KBC Group NV boosted its holdings in L3 Technologies Inc (NYSE:LLL) by 274.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 34,920 shares of the aerospace company’s stock after acquiring an additional 25,590 shares during the period. KBC Group NV’s holdings in L3 Technologies were worth $6,716,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Alps Advisors Inc. bought a new position in L3 Technologies during the 2nd quarter worth $270,000. First Trust Advisors LP bought a new position in L3 Technologies during the 2nd quarter worth $8,187,000. Wells Fargo & Company MN increased its position in L3 Technologies by 9.2% during the 2nd quarter. Wells Fargo & Company MN now owns 692,163 shares of the aerospace company’s stock worth $133,117,000 after buying an additional 58,122 shares during the period. Aviva PLC increased its position in L3 Technologies by 22.5% during the 2nd quarter. Aviva PLC now owns 20,562 shares of the aerospace company’s stock worth $3,954,000 after buying an additional 3,772 shares during the period. Finally, Personal Capital Advisors Corp increased its position in L3 Technologies by 9.3% during the 2nd quarter. Personal Capital Advisors Corp now owns 101,660 shares of the aerospace company’s stock worth $19,551,000 after buying an additional 8,679 shares during the period. Institutional investors and hedge funds own 79.16% of the company’s stock.
Shares of NYSE LLL opened at $208.54 on Tuesday. The company has a current ratio of 1.82, a quick ratio of 1.49 and a debt-to-equity ratio of 0.60. L3 Technologies Inc has a 52 week low of $177.50 and a 52 week high of $218.71. The firm has a market capitalization of $16.45 billion, a P/E ratio of 24.62, a P/E/G ratio of 2.26 and a beta of 1.25.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 17th. Investors of record on Friday, August 17th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Thursday, August 16th. L3 Technologies’s payout ratio is currently 37.78%.
Several research analysts have weighed in on LLL shares. ValuEngine upgraded L3 Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, July 31st. Credit Suisse Group increased their price objective on L3 Technologies from $218.00 to $238.00 and gave the stock an “outperform” rating in a research report on Friday, July 27th. Citigroup increased their price objective on L3 Technologies from $240.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, July 30th. Jefferies Financial Group reiterated a “hold” rating and set a $222.00 price objective on shares of L3 Technologies in a research report on Friday, July 27th. Finally, Zacks Investment Research cut L3 Technologies from a “strong-buy” rating to a “hold” rating in a research report on Sunday, July 15th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. L3 Technologies currently has an average rating of “Buy” and a consensus price target of $234.45.
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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