BB&T Securities LLC lessened its holdings in shares of L3 Technologies Inc (NYSE:LLL) by 5.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,421 shares of the aerospace company’s stock after selling 1,099 shares during the quarter. BB&T Securities LLC’s holdings in L3 Technologies were worth $3,734,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in LLL. Mount Yale Investment Advisors LLC acquired a new position in L3 Technologies during the first quarter worth approximately $113,000. Institutional & Family Asset Management LLC acquired a new position in L3 Technologies during the first quarter worth approximately $129,000. Cornerstone Wealth Management LLC acquired a new position in L3 Technologies during the second quarter worth approximately $166,000. Piedmont Investment Advisors LLC acquired a new position in L3 Technologies during the second quarter worth approximately $177,000. Finally, Benjamin F. Edwards & Company Inc. increased its position in L3 Technologies by 110.6% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 935 shares of the aerospace company’s stock worth $180,000 after buying an additional 491 shares during the last quarter. 81.72% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:LLL traded down $1.31 during trading on Friday, reaching $210.28. 469,821 shares of the stock were exchanged, compared to its average volume of 648,118. L3 Technologies Inc has a 12 month low of $180.24 and a 12 month high of $218.71. The stock has a market cap of $16.65 billion, a PE ratio of 24.83, a P/E/G ratio of 2.28 and a beta of 1.23. The company has a quick ratio of 1.49, a current ratio of 1.82 and a debt-to-equity ratio of 0.60.
L3 Technologies (NYSE:LLL) last issued its quarterly earnings data on Thursday, July 26th. The aerospace company reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.17. L3 Technologies had a return on equity of 13.82% and a net margin of 8.74%. The company had revenue of $2.58 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter in the previous year, the company posted $2.54 earnings per share. The business’s revenue was up 8.3% on a year-over-year basis. Equities research analysts expect that L3 Technologies Inc will post 10.03 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 17th. Investors of record on Friday, August 17th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.52%. The ex-dividend date was Thursday, August 16th. L3 Technologies’s dividend payout ratio (DPR) is currently 37.78%.
A number of equities analysts have weighed in on LLL shares. ValuEngine raised L3 Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, July 31st. Zacks Investment Research raised L3 Technologies from a “hold” rating to a “buy” rating and set a $237.00 price target on the stock in a research report on Monday, July 30th. Citigroup boosted their price target on L3 Technologies from $240.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, July 30th. Cowen restated a “buy” rating and set a $225.00 price objective on shares of L3 Technologies in a report on Tuesday, July 3rd. Finally, Jefferies Financial Group restated a “hold” rating and set a $222.00 price objective on shares of L3 Technologies in a report on Friday, July 27th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $236.82.
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.
Further Reading: What Factors Can Affect Return on Equity?
Receive News & Ratings for L3 Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for L3 Technologies and related companies with MarketBeat.com's FREE daily email newsletter.