Nuveen Asset Management LLC Increases Position in L3 Technologies Inc (LLL)

Nuveen Asset Management LLC increased its holdings in shares of L3 Technologies Inc (NYSE:LLL) by 0.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 72,847 shares of the aerospace company’s stock after acquiring an additional 278 shares during the period. Nuveen Asset Management LLC owned approximately 0.09% of L3 Technologies worth $12,651,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. IMS Capital Management purchased a new stake in shares of L3 Technologies during the 3rd quarter worth $43,000. ERTS Wealth Advisors LLC purchased a new stake in shares of L3 Technologies in the fourth quarter valued at about $40,000. Claybrook Capital LLC purchased a new stake in shares of L3 Technologies in the fourth quarter valued at about $41,000. Riverview Trust Co purchased a new stake in shares of L3 Technologies in the fourth quarter valued at about $45,000. Finally, Mosaic Family Wealth LLC raised its holdings in shares of L3 Technologies by 36.1% in the fourth quarter. Mosaic Family Wealth LLC now owns 264 shares of the aerospace company’s stock valued at $46,000 after buying an additional 70 shares during the last quarter. 82.58% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently commented on the stock. Zacks Investment Research cut shares of L3 Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, January 30th. ValuEngine lowered shares of L3 Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, December 23rd. Citigroup dropped their price target on shares of L3 Technologies from $224.00 to $205.00 and set a “buy” rating on the stock in a research note on Monday, January 14th. Cowen reiterated a “buy” rating and set a $250.00 price target on shares of L3 Technologies in a research note on Tuesday, January 29th. Finally, Credit Suisse Group restated a “buy” rating and set a $229.00 target price on shares of L3 Technologies in a research report on Wednesday, January 23rd. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. L3 Technologies has a consensus rating of “Buy” and an average target price of $228.90.

In other news, insider Todd W. Gautier sold 7,438 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $205.69, for a total value of $1,529,922.22. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Todd W. Gautier sold 3,600 shares of the firm’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $214.86, for a total transaction of $773,496.00. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by company insiders.

NYSE:LLL traded down $2.68 during trading hours on Monday, reaching $214.38. 456,110 shares of the company were exchanged, compared to its average volume of 556,138. The company has a quick ratio of 1.61, a current ratio of 1.97 and a debt-to-equity ratio of 0.56. The company has a market cap of $17.23 billion, a P/E ratio of 19.94, a P/E/G ratio of 2.00 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.

L3 Technologies (NYSE:LLL) last posted its quarterly earnings results on Tuesday, January 29th. The aerospace company reported $3.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.66 by $0.44. The company had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.68 billion. L3 Technologies had a net margin of 9.81% and a return on equity of 15.27%. L3 Technologies’s revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.25 earnings per share. Research analysts forecast that L3 Technologies Inc will post 11.5 earnings per share for the current fiscal year.

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About L3 Technologies

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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Institutional Ownership by Quarter for L3 Technologies (NYSE:LLL)

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