L3 Technologies Inc (LLL) Shares Sold by Uniplan Investment Counsel Inc.
Uniplan Investment Counsel Inc. lessened its position in L3 Technologies Inc (NYSE:LLL) by 10.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,220 shares of the aerospace company’s stock after selling 2,957 shares during the quarter. Uniplan Investment Counsel Inc.’s holdings in L3 Technologies were worth $4,206,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the stock. Claybrook Capital LLC purchased a new stake in shares of L3 Technologies in the 4th quarter valued at $41,000. Mosaic Family Wealth LLC raised its holdings in shares of 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 buying an additional 70 shares during the period. ERTS Wealth Advisors LLC purchased a new stake in shares of L3 Technologies in the 4th quarter valued at $40,000. Geode Capital Management LLC raised its holdings in shares of L3 Technologies by 9.2% in the 4th quarter. Geode Capital Management LLC now owns 1,031,121 shares of the aerospace company’s stock valued at $178,755,000 after buying an additional 86,642 shares during the period. Finally, Fort L.P. raised its holdings in shares of L3 Technologies by 86.6% in the 4th quarter. Fort L.P. now owns 2,822 shares of the aerospace company’s stock valued at $490,000 after buying an additional 1,310 shares during the period. Hedge funds and other institutional investors own 82.20% of the company’s stock.
Several equities research analysts recently issued reports on LLL shares. ValuEngine downgraded L3 Technologies from a “buy” rating to a “hold” rating in a report on Sunday, December 23rd. Cowen reiterated a “buy” rating and issued a $250.00 price objective on shares of L3 Technologies in a report on Tuesday, January 29th. Zacks Investment Research cut L3 Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, January 30th. Credit Suisse Group reissued a “buy” rating and set a $229.00 target price on shares of L3 Technologies in a research note on Wednesday, January 23rd. Finally, Barclays lowered their target price on L3 Technologies from $274.00 to $220.00 and set an “overweight” rating for the company in a research note on Tuesday, December 4th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $228.90.
LLL opened at $207.07 on Friday. L3 Technologies Inc has a 12 month low of $158.76 and a 12 month high of $223.73. The firm has a market cap of $16.43 billion, a P/E ratio of 19.26, a P/E/G ratio of 1.94 and a beta of 1.28. The company has a quick ratio of 1.61, a current ratio of 1.97 and a debt-to-equity ratio of 0.56.
L3 Technologies (NYSE:LLL) last released its earnings results on Tuesday, January 29th. The aerospace company reported $3.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.66 by $0.44. L3 Technologies had a return on equity of 15.27% and a net margin of 9.81%. The firm had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.68 billion. During the same period in the previous year, the firm posted $2.25 EPS. L3 Technologies’s revenue for the quarter was up 7.7% on a year-over-year basis. As a group, research analysts forecast that L3 Technologies Inc will post 11.5 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 1.64%. This is a boost from L3 Technologies’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend was Thursday, February 28th. L3 Technologies’s payout ratio is presently 31.63%.
L3 Technologies Company 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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