Wealthsource Partners LLC Purchases New Stake in L3 Technologies Inc (LLL)

Wealthsource Partners LLC purchased a new stake in L3 Technologies Inc (NYSE:LLL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,001 shares of the aerospace company’s stock, valued at approximately $213,000.

Several other large investors have also recently added to or reduced their stakes in the company. Honkamp Krueger Financial Services Inc. bought a new position in L3 Technologies during the third quarter worth $122,000. NEXT Financial Group Inc bought a new position in L3 Technologies during the third quarter worth $134,000. Cornerstone Wealth Management LLC bought a new position in L3 Technologies during the second quarter worth $166,000. Piedmont Investment Advisors LLC bought a new position in L3 Technologies during the second quarter worth $177,000. Finally, TRUE Private Wealth Advisors bought a new position in L3 Technologies during the third quarter worth $186,000. 80.01% of the stock is currently owned by institutional investors.

A number of equities analysts recently issued reports on the stock. SunTrust Banks boosted their target price on shares of L3 Technologies to $268.00 and gave the stock a “buy” rating in a research report on Tuesday, October 16th. Zacks Investment Research raised shares of L3 Technologies from a “hold” rating to a “buy” rating and set a $238.00 target price on the stock in a research report on Monday, October 1st. Credit Suisse Group boosted their target price on shares of L3 Technologies from $238.00 to $272.00 and gave the stock an “outperform” rating in a research report on Monday, October 15th. ValuEngine raised shares of L3 Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, October 16th. Finally, Barclays dropped their target price on shares of L3 Technologies from $274.00 to $220.00 and set an “overweight” rating on the stock in a research report on Tuesday. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. L3 Technologies currently has a consensus rating of “Buy” and an average price target of $236.67.

Shares of L3 Technologies stock opened at $178.82 on Friday. The firm has a market capitalization of $14.12 billion, a price-to-earnings ratio of 21.11, a price-to-earnings-growth ratio of 1.44 and a beta of 1.26. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.56 and a current ratio of 1.96. L3 Technologies Inc has a 52-week low of $172.54 and a 52-week high of $223.73.

L3 Technologies (NYSE:LLL) last announced its quarterly earnings results on Monday, October 15th. The aerospace company reported $2.85 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $2.85. The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.50 billion. L3 Technologies had a net margin of 10.64% and a return on equity of 14.71%. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.96 EPS. Analysts expect that L3 Technologies Inc will post 10.33 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Friday, November 16th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Thursday, November 15th. L3 Technologies’s dividend payout ratio (DPR) is presently 37.78%.

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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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