IFG Advisory LLC Has $371,000 Holdings in L3 Technologies Inc (LLL)
IFG Advisory LLC raised its position in L3 Technologies Inc (NYSE:LLL) by 8.6% during the first quarter, HoldingsChannel.com reports. The fund owned 1,802 shares of the aerospace company’s stock after purchasing an additional 143 shares during the quarter. IFG Advisory LLC’s holdings in L3 Technologies were worth $371,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Piedmont Investment Advisors Inc. boosted its stake in L3 Technologies by 9.4% during the first quarter. Piedmont Investment Advisors Inc. now owns 1,280 shares of the aerospace company’s stock worth $264,000 after acquiring an additional 110 shares in the last quarter. Barings LLC bought a new stake in L3 Technologies during the first quarter worth about $229,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in L3 Technologies by 81.5% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,350 shares of the aerospace company’s stock worth $1,517,000 after acquiring an additional 3,300 shares in the last quarter. Laurion Capital Management LP bought a new stake in L3 Technologies during the first quarter worth about $700,000. Finally, Garrison Point Advisors LLC bought a new stake in L3 Technologies during the first quarter worth about $203,000. Hedge funds and other institutional investors own 82.34% of the company’s stock.
Shares of NYSE LLL opened at $242.15 on Friday. The company has a market capitalization of $19.24 billion, a PE ratio of 22.53, a PEG ratio of 2.22 and a beta of 1.28. L3 Technologies Inc has a 52-week low of $158.76 and a 52-week high of $244.95. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.65 and a current ratio of 2.02.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Friday, May 17th will be paid a $0.85 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $3.40 annualized dividend and a dividend yield of 1.40%. L3 Technologies’s dividend payout ratio is presently 31.63%.
In other news, insider Todd W. Gautier sold 7,438 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $205.69, for a total value of $1,529,922.22. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.40% of the company’s stock.
Several research firms recently commented on LLL. ValuEngine raised shares of L3 Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, May 8th. Credit Suisse Group boosted their price objective on shares of L3 Technologies from $232.00 to $258.00 and gave the stock an “outperform” rating in a research note on Thursday, May 2nd. SunTrust Banks raised shares of L3 Technologies to a “buy” rating and set a $265.00 price objective on the stock in a research note on Thursday, May 2nd. Cowen reissued a “buy” rating and set a $250.00 price objective on shares of L3 Technologies in a research note on Wednesday, May 1st. Finally, Barclays boosted their price objective on shares of L3 Technologies from $245.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, May 16th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. L3 Technologies presently has an average rating of “Buy” and a consensus price target 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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