Marco Investment Management LLC Increases Position in L3 Technologies Inc (LLL)

Marco Investment Management LLC boosted its position in L3 Technologies Inc (NYSE:LLL) by 3.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 28,400 shares of the aerospace company’s stock after acquiring an additional 1,005 shares during the period. Marco Investment Management LLC’s holdings in L3 Technologies were worth $5,462,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Janus Henderson Group PLC grew its holdings in L3 Technologies by 10.1% during the 2nd quarter. Janus Henderson Group PLC now owns 1,869,999 shares of the aerospace company’s stock valued at $359,639,000 after buying an additional 172,277 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in L3 Technologies by 19.6% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 27,101 shares of the aerospace company’s stock valued at $5,212,000 after buying an additional 4,448 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in L3 Technologies by 12.1% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 32,937 shares of the aerospace company’s stock valued at $6,334,000 after buying an additional 3,567 shares in the last quarter. CIBC Asset Management Inc grew its holdings in L3 Technologies by 4.2% during the 2nd quarter. CIBC Asset Management Inc now owns 7,533 shares of the aerospace company’s stock valued at $1,449,000 after buying an additional 306 shares in the last quarter. Finally, Standard Life Aberdeen plc grew its holdings in L3 Technologies by 1.1% during the 2nd quarter. Standard Life Aberdeen plc now owns 188,453 shares of the aerospace company’s stock valued at $36,247,000 after buying an additional 2,025 shares in the last quarter. Institutional investors and hedge funds own 81.80% of the company’s stock.

Shares of LLL stock opened at $212.03 on Monday. The company has a quick ratio of 1.49, a current ratio of 1.82 and a debt-to-equity ratio of 0.60. L3 Technologies Inc has a fifty-two week low of $178.31 and a fifty-two week high of $218.71. The company has a market capitalization of $16.55 billion, a price-to-earnings ratio of 25.03, a P/E/G ratio of 2.27 and a beta of 1.25.

L3 Technologies (NYSE:LLL) last announced its quarterly earnings data on Thursday, July 26th. The aerospace company reported $2.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.30 by $0.17. L3 Technologies had a return on equity of 13.82% and a net margin of 8.74%. The firm had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter in the previous year, the company posted $2.54 earnings per share. The business’s revenue was up 8.3% on a year-over-year basis. equities analysts predict that L3 Technologies Inc will post 10.02 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 17th. Shareholders of record on Friday, August 17th will be given a $0.80 dividend. The ex-dividend date is Thursday, August 16th. This represents a $3.20 annualized dividend and a yield of 1.51%. L3 Technologies’s payout ratio is currently 37.78%.

A number of research firms have weighed in on LLL. Credit Suisse Group lifted their target price on L3 Technologies from $218.00 to $238.00 and gave the company an “outperform” rating in a report on Friday, July 27th. ValuEngine lowered L3 Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Jefferies Financial Group reissued a “hold” rating and set a $220.00 price objective on shares of L3 Technologies in a report on Wednesday, July 11th. Zacks Investment Research raised L3 Technologies from a “hold” rating to a “buy” rating and set a $237.00 price objective for the company in a report on Monday, July 30th. Finally, Cowen reissued a “buy” rating and set a $225.00 price objective on shares of L3 Technologies in a report on Tuesday, July 3rd. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $234.08.

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

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