighed in on the company. Royal Bank of Canada reissued a “buy” rating and set a $250.00 price objective on shares of L3 Technologies in a report on Wednesday, January 24th. Cowen reissued a “buy” rating and set a $210.00 price objective on shares of L3 Technologies in a report on Wednesday, December 6th. Stifel Nicolaus raised their price target on L3 Technologies from $195.00 to $205.00 and gave the stock a “hold” rating in a research report on Friday, October 27th. Bank of America upgraded L3 Technologies from a “neutral” rating to a “buy” rating and set a $205.00 price target on the stock in a research report on Wednesday, January 17th. Finally, Zacks Investment Research lowered L3 Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $215.30.
In other news, insider Michael T. Strianese sold 22,545 shares of L3 Technologies stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $196.26, for a total value of $4,424,681.70. The sale was disclosed in a document filed with the SEC, which is available through this link. Over the last quarter, insiders sold 259,635 shares of company stock worth $53,575,810. Corporate insiders own 2.90% of the company’s stock.
L3 Technologies Inc (NYSE:LLL) traded up $3.72 on Friday, reaching $202.51. The company had a trading volume of 886,604 shares, compared to its average volume of 756,844. The company has a current ratio of 1.89, a quick ratio of 1.72 and a debt-to-equity ratio of 0.65. L3 Technologies Inc has a fifty-two week low of $159.43 and a fifty-two week high of $218.71. The company has a market cap of $15,824.54, a price-to-earnings ratio of 23.80, a price-to-earnings-growth ratio of 2.57 and a beta of 1.26.
L3 Technologies (NYSE:LLL) last issued its quarterly earnings data on Thursday, January 25th. The aerospace company reported $2.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.30 by $0.05. The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.55 billion. L3 Technologies had a return on equity of 13.63% and a net margin of 6.37%. The business’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period last year, the company earned $2.38 EPS. equities research analysts anticipate that L3 Technologies Inc will post 9.55 EPS for the current fiscal year.
L3 Technologies Company 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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