American Century Companies Inc. Has $115.88 Million Holdings in L3 Technologies Inc (LLL)

American Century Companies Inc. lowered its position in shares of L3 Technologies Inc (NYSE:LLL) by 14.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 544,991 shares of the aerospace company’s stock after selling 95,674 shares during the quarter. American Century Companies Inc. owned 0.69% of L3 Technologies worth $115,876,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its holdings in shares of 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 buying an additional 172,277 shares in the last quarter. Ashler Capital LLC lifted its holdings in shares of 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 buying an additional 131,586 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of 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 buying an additional 2,379 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of L3 Technologies by 0.8% in the third quarter. Wells Fargo & Company MN now owns 697,447 shares of the aerospace company’s stock worth $148,292,000 after buying an additional 5,284 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of L3 Technologies by 2.3% in the second quarter. Bank of America Corp DE now owns 593,419 shares of the aerospace company’s stock worth $114,126,000 after buying an additional 13,516 shares in the last quarter. 80.77% of the stock is currently owned by hedge funds and other institutional investors.

Shares of LLL opened at $195.38 on Friday. L3 Technologies Inc has a fifty-two week low of $180.24 and a fifty-two week high of $223.73. The firm has a market capitalization of $15.06 billion, a P/E ratio of 23.07, a price-to-earnings-growth ratio of 1.53 and a beta of 1.27. The company has a current ratio of 1.96, a quick ratio of 1.56 and a debt-to-equity ratio of 0.58.

L3 Technologies (NYSE:LLL) last announced its quarterly earnings results on Monday, October 15th. The aerospace company reported $2.85 earnings per share for the quarter, topping the consensus estimate of $2.39 by $0.46. L3 Technologies had a net margin of 10.64% and a return on equity of 14.37%. The company had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter in the previous year, the business posted $1.96 earnings per share. L3 Technologies’s quarterly revenue was up 9.9% on a year-over-year basis. As a group, analysts anticipate that L3 Technologies Inc will post 10.34 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 16th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Thursday, November 15th. L3 Technologies’s dividend payout ratio is presently 37.78%.

LLL has been the topic of several research analyst reports. Vertical Research raised shares of L3 Technologies from a “hold” rating to a “buy” rating in a report on Monday, October 15th. Zacks Investment Research raised shares of L3 Technologies from a “hold” rating to a “buy” rating and set a $238.00 target price on the stock in a report on Monday, October 1st. ValuEngine raised shares of L3 Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, July 31st. Citigroup boosted their target price on shares of L3 Technologies from $240.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, July 30th. Finally, SunTrust Banks boosted their target price on shares of L3 Technologies to $268.00 and gave the stock a “buy” rating in a report on Tuesday, October 16th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. L3 Technologies has a consensus rating of “Buy” and an average price target of $241.17.

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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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