Nomura Asset Management Co. Ltd. raised its holdings in shares of L3 Technologies Inc (NYSE:LLL) by 6.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,168 shares of the aerospace company’s stock after buying an additional 654 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in L3 Technologies were worth $2,209,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of LLL. Nationwide Fund Advisors boosted its position in L3 Technologies by 3.8% during the third quarter. Nationwide Fund Advisors now owns 60,546 shares of the aerospace company’s stock valued at $11,409,000 after buying an additional 2,204 shares during the period. Prudential Financial Inc. boosted its holdings in shares of L3 Technologies by 1.4% during the third quarter. Prudential Financial Inc. now owns 112,118 shares of the aerospace company’s stock worth $21,126,000 after purchasing an additional 1,500 shares during the period. Alps Advisors Inc. purchased a new stake in shares of L3 Technologies during the third quarter worth about $230,000. Global X MANAGEMENT CO LLC boosted its holdings in shares of L3 Technologies by 16.6% during the third quarter. Global X MANAGEMENT CO LLC now owns 2,556 shares of the aerospace company’s stock worth $482,000 after purchasing an additional 364 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of L3 Technologies by 50.7% during the third quarter. BNP Paribas Arbitrage SA now owns 50,702 shares of the aerospace company’s stock worth $9,554,000 after purchasing an additional 17,052 shares during the period. Institutional investors and hedge funds own 79.94% of the company’s stock.
Shares of L3 Technologies Inc (LLL) opened at $203.75 on Friday. The company has a quick ratio of 1.71, a current ratio of 1.87 and a debt-to-equity ratio of 0.65. L3 Technologies Inc has a 1-year low of $159.43 and a 1-year high of $218.71. The company has a market cap of $15,947.52, a PE ratio of 23.73, a price-to-earnings-growth ratio of 2.58 and a beta of 1.23.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were issued a $0.80 dividend. The ex-dividend date was Wednesday, February 28th. This is a positive change from L3 Technologies’s previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a yield of 1.57%. L3 Technologies’s dividend payout ratio (DPR) is 37.60%.
In other L3 Technologies news, Director Thomas A. Corcoran sold 1,546 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $207.40, for a total value of $320,640.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael T. Strianese sold 39,515 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $197.04, for a total transaction of $7,786,035.60. The disclosure for this sale can be found here. Insiders sold 437,983 shares of company stock valued at $90,904,038 over the last 90 days. 2.90% of the stock is currently owned by company insiders.
A number of research firms have recently weighed in on LLL. Zacks Investment Research lowered shares of L3 Technologies from a “buy” rating to a “hold” rating in a report on Monday. ValuEngine upgraded shares of L3 Technologies from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Cowen reiterated a “buy” rating and set a $225.00 target price on shares of L3 Technologies in a report on Friday, January 26th. SunTrust Banks increased their target price on shares of L3 Technologies to $253.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $250.00 target price on shares of L3 Technologies in a report on Wednesday, January 24th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $215.30.
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L3 Technologies Profile
L3 Technologies, Inc, formerly L-3 Communications Holdings, Inc, is a prime contractor in Intelligence, Surveillance and Reconnaissance (ISR) systems, aircraft sustainment, simulation and training, night vision and image intensification equipment and security and detection systems. The Company provides a broad range of communication and electronic systems and products used on military and commercial platforms.
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