Nisa Investment Advisors LLC boosted its holdings in shares of L3 Technologies Inc (NYSE:LLL) by 4.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,227 shares of the aerospace company’s stock after buying an additional 1,000 shares during the quarter. Nisa Investment Advisors LLC’s holdings in L3 Technologies were worth $4,381,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. increased its position in L3 Technologies by 1.1% during the third quarter. Vanguard Group Inc. now owns 8,734,137 shares of the aerospace company’s stock worth $1,857,051,000 after buying an additional 96,559 shares during the last quarter. Vanguard Group Inc grew its position in shares of L3 Technologies by 1.1% in the third quarter. Vanguard Group Inc now owns 8,734,137 shares of the aerospace company’s stock valued at $1,857,051,000 after purchasing an additional 96,559 shares during the last quarter. Geode Capital Management LLC grew its position in shares of L3 Technologies by 9.2% in the fourth quarter. Geode Capital Management LLC now owns 1,031,121 shares of the aerospace company’s stock valued at $178,755,000 after purchasing an additional 86,642 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of L3 Technologies by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 928,890 shares of the aerospace company’s stock valued at $161,292,000 after purchasing an additional 5,194 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of L3 Technologies in the fourth quarter valued at about $129,509,000. 82.57% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Todd W. Gautier sold 7,438 shares of L3 Technologies stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $205.69, for a total transaction of $1,529,922.22. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.40% of the stock is owned by company insiders.
Several brokerages have recently issued reports on LLL. Zacks Investment Research downgraded L3 Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 23rd. Citigroup lowered their price target on L3 Technologies from $224.00 to $205.00 and set a “buy” rating on the stock in a research report on Monday, January 14th. Credit Suisse Group reaffirmed a “buy” rating and issued a $229.00 price target on shares of L3 Technologies in a research report on Wednesday, January 23rd. Cowen reaffirmed a “buy” rating and issued a $250.00 price target on shares of L3 Technologies in a research report on Tuesday, January 29th. Finally, ValuEngine downgraded L3 Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, December 23rd. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $228.90.
Shares of NYSE:LLL opened at $214.67 on Monday. The stock has a market capitalization of $17.04 billion, a PE ratio of 19.97, a price-to-earnings-growth ratio of 2.01 and a beta of 1.27. L3 Technologies Inc has a 52-week low of $158.76 and a 52-week high of $223.73. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.61 and a current ratio of 1.97.
L3 Technologies (NYSE:LLL) last issued its quarterly earnings results on Tuesday, January 29th. The aerospace company reported $3.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.66 by $0.44. L3 Technologies had a return on equity of 15.27% and a net margin of 9.81%. The company had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.68 billion. During the same period last year, the business posted $2.25 earnings per share. The firm’s revenue was up 7.7% compared to the same quarter last year. On average, sell-side analysts predict that L3 Technologies Inc will post 11.48 earnings per share for the current year.
L3 Technologies 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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