Laurion Capital Management LP purchased a new stake in shares of L3 Technologies Inc (NYSE:LLL) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,393 shares of the aerospace company’s stock, valued at approximately $700,000.
A number of other hedge funds have also added to or reduced their stakes in LLL. Telos Capital Management Inc. bought a new position in L3 Technologies during the first quarter worth about $211,000. Cornell Pochily Investment Advisors Inc. increased its holdings in L3 Technologies by 12.9% during the fourth quarter. Cornell Pochily Investment Advisors Inc. now owns 1,750 shares of the aerospace company’s stock valued at $304,000 after buying an additional 200 shares during the last quarter. Essex Savings Bank purchased a new stake in L3 Technologies during the fourth quarter valued at approximately $251,000. ETRADE Capital Management LLC increased its holdings in L3 Technologies by 8.5% during the fourth quarter. ETRADE Capital Management LLC now owns 3,817 shares of the aerospace company’s stock valued at $663,000 after buying an additional 299 shares during the last quarter. Finally, IndexIQ Advisors LLC purchased a new stake in L3 Technologies during the fourth quarter valued at approximately $52,863,000. 82.34% of the stock is owned by hedge funds and other institutional investors.
In other L3 Technologies news, insider Todd W. Gautier sold 7,438 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $205.69, for a total transaction of $1,529,922.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.40% of the stock is owned by company insiders.
LLL stock opened at $242.15 on Friday. L3 Technologies Inc has a 52 week low of $158.76 and a 52 week high of $244.95. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.02 and a quick ratio of 1.65. The firm has a market cap of $19.24 billion, a price-to-earnings ratio of 22.53, a price-to-earnings-growth ratio of 2.22 and a beta of 1.28.
L3 Technologies (NYSE:LLL) last released its quarterly earnings data on Wednesday, May 1st. The aerospace company reported $2.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.52 by $0.37. L3 Technologies had a net margin of 9.64% and a return on equity of 15.50%. The business had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.53 billion. During the same quarter last year, the business earned $2.34 earnings per share. L3 Technologies’s quarterly revenue was up 13.9% compared to the same quarter last year. Research analysts anticipate that L3 Technologies Inc will post 11.78 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Friday, May 17th will be given a dividend of $0.85 per share. The ex-dividend date is Thursday, May 16th. This represents a $3.40 annualized dividend and a yield of 1.40%. L3 Technologies’s dividend payout ratio (DPR) is currently 31.63%.
A number of equities analysts recently weighed in on the stock. Credit Suisse Group upped their target price on shares of L3 Technologies from $232.00 to $258.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. Zacks Investment Research lowered shares of L3 Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, January 30th. ValuEngine upgraded shares of L3 Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, May 8th. Cowen restated a “buy” rating and set a $250.00 target price on shares of L3 Technologies in a research report on Wednesday, May 1st. Finally, SunTrust Banks upgraded shares of L3 Technologies to a “buy” rating and set a $265.00 target price for the company in a research report on Thursday, May 2nd. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $238.33.
L3 Technologies Company Profile
L3 Technologies, Inc provides aircraft sustainment, simulation and training, night vision and image intensification equipment, and security and detection systems used on military, homeland security, and commercial platforms in the United States and internationally. It operates in three segments: Intelligence, Surveillance and Reconnaissance (ISR) Systems; Communications and Networked Systems (C&NS); and Electronic Systems.
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