Commerzbank Aktiengesellschaft FI grew its stake in shares of L3 Technologies Inc (NYSE:LLL) by 50.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,333 shares of the aerospace company’s stock after acquiring an additional 1,114 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in L3 Technologies were worth $579,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. IMS Capital Management bought a new stake in shares of L3 Technologies during the 3rd quarter worth $43,000. River Wealth Advisors LLC lifted its position in shares of L3 Technologies by 16.1% during the 4th quarter. River Wealth Advisors LLC now owns 540 shares of the aerospace company’s stock worth $94,000 after buying an additional 75 shares during the last quarter. CX Institutional bought a new stake in shares of L3 Technologies during the 4th quarter worth $94,000. Honkamp Krueger Financial Services Inc. bought a new stake in shares of L3 Technologies during the 3rd quarter worth $122,000. Finally, Point72 Hong Kong Ltd lifted its position in shares of L3 Technologies by 2,067.9% during the 3rd quarter. Point72 Hong Kong Ltd now owns 607 shares of the aerospace company’s stock worth $129,000 after buying an additional 579 shares during the last quarter. Hedge funds and other institutional investors own 79.37% of the company’s stock.
Several analysts recently weighed in on LLL shares. JPMorgan Chase & Co. downgraded L3 Technologies from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $245.00 to $240.00 in a research report on Friday, November 2nd. Barclays dropped their target price on L3 Technologies from $274.00 to $220.00 and set an “overweight” rating for the company in a research report on Tuesday, December 4th. ValuEngine upgraded L3 Technologies from a “hold” rating to a “buy” rating in a research report on Monday, December 17th. Zacks Investment Research downgraded L3 Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 3rd. Finally, Citigroup dropped their target price on L3 Technologies from $224.00 to $205.00 and set a “buy” rating for the company in a research report on Monday, January 14th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. L3 Technologies presently has a consensus rating of “Buy” and an average target price of $228.90.
L3 Technologies (NYSE:LLL) last posted its earnings results on Tuesday, January 29th. The aerospace company reported $3.10 EPS for the quarter, beating the consensus estimate of $2.66 by $0.44. The firm had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.68 billion. L3 Technologies had a return on equity of 15.27% and a net margin of 9.81%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the company earned $2.25 earnings per share. On average, research analysts anticipate that L3 Technologies Inc will post 11.49 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be given a $0.85 dividend. The ex-dividend date is Thursday, February 28th. This is an increase from L3 Technologies’s previous quarterly dividend of $0.80. This represents a $3.40 annualized dividend and a yield of 1.60%. L3 Technologies’s dividend payout ratio (DPR) is currently 29.77%.
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About L3 Technologies
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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