Public Employees Retirement Association of Colorado boosted its stake in shares of L3 Technologies Inc (NYSE:LLL) by 3.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,164 shares of the aerospace company’s stock after buying an additional 494 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in L3 Technologies were worth $2,604,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Royal Bank of Canada lifted its holdings in L3 Technologies by 102.8% during the 2nd quarter. Royal Bank of Canada now owns 58,870 shares of the aerospace company’s stock worth $9,836,000 after buying an additional 29,845 shares during the period. Personal Capital Advisors Corp lifted its holdings in L3 Technologies by 19.5% during the 4th quarter. Personal Capital Advisors Corp now owns 73,735 shares of the aerospace company’s stock worth $14,589,000 after buying an additional 12,012 shares during the period. Stonebridge Capital Advisors LLC acquired a new position in L3 Technologies during the 3rd quarter worth about $1,598,000. Koch Industries Inc. acquired a new position in L3 Technologies during the 2nd quarter worth about $279,000. Finally, BNP Paribas Arbitrage SA lifted its holdings in L3 Technologies by 50.7% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 50,702 shares of the aerospace company’s stock worth $9,554,000 after buying an additional 17,052 shares during the period. 77.44% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Michael T. Strianese sold 39,515 shares of L3 Technologies stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $197.04, for a total value of $7,786,035.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders sold 299,150 shares of company stock valued at $61,651,095. Corporate insiders own 2.90% of the company’s stock.

L3 Technologies Inc (NYSE:LLL) opened at $206.61 on Wednesday. L3 Technologies Inc has a 12-month low of $159.43 and a 12-month high of $218.71. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.89 and a quick ratio of 1.72. The firm has a market capitalization of $15,975.38, a PE ratio of 23.80, a PEG ratio of 2.59 and a beta of 1.26.

L3 Technologies (NYSE:LLL) last posted its quarterly earnings data on Thursday, January 25th. The aerospace company reported $2.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.30 by $0.05. L3 Technologies had a return on equity of 13.63% and a net margin of 6.37%. The firm had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same period last year, the company posted $2.38 EPS. The business’s quarterly revenue was down 2.6% on a year-over-year basis. research analysts predict that L3 Technologies Inc will post 9.55 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be given a $0.80 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This is a positive change from L3 Technologies’s previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a dividend yield of 1.55%. L3 Technologies’s dividend payout ratio (DPR) is 35.25%.

Several research analysts have commented on LLL shares. Stifel Nicolaus lifted their target price on L3 Technologies from $195.00 to $205.00 and gave the stock a “hold” rating in a report on Friday, October 27th. Zacks Investment Research raised L3 Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. SunTrust Banks started coverage on L3 Technologies in a report on Monday, November 20th. They set a “buy” rating on the stock. Credit Suisse Group reaffirmed an “outperform” rating on shares of L3 Technologies in a report on Thursday, December 7th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $250.00 target price on shares of L3 Technologies in a report on Wednesday, January 24th. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $215.30.

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About L3 Technologies

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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Institutional Ownership by Quarter for L3 Technologies (NYSE:LLL)

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