CENTRAL TRUST Co lifted its position in L3 Technologies Inc (NYSE:LLL) by 65.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,575 shares of the aerospace company’s stock after buying an additional 1,021 shares during the quarter. CENTRAL TRUST Co’s holdings in L3 Technologies were worth $447,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of LLL. IMS Capital Management purchased a new position in shares of L3 Technologies in the 3rd quarter worth approximately $43,000. Honkamp Krueger Financial Services Inc. purchased a new position in shares of L3 Technologies in the 3rd quarter worth approximately $122,000. Point72 Hong Kong Ltd grew its position in L3 Technologies by 2,067.9% during the 3rd quarter. Point72 Hong Kong Ltd now owns 607 shares of the aerospace company’s stock worth $129,000 after purchasing an additional 579 shares during the last quarter. NEXT Financial Group Inc purchased a new stake in L3 Technologies during the 3rd quarter worth approximately $134,000. Finally, Belpointe Asset Management LLC purchased a new stake in L3 Technologies during the 3rd quarter worth approximately $138,000. 79.97% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:LLL opened at $175.58 on Friday. The company has a current ratio of 1.96, a quick ratio of 1.56 and a debt-to-equity ratio of 0.58. L3 Technologies Inc has a twelve month low of $158.76 and a twelve month high of $223.73. The company has a market cap of $13.45 billion, a price-to-earnings ratio of 20.73, a P/E/G ratio of 1.60 and a beta of 1.16.
L3 Technologies (NYSE:LLL) last announced its quarterly earnings data on Monday, October 15th. The aerospace company reported $2.85 EPS for the quarter, meeting the consensus estimate of $2.85. L3 Technologies had a net margin of 10.64% and a return on equity of 14.71%. The business had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same period in the previous year, the business posted $1.96 EPS. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, equities research analysts expect that L3 Technologies Inc will post 10.33 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 17th. Shareholders of record on Friday, November 16th were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend was Thursday, November 15th. L3 Technologies’s payout ratio is 37.78%.
Several analysts have weighed in on the stock. Credit Suisse Group boosted their target price on shares of L3 Technologies from $238.00 to $272.00 and gave the stock an “outperform” rating in a research report on Monday, October 15th. SunTrust Banks boosted their target price on shares of L3 Technologies to $268.00 and gave the stock a “buy” rating in a research report on Tuesday, October 16th. ValuEngine raised shares of L3 Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, October 16th. 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 research report on Monday, October 1st. Finally, Vertical Research raised shares of L3 Technologies from a “hold” rating to a “buy” rating in a research report on Monday, October 15th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $236.67.
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About L3 Technologies
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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