Tower Research Capital LLC TRC increased its holdings in L3 Technologies Inc (NYSE:LLL) by 772.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,117 shares of the aerospace company’s stock after purchasing an additional 989 shares during the period. Tower Research Capital LLC TRC’s holdings in L3 Technologies were worth $221,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Personal Capital Advisors Corp boosted its holdings in L3 Technologies by 19.5% in the fourth quarter. Personal Capital Advisors Corp now owns 73,735 shares of the aerospace company’s stock worth $14,589,000 after purchasing an additional 12,012 shares in the last quarter. Stonebridge Capital Advisors LLC bought a new stake in L3 Technologies in the third quarter worth $1,598,000. Bank of Montreal Can boosted its holdings in L3 Technologies by 278.0% in the fourth quarter. Bank of Montreal Can now owns 94,982 shares of the aerospace company’s stock worth $18,791,000 after purchasing an additional 69,854 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in L3 Technologies by 50.7% in 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 in the last quarter. Finally, Dynamic Technology Lab Private Ltd boosted its holdings in L3 Technologies by 114.7% in the third quarter. Dynamic Technology Lab Private Ltd now owns 5,787 shares of the aerospace company’s stock worth $1,090,000 after purchasing an additional 3,091 shares in the last quarter. Hedge funds and other institutional investors own 77.80% of the company’s stock.
Shares of L3 Technologies Inc (NYSE LLL) opened at $214.95 on Tuesday. The company has a current ratio of 1.87, a quick ratio of 1.71 and a debt-to-equity ratio of 0.65. L3 Technologies Inc has a fifty-two week low of $159.43 and a fifty-two week high of $218.71. The stock has a market cap of $16,693.77, a PE ratio of 25.26, a price-to-earnings-growth ratio of 2.70 and a beta of 1.26.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.49%. This is a boost from L3 Technologies’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Wednesday, February 28th. L3 Technologies’s dividend payout ratio is 35.25%.
In other L3 Technologies news, insider Michael T. Strianese sold 39,515 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $197.04, for a total transaction of $7,786,035.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 338,665 shares of company stock valued at $70,025,114 over the last 90 days. Corporate insiders own 2.90% of the company’s stock.
LLL has been the subject of a number of recent research reports. 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 issued a $225.00 price objective on shares of L3 Technologies in a report on Friday, January 26th. SunTrust Banks upped their price objective on shares of L3 Technologies to $253.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Royal Bank of Canada reiterated a “buy” rating and issued a $250.00 price objective on shares of L3 Technologies in a report on Wednesday, January 24th. Finally, Bank of America upgraded shares of L3 Technologies from a “neutral” rating to a “buy” rating and set a $205.00 price objective for the company in a report on Wednesday, January 17th. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $215.30.
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L3 Technologies Company 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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