Private Advisor Group LLC Acquires 1,414 Shares of L3 Technologies Inc (LLL)
Private Advisor Group LLC raised its holdings in L3 Technologies Inc (NYSE:LLL) by 52.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,107 shares of the aerospace company’s stock after acquiring an additional 1,414 shares during the period. Private Advisor Group LLC’s holdings in L3 Technologies were worth $873,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in LLL. Swiss National Bank acquired a new stake in L3 Technologies in the 2nd quarter valued at about $50,307,000. Janus Henderson Group PLC raised its holdings in L3 Technologies by 10.1% in the 2nd quarter. Janus Henderson Group PLC now owns 1,869,999 shares of the aerospace company’s stock valued at $359,639,000 after acquiring an additional 172,277 shares during the last quarter. American Century Companies Inc. raised its holdings in L3 Technologies by 32.3% in the 2nd quarter. American Century Companies Inc. now owns 640,665 shares of the aerospace company’s stock valued at $123,213,000 after acquiring an additional 156,357 shares during the last quarter. Rovida Advisors Inc. acquired a new stake in shares of L3 Technologies during the 2nd quarter worth approximately $29,257,000. Finally, Ashler Capital LLC increased its holdings in shares of L3 Technologies by 9.2% during the 2nd quarter. Ashler Capital LLC now owns 1,554,698 shares of the aerospace company’s stock worth $299,000,000 after buying an additional 131,586 shares during the last quarter. Institutional investors own 81.51% of the company’s stock.
L3 Technologies stock opened at $187.50 on Tuesday. L3 Technologies Inc has a fifty-two week low of $180.24 and a fifty-two week high of $223.73. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.96 and a quick ratio of 1.56. The company has a market capitalization of $15.07 billion, a P/E ratio of 22.14, a P/E/G ratio of 1.53 and a beta of 1.27.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 16th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $3.20 annualized dividend and a yield of 1.71%. L3 Technologies’s dividend payout ratio (DPR) is presently 37.78%.
LLL has been the subject of a number of recent analyst reports. Credit Suisse Group raised their price target on shares of L3 Technologies from $238.00 to $272.00 and gave the stock an “outperform” rating in a report on Monday, October 15th. SunTrust Banks raised their price target on shares of L3 Technologies to $268.00 and gave the stock a “buy” rating in a report on Tuesday, October 16th. 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. Finally, Vertical Research upgraded shares of L3 Technologies from a “hold” rating to a “buy” rating in a report on Monday, October 15th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. L3 Technologies has a consensus rating of “Buy” and an average price target of $241.17.
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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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