Gideon Capital Advisors Inc. acquired a new stake in shares of L3 Technologies Inc (NYSE:LLL) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,075 shares of the aerospace company’s stock, valued at approximately $399,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mount Yale Investment Advisors LLC acquired a new position in shares of L3 Technologies during the 1st quarter valued at about $113,000. Institutional & Family Asset Management LLC acquired a new position in shares of L3 Technologies during the 1st quarter valued at about $129,000. Bray Capital Advisors acquired a new position in shares of L3 Technologies during the 1st quarter valued at about $177,000. Piedmont Investment Advisors LLC acquired a new position in shares of L3 Technologies during the 2nd quarter valued at about $177,000. Finally, Benjamin F. Edwards & Company Inc. increased its stake in shares of L3 Technologies by 110.6% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 935 shares of the aerospace company’s stock valued at $180,000 after acquiring an additional 491 shares during the last quarter. 79.16% of the stock is owned by institutional investors.

LLL has been the subject of a number of research analyst reports. Citigroup upped their price objective on shares of L3 Technologies from $240.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, July 30th. Cowen reissued a “buy” rating and set a $225.00 target price on shares of L3 Technologies in a research report on Tuesday, July 3rd. Zacks Investment Research raised shares of L3 Technologies from a “hold” rating to a “buy” rating and set a $209.00 target price for the company in a research report on Thursday, May 3rd. ValuEngine raised shares of L3 Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, July 12th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $220.00 target price on shares of L3 Technologies in a research report on Wednesday, July 11th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $234.08.

LLL opened at $210.38 on Monday. The company has a market cap of $16.45 billion, a P/E ratio of 24.84, a price-to-earnings-growth ratio of 2.26 and a beta of 1.25. L3 Technologies Inc has a 1 year low of $177.50 and a 1 year high of $218.71. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.82 and a quick ratio of 1.49.

L3 Technologies (NYSE:LLL) last posted its earnings results on Thursday, July 26th. The aerospace company reported $2.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.30 by $0.17. The firm had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.49 billion. L3 Technologies had a net margin of 8.74% and a return on equity of 13.82%. The company’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.54 EPS. analysts expect that L3 Technologies Inc will post 10.02 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 17th. Investors of record on Friday, August 17th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Thursday, August 16th. L3 Technologies’s dividend payout ratio (DPR) is presently 37.78%.

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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