TRUE Private Wealth Advisors bought a new position in shares of L3 Technologies Inc (NYSE:LLL) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 874 shares of the aerospace company’s stock, valued at approximately $186,000.

Other hedge funds also recently made changes to their positions in the company. Mount Yale Investment Advisors LLC acquired a new stake in L3 Technologies during the 1st quarter worth approximately $113,000. NEXT Financial Group Inc acquired a new stake in L3 Technologies during the 3rd quarter worth approximately $134,000. Cornerstone Wealth Management LLC acquired a new stake in L3 Technologies during the 2nd quarter worth approximately $166,000. Piedmont Investment Advisors LLC acquired a new stake in L3 Technologies during the 2nd quarter worth approximately $177,000. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in L3 Technologies by 110.6% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 935 shares of the aerospace company’s stock worth $180,000 after buying an additional 491 shares during the period. Hedge funds and other institutional investors own 81.26% of the company’s stock.

A number of analysts have recently issued reports on the stock. ValuEngine downgraded shares of L3 Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th. Zacks Investment Research downgraded shares of L3 Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, September 11th. UBS Group assumed coverage on shares of L3 Technologies in a report on Wednesday, August 15th. They issued a “neutral” rating and a $230.00 price objective on the stock. Vertical Research upgraded shares of L3 Technologies from a “hold” rating to a “buy” rating in a report on Monday, October 15th. Finally, Citigroup lifted their price objective on shares of L3 Technologies from $240.00 to $250.00 and gave the company a “buy” rating in a report on Monday, July 30th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. L3 Technologies presently has an average rating of “Buy” and an average price target of $241.27.

NYSE LLL opened at $215.23 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.49 and a current ratio of 1.82. L3 Technologies Inc has a 12-month low of $180.24 and a 12-month high of $223.73. The company has a market capitalization of $17.09 billion, a PE ratio of 23.93, a price-to-earnings-growth ratio of 2.27 and a beta of 1.23.

L3 Technologies (NYSE:LLL) last posted its quarterly earnings data on Monday, October 15th. The aerospace company reported $2.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.39 by $0.46. L3 Technologies had a net margin of 8.74% and a return on equity of 13.82%. The company had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period last year, the company earned $1.96 earnings per share. The firm’s revenue was up 9.9% compared to the same quarter last year. On average, analysts predict that L3 Technologies Inc will post 10.35 EPS for the current fiscal year.

About L3 Technologies

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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