Telos Capital Management Inc. purchased a new stake in L3 Technologies Inc (NYSE:LLL) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,023 shares of the aerospace company’s stock, valued at approximately $211,000.
A number of other institutional investors also recently made changes to their positions in LLL. Bronfman E.L. Rothschild L.P. grew its position in shares of L3 Technologies by 8.5% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 653 shares of the aerospace company’s stock worth $113,000 after acquiring an additional 51 shares during the last quarter. First Commonwealth Financial Corp PA grew its position in shares of L3 Technologies by 2.9% during the fourth quarter. First Commonwealth Financial Corp PA now owns 2,190 shares of the aerospace company’s stock worth $380,000 after acquiring an additional 62 shares during the last quarter. Mosaic Family Wealth LLC grew its position in shares of L3 Technologies by 36.1% during the fourth quarter. Mosaic Family Wealth LLC now owns 264 shares of the aerospace company’s stock worth $46,000 after acquiring an additional 70 shares during the last quarter. River Wealth Advisors LLC grew its position in shares of L3 Technologies by 16.1% during the fourth quarter. River Wealth Advisors LLC now owns 540 shares of the aerospace company’s stock worth $94,000 after acquiring an additional 75 shares during the last quarter. Finally, First Manhattan Co. grew its position in shares of L3 Technologies by 2.2% during the first quarter. First Manhattan Co. now owns 4,139 shares of the aerospace company’s stock worth $854,000 after acquiring an additional 90 shares during the last quarter. Institutional investors own 82.07% of the company’s stock.
Several equities research analysts recently weighed in on the company. Cowen reaffirmed a “buy” rating and set a $250.00 price target on shares of L3 Technologies in a report on Tuesday, January 29th. Zacks Investment Research downgraded L3 Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, January 30th. ValuEngine raised L3 Technologies from a “hold” rating to a “buy” rating in a report on Wednesday. Credit Suisse Group reaffirmed a “buy” rating and set a $229.00 price target on shares of L3 Technologies in a report on Wednesday, January 23rd. Finally, SunTrust Banks raised L3 Technologies to a “buy” rating and set a $265.00 price target for the company in a report on Thursday, May 2nd. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. L3 Technologies presently has a consensus rating of “Buy” and an average price target of $232.78.
L3 Technologies (NYSE:LLL) last released its earnings results on Wednesday, May 1st. The aerospace company reported $2.89 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.37. The company had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.53 billion. L3 Technologies had a return on equity of 15.50% and a net margin of 9.64%. L3 Technologies’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.34 earnings per share. Sell-side analysts predict that L3 Technologies Inc will post 11.74 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Friday, May 17th will be paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Thursday, May 16th. L3 Technologies’s dividend payout ratio (DPR) is presently 31.63%.
In other news, insider Todd W. Gautier sold 7,438 shares of L3 Technologies stock in a transaction on 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 Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.40% of the company’s stock.
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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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