Cornell Pochily Investment Advisors Inc. raised its position in shares of L3 Technologies Inc (NYSE:LLL) by 12.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,750 shares of the aerospace company’s stock after buying an additional 200 shares during the quarter. Cornell Pochily Investment Advisors Inc.’s holdings in L3 Technologies were worth $304,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in LLL. IMS Capital Management acquired a new stake in L3 Technologies during the third quarter valued at approximately $43,000. CX Institutional acquired a new stake in L3 Technologies in the 4th quarter valued at approximately $94,000. River Wealth Advisors LLC increased its position in L3 Technologies by 16.1% in the 4th quarter. River Wealth Advisors LLC now owns 540 shares of the aerospace company’s stock valued at $94,000 after acquiring an additional 75 shares during the period. Honkamp Krueger Financial Services Inc. acquired a new stake in L3 Technologies in the 3rd quarter valued at approximately $122,000. Finally, Point72 Hong Kong Ltd increased its position in L3 Technologies by 2,067.9% in the 3rd quarter. Point72 Hong Kong Ltd now owns 607 shares of the aerospace company’s stock valued at $129,000 after acquiring an additional 579 shares during the period. Hedge funds and other institutional investors own 81.83% of the company’s stock.
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Several analysts recently commented on the company. Zacks Investment Research cut L3 Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 23rd. JPMorgan Chase & Co. cut L3 Technologies from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $245.00 to $240.00 in a research report on Friday, November 2nd. Citigroup lowered their target price on L3 Technologies from $224.00 to $205.00 and set a “buy” rating on the stock in a research report on Monday, January 14th. Barclays lowered their target price on L3 Technologies from $274.00 to $220.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 4th. Finally, SunTrust Banks raised their target price on L3 Technologies to $268.00 and gave the company a “buy” rating in a research report on Tuesday, October 16th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $228.90.
Shares of NYSE LLL opened at $208.65 on Wednesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.98 and a quick ratio of 1.62. The firm has a market cap of $16.29 billion, a price-to-earnings ratio of 19.41, a PEG ratio of 1.93 and a beta of 1.26. L3 Technologies Inc has a 1 year low of $158.76 and a 1 year high of $223.73.
L3 Technologies (NYSE:LLL) last issued its quarterly earnings results on Tuesday, January 29th. The aerospace company reported $3.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $0.44. The firm had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.68 billion. L3 Technologies had a return on equity of 15.27% and a net margin of 9.81%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the company posted $2.25 EPS. Equities research analysts forecast that L3 Technologies Inc will post 11.49 earnings per share for the current year.
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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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