First Allied Advisory Services Inc. Trims Stake in L3 Technologies Inc (NYSE:LLL)

First Allied Advisory Services Inc. reduced its stake in L3 Technologies Inc (NYSE:LLL) by 6.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,714 shares of the aerospace company’s stock after selling 119 shares during the period. First Allied Advisory Services Inc.’s holdings in L3 Technologies were worth $354,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc grew its position in L3 Technologies by 1.1% during the 3rd quarter. Vanguard Group Inc now owns 8,734,137 shares of the aerospace company’s stock worth $1,857,051,000 after acquiring an additional 96,559 shares during the last quarter. Geode Capital Management LLC grew its position in L3 Technologies by 9.2% during the 4th quarter. Geode Capital Management LLC now owns 1,031,121 shares of the aerospace company’s stock worth $178,755,000 after acquiring an additional 86,642 shares during the last quarter. Dimensional Fund Advisors LP grew its position in L3 Technologies by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 928,890 shares of the aerospace company’s stock worth $161,292,000 after acquiring an additional 5,194 shares during the last quarter. Norges Bank bought a new stake in L3 Technologies during the 4th quarter worth approximately $129,509,000. Finally, Alpine Associates Management Inc. bought a new stake in L3 Technologies during the 4th quarter worth approximately $105,794,000. Institutional investors own 82.31% of the company’s stock.

NYSE:LLL traded up $1.11 during trading hours on Friday, hitting $246.76. 643,137 shares of the stock were exchanged, compared to its average volume of 476,350. L3 Technologies Inc has a twelve month low of $158.76 and a twelve month high of $259.58. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.65 and a current ratio of 2.02. The company has a market cap of $19.61 billion, a price-to-earnings ratio of 22.95, a P/E/G ratio of 2.24 and a beta of 1.07.

L3 Technologies (NYSE:LLL) last posted its quarterly earnings data on Wednesday, May 1st. The aerospace company reported $2.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.37. L3 Technologies had a return on equity of 15.50% and a net margin of 9.64%. The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter in the prior year, the business earned $2.34 EPS. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. On average, equities analysts predict that L3 Technologies Inc will post 11.78 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Friday, May 17th were issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Thursday, May 16th. L3 Technologies’s dividend payout ratio is 31.63%.

A number of equities research analysts recently commented on the company. Cowen restated a “buy” rating and set a $250.00 price target on shares of L3 Technologies in a research report on Wednesday, May 1st. ValuEngine upgraded L3 Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, May 8th. SunTrust Banks upgraded L3 Technologies to a “buy” rating and set a $265.00 price target on the stock in a research report on Thursday, May 2nd. Credit Suisse Group increased their price target on L3 Technologies from $232.00 to $258.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. Finally, Barclays increased their price target on L3 Technologies from $245.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, May 16th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $238.33.

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L3 Technologies Company Profile

L3 Technologies, Inc provides aircraft sustainment, simulation and training, night vision and image intensification equipment, and security and detection systems used on military, homeland security, and commercial platforms in the United States and internationally. It operates in three segments: Intelligence, Surveillance and Reconnaissance (ISR) Systems; Communications and Networked Systems (C&NS); and Electronic Systems.

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

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