US Bancorp DE reduced its holdings in shares of L3 Technologies Inc (NYSE:LLL) by 31.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,886 shares of the aerospace company’s stock after selling 4,034 shares during the quarter. US Bancorp DE’s holdings in L3 Technologies were worth $1,709,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of LLL. Summit Trail Advisors LLC grew its stake in shares of L3 Technologies by 13,429.5% during the 1st quarter. Summit Trail Advisors LLC now owns 1,065,987 shares of the aerospace company’s stock worth $1,066,000 after acquiring an additional 1,058,108 shares in the last quarter. PointState Capital LP grew its stake in shares of L3 Technologies by 4,174.7% during the 1st quarter. PointState Capital LP now owns 538,612 shares of the aerospace company’s stock worth $112,031,000 after acquiring an additional 526,012 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of L3 Technologies by 20.4% during the 1st quarter. JPMorgan Chase & Co. now owns 926,013 shares of the aerospace company’s stock worth $192,612,000 after acquiring an additional 156,822 shares in the last quarter. American Century Companies Inc. grew its stake in shares of L3 Technologies by 32.3% during the 2nd quarter. American Century Companies Inc. now owns 640,665 shares of the aerospace company’s stock worth $123,213,000 after acquiring an additional 156,357 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in shares of L3 Technologies by 902.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 153,380 shares of the aerospace company’s stock worth $31,903,000 after acquiring an additional 138,083 shares in the last quarter. 81.80% of the stock is owned by institutional investors.

NYSE:LLL opened at $211.60 on Friday. L3 Technologies Inc has a 1-year low of $180.20 and a 1-year high of $218.71. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.82 and a quick ratio of 1.49. The firm has a market capitalization of $16.53 billion, a P/E ratio of 23.14, a PEG ratio of 2.27 and a beta of 1.23.

L3 Technologies (NYSE:LLL) last released its earnings results on Thursday, July 26th. The aerospace company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.17. L3 Technologies had a net margin of 8.74% and a return on equity of 13.82%. The business had revenue of $2.58 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same period last year, the business earned $2.54 earnings per share. The firm’s revenue was up 8.3% on a year-over-year basis. sell-side analysts anticipate that L3 Technologies Inc will post 10.02 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 17th. Investors of record on Friday, August 17th will be paid a $0.80 dividend. The ex-dividend date is Thursday, August 16th. This represents a $3.20 annualized dividend and a dividend yield of 1.51%. L3 Technologies’s dividend payout ratio is presently 37.78%.

Several equities analysts have recently weighed in on the stock. ValuEngine cut shares of L3 Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday. UBS Group assumed coverage on shares of L3 Technologies in a research note on Wednesday, August 15th. They set a “neutral” rating and a $230.00 price target for the company. Zacks Investment Research raised shares of L3 Technologies from a “hold” rating to a “buy” rating and set a $237.00 price target for the company in a research note on Monday, July 30th. Citigroup raised their price target on shares of L3 Technologies from $240.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, July 30th. Finally, Credit Suisse Group raised their price target on shares of L3 Technologies from $218.00 to $238.00 and gave the stock an “outperform” rating in a research note on Friday, July 27th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. L3 Technologies has a consensus rating of “Buy” and a consensus price target of $234.08.

L3 Technologies Profile

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.

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

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