Comerica Bank trimmed its holdings in L3 Technologies Inc (NYSE:LLL) by 18.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,359 shares of the aerospace company’s stock after selling 3,511 shares during the period. Comerica Bank’s holdings in L3 Technologies were worth $3,305,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Janus Henderson Group PLC grew its position in L3 Technologies by 10.1% in the second quarter. Janus Henderson Group PLC now owns 1,869,999 shares of the aerospace company’s stock worth $359,639,000 after acquiring an additional 172,277 shares in the last quarter. Ashler Capital LLC grew its position in L3 Technologies by 9.2% in the second quarter. Ashler Capital LLC now owns 1,554,698 shares of the aerospace company’s stock worth $299,000,000 after acquiring an additional 131,586 shares in the last quarter. Dimensional Fund Advisors LP grew its position in L3 Technologies by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 926,330 shares of the aerospace company’s stock worth $178,150,000 after acquiring an additional 2,379 shares in the last quarter. Wells Fargo & Company MN grew its position in L3 Technologies by 9.2% in the second quarter. Wells Fargo & Company MN now owns 692,163 shares of the aerospace company’s stock worth $133,117,000 after acquiring an additional 58,122 shares in the last quarter. Finally, American Century Companies Inc. grew its position in L3 Technologies by 32.3% in the second 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. 81.51% of the stock is owned by institutional investors.

Shares of L3 Technologies stock opened at $184.33 on Thursday. The company has a quick ratio of 1.56, a current ratio of 1.96 and a debt-to-equity ratio of 0.58. L3 Technologies Inc has a 1-year low of $180.24 and a 1-year high of $223.73. The firm has a market capitalization of $14.76 billion, a PE ratio of 21.76, a PEG ratio of 1.50 and a beta of 1.27.

L3 Technologies (NYSE:LLL) last issued its quarterly earnings data on Monday, October 15th. The aerospace company reported $2.85 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $2.85. L3 Technologies had a net margin of 10.64% and a return on equity of 14.71%. The business had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same period in the previous year, the company earned $1.96 earnings per share. L3 Technologies’s revenue for the quarter was up 9.9% on a year-over-year basis. As a group, analysts anticipate that L3 Technologies Inc will post 10.33 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Friday, November 16th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Thursday, November 15th. L3 Technologies’s payout ratio is 37.78%.

LLL has been the subject of several recent research reports. ValuEngine downgraded shares of L3 Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, September 4th. Zacks Investment Research downgraded shares of L3 Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, September 11th. UBS Group initiated coverage on shares of L3 Technologies in a research report on Wednesday, August 15th. They issued a “neutral” rating and a $230.00 target price for the company. Vertical Research raised shares of L3 Technologies from a “hold” rating to a “buy” rating in a research report on Monday, October 15th. Finally, JPMorgan Chase & Co. downgraded shares of L3 Technologies from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $245.00 to $240.00 in a research report on Friday, November 2nd. Four equities research 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 a consensus price target of $241.17.

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L3 Technologies Company 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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