Gotham Asset Management LLC boosted its stake in shares of L3 Technologies Inc (NYSE:LLL) by 3,338.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,539 shares of the aerospace company’s stock after buying an additional 116,062 shares during the quarter. Gotham Asset Management LLC owned approximately 0.15% of L3 Technologies worth $23,651,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Personal Capital Advisors Corp lifted its holdings in L3 Technologies by 19.5% during the 4th quarter. Personal Capital Advisors Corp now owns 73,735 shares of the aerospace company’s stock valued at $14,589,000 after buying an additional 12,012 shares in the last quarter. Stonebridge Capital Advisors LLC bought a new stake in L3 Technologies during the 3rd quarter valued at about $1,598,000. Rhumbline Advisers lifted its holdings in L3 Technologies by 2.6% during the 4th quarter. Rhumbline Advisers now owns 138,536 shares of the aerospace company’s stock valued at $27,409,000 after buying an additional 3,467 shares in the last quarter. MUFG Americas Holdings Corp lifted its holdings in L3 Technologies by 281.7% during the 4th quarter. MUFG Americas Holdings Corp now owns 1,626 shares of the aerospace company’s stock valued at $321,000 after buying an additional 1,200 shares in the last quarter. Finally, Bank of Montreal Can lifted its holdings in L3 Technologies by 278.0% during the 4th quarter. Bank of Montreal Can now owns 94,982 shares of the aerospace company’s stock valued at $18,791,000 after buying an additional 69,854 shares in the last quarter. Institutional investors own 79.90% of the company’s stock.
Shares of L3 Technologies Inc (LLL) opened at $206.60 on Tuesday. The firm has a market cap of $16,064.07, a P/E ratio of 24.28, a price-to-earnings-growth ratio of 2.60 and a beta of 1.23. L3 Technologies Inc has a 12-month low of $159.43 and a 12-month high of $218.71. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.71 and a current ratio of 1.87.
L3 Technologies (NYSE:LLL) last announced its quarterly earnings data on Thursday, January 25th. The aerospace company reported $2.35 EPS for the quarter, beating the consensus estimate of $2.30 by $0.05. L3 Technologies had a net margin of 6.37% and a return on equity of 13.63%. The business had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same period in the previous year, the business posted $2.38 EPS. The business’s quarterly revenue was down 2.6% compared to the same quarter last year. equities analysts expect that L3 Technologies Inc will post 9.55 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.55%. This is a boost from L3 Technologies’s previous quarterly dividend of $0.75. The ex-dividend date was Wednesday, February 28th. L3 Technologies’s payout ratio is presently 37.60%.
In related news, insider Michael T. Strianese sold 39,515 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were 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 through this link. Also, Director Thomas A. Corcoran sold 1,546 shares of the business’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $207.40, for a total transaction of $320,640.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 437,983 shares of company stock valued at $90,904,038. Company insiders own 2.90% of the company’s stock.
A number of research firms have commented on LLL. Royal Bank of Canada reissued a “buy” rating and set a $250.00 target price on shares of L3 Technologies in a research report on Wednesday, January 24th. Cowen reissued a “buy” rating and set a $210.00 target price on shares of L3 Technologies in a research report on Wednesday, December 6th. Bank of America raised shares of L3 Technologies from a “neutral” rating to a “buy” rating and set a $205.00 price objective on the stock in a research report on Wednesday, January 17th. SunTrust Banks started coverage on shares of L3 Technologies in a research report on Monday, November 20th. They issued a “buy” rating on the stock. Finally, ValuEngine raised shares of L3 Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $215.30.
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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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