Oakbrook Investments LLC raised its stake in L3 Technologies Inc (NYSE:LLL) by 1.3% during the 1st quarter, Holdings Channel reports. The firm owned 3,760 shares of the aerospace company’s stock after buying an additional 50 shares during the quarter. Oakbrook Investments LLC’s holdings in L3 Technologies were worth $776,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. FMR LLC increased its stake in shares of L3 Technologies by 14.3% during the third quarter. FMR LLC now owns 76,838 shares of the aerospace company’s stock valued at $16,337,000 after buying an additional 9,585 shares during the period. Franklin Resources Inc. increased its stake in shares of L3 Technologies by 17.0% during the third quarter. Franklin Resources Inc. now owns 2,340 shares of the aerospace company’s stock valued at $498,000 after buying an additional 340 shares during the period. LPL Financial LLC increased its stake in shares of L3 Technologies by 18.5% during the third quarter. LPL Financial LLC now owns 21,989 shares of the aerospace company’s stock valued at $4,675,000 after buying an additional 3,439 shares during the period. Pacer Advisors Inc. increased its stake in shares of L3 Technologies by 14.0% during the third quarter. Pacer Advisors Inc. now owns 4,146 shares of the aerospace company’s stock valued at $882,000 after buying an additional 510 shares during the period. Finally, Man Group plc increased its stake in shares of L3 Technologies by 235.0% during the third quarter. Man Group plc now owns 59,892 shares of the aerospace company’s stock valued at $12,734,000 after buying an additional 42,013 shares during the period. Institutional investors own 82.57% of the company’s stock.

L3 Technologies stock opened at $214.67 on Monday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.97 and a quick ratio of 1.61. L3 Technologies Inc has a 52 week low of $158.76 and a 52 week high of $223.73. The stock has a market cap of $17.04 billion, a P/E ratio of 19.97, a PEG ratio of 2.01 and a beta of 1.27.

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 Zacks’ 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 the consensus estimate of $2.68 billion. During the same quarter in the previous year, the company posted $2.25 earnings per share. The company’s revenue was up 7.7% compared to the same quarter last year. On average, equities analysts anticipate that L3 Technologies Inc will post 11.48 EPS for the current fiscal year.

In related news, insider Todd W. Gautier sold 7,438 shares of L3 Technologies stock in a transaction dated Thursday, March 7th. The stock was 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 is available at the SEC website. Insiders own 2.40% of the company’s stock.

Several brokerages have recently commented on LLL. Zacks Investment Research lowered L3 Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 23rd. Citigroup cut their target price on L3 Technologies from $224.00 to $205.00 and set a “buy” rating on the stock in a research note on Monday, January 14th. Credit Suisse Group reiterated a “buy” rating and issued a $229.00 target price on shares of L3 Technologies in a research note on Wednesday, January 23rd. Cowen reiterated a “buy” rating and issued a $250.00 target price on shares of L3 Technologies in a research note on Tuesday, January 29th. Finally, ValuEngine lowered L3 Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, December 23rd. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $228.90.

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L3 Technologies Company Profile

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

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