Qube Research & Technologies Ltd acquired a new position in shares of L3 Technologies Inc (NYSE:LLL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,823 shares of the aerospace company’s stock, valued at approximately $351,000.
Other large investors have also recently bought and sold shares of the company. Mount Yale Investment Advisors LLC acquired a new position in shares of L3 Technologies in the 1st quarter valued at $113,000. Institutional & Family Asset Management LLC acquired a new position in shares of L3 Technologies in the 1st quarter valued at $129,000. Piedmont Investment Advisors LLC acquired a new position in shares of L3 Technologies in the 2nd quarter valued at $177,000. Benjamin F. Edwards & Company Inc. lifted its stake in shares of L3 Technologies by 110.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 935 shares of the aerospace company’s stock valued at $180,000 after purchasing an additional 491 shares during the period. Finally, NEXT Financial Group Inc acquired a new position in shares of L3 Technologies in the 1st quarter valued at $203,000. 81.72% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have recently weighed in on the company. Zacks Investment Research raised L3 Technologies from a “hold” rating to a “buy” rating and set a $238.00 price target on the stock in a research note on Monday, October 1st. ValuEngine downgraded L3 Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, September 4th. UBS Group initiated coverage on L3 Technologies in a research note on Wednesday, August 15th. They set a “neutral” rating and a $230.00 price objective on the stock. Citigroup raised their price objective on L3 Technologies from $240.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, July 30th. Finally, Credit Suisse Group raised their price objective on L3 Technologies from $218.00 to $238.00 and gave the stock an “outperform” rating in a research note on Friday, July 27th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $236.82.
L3 Technologies stock traded up $2.30 during mid-day trading on Monday, hitting $212.58. 447,900 shares of the company’s stock were exchanged, compared to its average volume of 647,086. The company has a market capitalization of $16.65 billion, a PE ratio of 24.80, a PEG ratio of 2.28 and a beta of 1.23. L3 Technologies Inc has a fifty-two week low of $180.24 and a fifty-two week high of $218.71. The company has a current ratio of 1.82, a quick ratio of 1.49 and a debt-to-equity ratio of 0.60.
L3 Technologies (NYSE:LLL) last released its earnings results on Thursday, July 26th. The aerospace company reported $2.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.30 by $0.17. The firm had revenue of $2.58 billion during the quarter, compared to analysts’ expectations of $2.49 billion. L3 Technologies had a return on equity of 13.82% and a net margin of 8.74%. The company’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.54 EPS. Analysts predict that L3 Technologies Inc will post 10.03 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 17th. Shareholders of record on Friday, August 17th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend was Thursday, August 16th. L3 Technologies’s dividend payout ratio (DPR) is presently 37.78%.
L3 Technologies Company 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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