Mutual of America Capital Management LLC increased its holdings in L3 Technologies Inc (NYSE:LLL) by 1.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,330 shares of the aerospace company’s stock after acquiring an additional 238 shares during the quarter. Mutual of America Capital Management LLC’s holdings in L3 Technologies were worth $4,679,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in LLL. Morse Asset Management Inc lifted its stake in shares of L3 Technologies by 4.1% in the first quarter. Morse Asset Management Inc now owns 12,790 shares of the aerospace company’s stock worth $2,660,000 after acquiring an additional 500 shares in the last quarter. Dean Capital Investments Management LLC acquired a new stake in L3 Technologies during the first quarter valued at approximately $295,000. Commerzbank Aktiengesellschaft FI raised its stake in L3 Technologies by 88.0% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 4,879 shares of the aerospace company’s stock valued at $1,015,000 after buying an additional 2,284 shares in the last quarter. FormulaFolio Investments LLC acquired a new stake in L3 Technologies during the first quarter valued at approximately $699,000. Finally, Comerica Bank raised its stake in L3 Technologies by 36.6% during the first quarter. Comerica Bank now owns 26,365 shares of the aerospace company’s stock valued at $5,696,000 after buying an additional 7,066 shares in the last quarter. Institutional investors and hedge funds own 81.80% of the company’s stock.
LLL has been the topic of several research reports. ValuEngine upgraded L3 Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, July 31st. Credit Suisse Group upped their price objective on L3 Technologies from $218.00 to $238.00 and gave the company an “outperform” rating in a research note on Friday, July 27th. Citigroup upped their price objective on L3 Technologies from $240.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, July 30th. Jefferies Financial Group restated a “hold” rating and set a $222.00 price objective on shares of L3 Technologies in a research note on Friday, July 27th. Finally, Zacks Investment Research cut L3 Technologies from a “strong-buy” rating to a “hold” rating in a research note on Sunday, July 15th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $234.08.
L3 Technologies (NYSE:LLL) last posted its earnings results on Thursday, July 26th. The aerospace company reported $2.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.30 by $0.17. The company had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.49 billion. L3 Technologies had a return on equity of 13.82% and a net margin of 8.74%. The business’s revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.54 earnings per share. equities research analysts anticipate that L3 Technologies Inc will post 10.02 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 17th. Stockholders of record on Friday, August 17th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Thursday, August 16th. L3 Technologies’s dividend payout ratio (DPR) is presently 37.78%.
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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