Mason Street Advisors LLC Increases Holdings in L3 Technologies Inc (LLL)

Mason Street Advisors LLC raised its holdings in shares of L3 Technologies Inc (NYSE:LLL) by 2.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,315 shares of the aerospace company’s stock after purchasing an additional 220 shares during the quarter. Mason Street Advisors LLC’s holdings in L3 Technologies were worth $2,335,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in LLL. Telos Capital Management Inc. bought a new position in L3 Technologies during the 1st quarter worth $211,000. Cornell Pochily Investment Advisors Inc. increased its position in L3 Technologies by 12.9% during the 4th quarter. Cornell Pochily Investment Advisors Inc. now owns 1,750 shares of the aerospace company’s stock worth $304,000 after buying an additional 200 shares during the period. Essex Savings Bank bought a new position in L3 Technologies during the 4th quarter worth $251,000. ETRADE Capital Management LLC increased its position in L3 Technologies by 8.5% during the 4th quarter. ETRADE Capital Management LLC now owns 3,817 shares of the aerospace company’s stock worth $663,000 after buying an additional 299 shares during the period. Finally, IndexIQ Advisors LLC bought a new position in L3 Technologies during the 4th quarter worth $52,863,000. 82.34% of the stock is owned by institutional investors and hedge funds.

In other L3 Technologies 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 value of $1,529,922.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Todd W. Gautier sold 3,600 shares of L3 Technologies stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $214.86, for a total value of $773,496.00. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.

Shares of NYSE LLL opened at $243.63 on Thursday. The company has a current ratio of 2.02, a quick ratio of 1.65 and a debt-to-equity ratio of 0.54. L3 Technologies Inc has a 52 week low of $158.76 and a 52 week high of $244.95. The firm has a market capitalization of $19.30 billion, a P/E ratio of 22.66, a P/E/G ratio of 2.22 and a beta of 1.28.

L3 Technologies (NYSE:LLL) last issued its quarterly earnings results on Wednesday, May 1st. The aerospace company reported $2.89 EPS for the quarter, topping the Zacks’ consensus estimate of $2.52 by $0.37. L3 Technologies had a return on equity of 15.50% and a net margin of 9.64%. The company had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.53 billion. During the same quarter last year, the business earned $2.34 earnings per share. L3 Technologies’s revenue was up 13.9% on a year-over-year basis. As a group, equities analysts anticipate that L3 Technologies Inc will post 11.78 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Friday, May 17th will be given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Thursday, May 16th. L3 Technologies’s dividend payout ratio is presently 31.63%.

Several research analysts have weighed in on LLL shares. Cowen reiterated a “buy” rating and set a $250.00 price objective on shares of L3 Technologies in a research report on Tuesday, January 29th. Zacks Investment Research cut L3 Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 23rd. Credit Suisse Group reiterated a “buy” rating and set a $229.00 price objective on shares of L3 Technologies in a research report on Wednesday, January 23rd. SunTrust Banks upgraded L3 Technologies to a “buy” rating and set a $265.00 price objective on the stock in a research report on Thursday, May 2nd. Finally, Barclays increased their price objective on L3 Technologies from $245.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, May 16th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $238.33.

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

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