Marco Investment Management LLC trimmed its position in shares of L3 Technologies Inc (NYSE:LLL) by 7.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,995 shares of the aerospace company’s stock after selling 2,200 shares during the period. Marco Investment Management LLC’s holdings in L3 Technologies were worth $5,539,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Vestpro Financial Partners Inc. dba CPF Texas bought a new position in L3 Technologies in the 4th quarter worth about $107,000. Invictus RG bought a new position in L3 Technologies in the 3rd quarter worth about $135,000. NewSquare Capital LLC grew its stake in L3 Technologies by 2,510.7% in the 4th quarter. NewSquare Capital LLC now owns 731 shares of the aerospace company’s stock worth $145,000 after acquiring an additional 703 shares in the last quarter. Kings Point Capital Management bought a new position in L3 Technologies in the 4th quarter worth about $158,000. Finally, Parallel Advisors LLC grew its stake in L3 Technologies by 56.5% in the 3rd quarter. Parallel Advisors LLC now owns 961 shares of the aerospace company’s stock worth $178,000 after acquiring an additional 347 shares in the last quarter. Institutional investors own 79.90% of the company’s stock.
Shares of L3 Technologies Inc (NYSE LLL) opened at $206.60 on Tuesday. L3 Technologies Inc has a 52-week low of $159.43 and a 52-week 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. The company has a market cap of $16,064.07, a P/E ratio of 24.28, a P/E/G ratio of 2.60 and a beta of 1.23.
L3 Technologies (NYSE:LLL) last posted its earnings results on Thursday, January 25th. The aerospace company reported $2.35 EPS for the quarter, beating the Zacks’ 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 company had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter in the prior year, the company posted $2.38 earnings per share. L3 Technologies’s revenue for the quarter was down 2.6% compared to the same quarter last year. equities analysts forecast that L3 Technologies Inc will post 9.55 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were issued a $0.80 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.55%. This is a boost from L3 Technologies’s previous quarterly dividend of $0.75. L3 Technologies’s dividend payout ratio (DPR) is currently 37.60%.
In other L3 Technologies news, insider Michael T. Strianese sold 39,515 shares of the firm’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $202.35, for a total value of $7,995,860.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas A. Corcoran sold 1,546 shares of the firm’s stock in a transaction on Tuesday, March 13th. The stock was 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. In the last ninety days, insiders sold 437,983 shares of company stock valued at $90,904,038. Corporate insiders own 2.90% of the company’s stock.
LLL has been the topic of a number of research analyst reports. SunTrust Banks initiated coverage on shares of L3 Technologies in a research note on Monday, November 20th. They issued a “buy” rating on the stock. Credit Suisse Group restated an “outperform” rating on shares of L3 Technologies in a research note on Thursday, December 7th. Royal Bank of Canada restated a “buy” rating and issued a $250.00 target price on shares of L3 Technologies in a research note on Wednesday, January 24th. ValuEngine upgraded shares of L3 Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Cowen reiterated a “buy” rating and set a $225.00 price objective on shares of L3 Technologies in a research note on Friday, January 26th. Five investment 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 stock. The company has a consensus rating of “Buy” and an average price target of $215.30.
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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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