Mosaic Family Wealth LLC reduced its position in shares of L3 Technologies Inc (NYSE:LLL) by 2.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,255 shares of the aerospace company’s stock after selling 38 shares during the period. Mosaic Family Wealth LLC’s holdings in L3 Technologies were worth $207,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the stock. Philadelphia Trust Co. raised its position in shares of L3 Technologies by 5.1% in the fourth quarter. Philadelphia Trust Co. now owns 174,088 shares of the aerospace company’s stock valued at $26,480,000 after buying an additional 8,477 shares during the last quarter. Comerica Bank raised its position in shares of L3 Technologies by 0.4% in the fourth quarter. Comerica Bank now owns 33,475 shares of the aerospace company’s stock valued at $5,053,000 after buying an additional 136 shares during the last quarter. Colony Group LLC acquired a new position in shares of L3 Technologies during the third quarter valued at $4,017,000. Franklin Resources Inc. raised its position in shares of L3 Technologies by 12.9% in the fourth quarter. Franklin Resources Inc. now owns 11,068 shares of the aerospace company’s stock valued at $1,684,000 after buying an additional 1,268 shares during the last quarter. Finally, APG Asset Management N.V. raised its position in shares of L3 Technologies by 124.5% in the third quarter. APG Asset Management N.V. now owns 229,047 shares of the aerospace company’s stock valued at $34,524,000 after buying an additional 127,000 shares during the last quarter. Institutional investors and hedge funds own 78.91% of the company’s stock.
L3 Technologies Inc (NYSE:LLL) traded up 1.25% on Friday, reaching $162.70. The company’s stock had a trading volume of 752,309 shares. L3 Technologies Inc has a 52 week low of $132.38 and a 52 week high of $179.95. The firm has a 50 day moving average price of $166.94 and a 200 day moving average price of $159.96. The stock has a market capitalization of $12.64 billion, a P/E ratio of 19.84 and a beta of 1.09.
L3 Technologies (NYSE:LLL) last announced its quarterly earnings data on Thursday, April 27th. The aerospace company reported $2.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.81 by $0.26. L3 Technologies had a net margin of 6.75% and a return on equity of 14.16%. The company had revenue of $2.67 billion during the quarter, compared to analysts’ expectations of $2.45 billion. During the same period in the previous year, the company earned $2.08 EPS. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. On average, equities analysts anticipate that L3 Technologies Inc will post $8.74 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Friday, May 19th will be paid a dividend of $0.75 per share. The ex-dividend date is Wednesday, May 17th. This represents a $3.00 annualized dividend and a dividend yield of 1.87%. L3 Technologies’s dividend payout ratio is presently 31.08%.
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Several research analysts recently weighed in on the company. Zacks Investment Research lowered L3 Technologies from a “buy” rating to a “hold” rating in a research report on Monday, February 27th. Stifel Nicolaus increased their price objective on L3 Technologies from $162.00 to $170.00 and gave the stock a “hold” rating in a research report on Friday, January 27th. Deutsche Bank AG increased their price objective on L3 Technologies from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Jefferies Group LLC reiterated a “hold” rating and issued a $170.00 price objective (up from $160.00) on shares of L3 Technologies in a research report on Saturday, April 29th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $184.00 price objective on shares of L3 Technologies in a research report on Friday, January 20th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $172.92.
In related news, insider Dan Azmon sold 1,782 shares of L3 Technologies stock in a transaction on Thursday, February 23rd. The shares were sold at an average price of $168.91, for a total transaction of $300,997.62. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael T. Strianese sold 22,547 shares of L3 Technologies stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $169.94, for a total transaction of $3,831,637.18. The disclosure for this sale can be found here. Insiders have sold a total of 77,423 shares of company stock valued at $13,027,269 over the last three months. Corporate insiders own 3.30% of the company’s stock.
About L3 Technologies
L3 Technologies, Inc, formerly L-3 Communications Holdings, Inc, is engaged as a contractor in Intelligence, Surveillance and Reconnaissance (ISR) systems, aircraft sustainment (including modifications, logistics and maintenance), simulation and training, night vision and image intensification equipment, and security and detection systems.
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