Heritage Investors Management Corp Raises Stake in L3 Technologies Inc (LLL)

Heritage Investors Management Corp grew its holdings in L3 Technologies Inc (NYSE:LLL) by 23.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,007 shares of the aerospace company’s stock after purchasing an additional 1,340 shares during the period. Heritage Investors Management Corp’s holdings in L3 Technologies were worth $1,490,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Mutual of America Capital Management LLC increased its holdings in shares of L3 Technologies by 1.0% in the 2nd quarter. Mutual of America Capital Management LLC now owns 24,330 shares of the aerospace company’s stock valued at $4,679,000 after purchasing an additional 238 shares during the period. Pillar Pacific Capital Management LLC increased its holdings in L3 Technologies by 6.6% in the third quarter. Pillar Pacific Capital Management LLC now owns 4,631 shares of the aerospace company’s stock worth $984,000 after buying an additional 285 shares during the last quarter. Hudson Capital Management LLC increased its holdings in L3 Technologies by 13.2% in the third quarter. Hudson Capital Management LLC now owns 2,465 shares of the aerospace company’s stock worth $524,000 after buying an additional 287 shares during the last quarter. Northstar Asset Management LLC increased its holdings in L3 Technologies by 3.1% in the second quarter. Northstar Asset Management LLC now owns 10,000 shares of the aerospace company’s stock worth $1,923,000 after buying an additional 300 shares during the last quarter. Finally, CIBC Asset Management Inc increased its holdings in L3 Technologies by 4.2% in the second quarter. CIBC Asset Management Inc now owns 7,533 shares of the aerospace company’s stock worth $1,449,000 after buying an additional 306 shares during the last quarter. Institutional investors own 80.77% of the company’s stock.

A number of equities analysts recently commented on LLL shares. Vertical Research upgraded L3 Technologies from a “hold” rating to a “buy” rating in a report on Monday, October 15th. Zacks Investment Research upgraded L3 Technologies from a “hold” rating to a “buy” rating and set a $238.00 price objective on the stock in a report on Monday, October 1st. ValuEngine upgraded L3 Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, July 31st. Citigroup increased their price objective on 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 increased their price objective on L3 Technologies to $268.00 and gave the stock a “buy” rating in a report on Tuesday, October 16th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. L3 Technologies has a consensus rating of “Buy” and an average target price of $241.17.

Shares of L3 Technologies stock opened at $195.38 on Friday. The company has a market cap of $15.31 billion, a price-to-earnings ratio of 23.07, a P/E/G ratio of 1.56 and a beta of 1.27. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.96 and a quick ratio of 1.56. L3 Technologies Inc has a 12-month low of $180.24 and a 12-month high of $223.73.

L3 Technologies (NYSE:LLL) last announced its earnings results on Monday, October 15th. The aerospace company reported $2.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.39 by $0.46. The firm had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.50 billion. L3 Technologies had a return on equity of 14.37% and a net margin of 10.64%. The company’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.96 earnings per share. As a group, equities analysts predict that L3 Technologies Inc will post 10.33 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Friday, November 16th will be given a dividend of $0.80 per share. The ex-dividend date is Thursday, November 15th. This represents a $3.20 dividend on an annualized basis and a yield of 1.64%. L3 Technologies’s payout ratio is currently 37.78%.

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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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Institutional Ownership by Quarter for L3 Technologies (NYSE:LLL)

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