NN Investment Partners Holdings N.V. raised its stake in L3 Technologies Inc (NYSE:LLL) by 75.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,593 shares of the aerospace company’s stock after acquiring an additional 1,117 shares during the period. NN Investment Partners Holdings N.V.’s holdings in L3 Technologies were worth $551,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Sawtooth Solutions LLC acquired a new position in L3 Technologies in the third quarter valued at $250,000. Russell Investments Group Ltd. boosted its stake in L3 Technologies by 38.2% in the third quarter. Russell Investments Group Ltd. now owns 54,795 shares of the aerospace company’s stock valued at $11,644,000 after acquiring an additional 15,154 shares in the last quarter. Rossmore Private Capital acquired a new position in L3 Technologies in the third quarter valued at $213,000. Robeco Institutional Asset Management B.V. boosted its stake in L3 Technologies by 6.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 62,747 shares of the aerospace company’s stock valued at $13,341,000 after acquiring an additional 3,826 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in L3 Technologies by 32.8% in the third quarter. First Trust Advisors LP now owns 56,552 shares of the aerospace company’s stock valued at $12,024,000 after acquiring an additional 13,982 shares in the last quarter. Institutional investors own 80.77% of the company’s stock.
Several equities analysts have issued reports on LLL shares. ValuEngine upgraded shares of L3 Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, July 31st. Zacks Investment Research raised shares of L3 Technologies from a “hold” rating to a “buy” rating and set a $237.00 target price for the company in a report on Monday, July 30th. Citigroup upped their target price on shares of L3 Technologies from $240.00 to $250.00 and gave the company a “buy” rating in a report on Monday, July 30th. Vertical Research raised shares of L3 Technologies from a “hold” rating to a “buy” rating in a report on Monday, October 15th. Finally, SunTrust Banks upped their target price on shares of L3 Technologies to $268.00 and gave the company a “buy” rating in a report on Tuesday, October 16th. Four 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 target price of $241.17.
L3 Technologies (NYSE:LLL) last announced its earnings results on Monday, October 15th. The aerospace company reported $2.85 EPS for the quarter, beating analysts’ consensus estimates of $2.39 by $0.46. L3 Technologies had a net margin of 10.64% and a return on equity of 14.37%. The business had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same period in the prior year, the company earned $1.96 earnings per share. The business’s revenue was up 9.9% compared to the same quarter last year. As a group, sell-side analysts predict that L3 Technologies Inc will post 10.34 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 16th will be issued a dividend of $0.80 per share. The ex-dividend date is Thursday, November 15th. This represents a $3.20 annualized dividend and a yield of 1.65%. L3 Technologies’s dividend payout ratio is currently 37.78%.
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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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