Gulf International Bank UK Ltd Acquires 360 Shares of L3 Technologies Inc (LLL)
Gulf International Bank UK Ltd boosted its holdings in L3 Technologies Inc (NYSE:LLL) by 2.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,455 shares of the aerospace company’s stock after buying an additional 360 shares during the period. Gulf International Bank UK Ltd’s holdings in L3 Technologies were worth $3,808,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. ERTS Wealth Advisors LLC bought a new position in L3 Technologies in the 4th quarter valued at $40,000. Claybrook Capital LLC bought a new position in L3 Technologies in the 4th quarter valued at $41,000. IMS Capital Management bought a new position in L3 Technologies in the 3rd quarter valued at $43,000. Riverview Trust Co bought a new position in L3 Technologies in the 4th quarter valued at $45,000. Finally, Mosaic Family Wealth LLC boosted its holdings in L3 Technologies by 36.1% in the 4th quarter. Mosaic Family Wealth LLC now owns 264 shares of the aerospace company’s stock valued at $46,000 after purchasing an additional 70 shares during the period. Institutional investors and hedge funds own 82.57% of the company’s stock.
In other news, insider Todd W. Gautier sold 7,438 shares of L3 Technologies stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $205.69, for a total transaction of $1,529,922.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.40% of the company’s stock.
L3 Technologies (NYSE:LLL) last posted its quarterly earnings data on Tuesday, January 29th. The aerospace company reported $3.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.66 by $0.44. L3 Technologies had a net margin of 9.81% and a return on equity of 15.27%. The company had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.68 billion. During the same period in the previous year, the firm posted $2.25 EPS. The firm’s revenue was up 7.7% compared to the same quarter last year. On average, equities analysts expect that L3 Technologies Inc will post 11.48 EPS for the current year.
LLL has been the subject of several analyst reports. ValuEngine downgraded shares of L3 Technologies from a “buy” rating to a “hold” rating in a report on Sunday, December 23rd. Zacks Investment Research downgraded shares of L3 Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 3rd. Citigroup cut their price target on shares of L3 Technologies from $224.00 to $205.00 and set a “buy” rating for the company in a report on Monday, January 14th. Credit Suisse Group reissued a “buy” rating and issued a $229.00 price target on shares of L3 Technologies in a report on Wednesday, January 23rd. Finally, Cowen reissued a “buy” rating and issued a $250.00 price target on shares of L3 Technologies in a report on Tuesday, January 29th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $228.90.
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About L3 Technologies
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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