Rhumbline Advisers cut its position in shares of L3 Technologies Inc (NYSE:LLL) by 1.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 135,337 shares of the aerospace company’s stock after selling 1,397 shares during the quarter. Rhumbline Advisers owned about 0.17% of L3 Technologies worth $26,028,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in shares of L3 Technologies by 20.4% during the first quarter. JPMorgan Chase & Co. now owns 926,013 shares of the aerospace company’s stock worth $192,612,000 after buying an additional 156,822 shares during the period. Koch Industries Inc. increased its position in shares of L3 Technologies by 36.5% during the first quarter. Koch Industries Inc. now owns 8,203 shares of the aerospace company’s stock worth $1,706,000 after buying an additional 2,194 shares during the period. Oakbrook Investments LLC increased its position in shares of L3 Technologies by 99.8% during the second quarter. Oakbrook Investments LLC now owns 6,525 shares of the aerospace company’s stock worth $1,255,000 after buying an additional 3,260 shares during the period. Principal Financial Group Inc. increased its position in shares of L3 Technologies by 1.2% during the first quarter. Principal Financial Group Inc. now owns 432,479 shares of the aerospace company’s stock worth $89,955,000 after buying an additional 5,132 shares during the period. Finally, Retirement Systems of Alabama increased its position in shares of L3 Technologies by 1.7% during the second quarter. Retirement Systems of Alabama now owns 107,741 shares of the aerospace company’s stock worth $20,721,000 after buying an additional 1,853 shares during the period. Institutional investors own 79.16% of the company’s stock.

NYSE:LLL opened at $209.76 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.82 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $16.45 billion, a price-to-earnings ratio of 24.77, a P/E/G ratio of 2.26 and a beta of 1.25. L3 Technologies Inc has a 12 month low of $177.50 and a 12 month high of $218.71.

L3 Technologies (NYSE:LLL) last posted its quarterly earnings results on Thursday, July 26th. The aerospace company reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.17. The business had revenue of $2.58 billion during the quarter, compared to analysts’ expectations of $2.49 billion. L3 Technologies had a net margin of 8.74% and a return on equity of 13.82%. The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the company posted $2.54 earnings per share. research analysts anticipate that L3 Technologies Inc will post 10.02 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 17th. Shareholders of record on Friday, August 17th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Thursday, August 16th. L3 Technologies’s payout ratio is 37.78%.

Several equities research analysts have recently weighed in on LLL shares. Zacks Investment Research upgraded shares of L3 Technologies from a “hold” rating to a “buy” rating and set a $229.00 price objective for the company in a research report on Tuesday, July 17th. Credit Suisse Group reduced their price target on shares of L3 Technologies from $244.00 to $218.00 and set an “outperform” rating for the company in a report on Tuesday, May 22nd. Citigroup raised their price target on shares of L3 Technologies from $240.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, July 30th. ValuEngine cut shares of L3 Technologies from a “buy” rating to a “hold” rating in a report on Thursday, June 21st. Finally, UBS Group started coverage on shares of L3 Technologies in a report on Wednesday. They issued a “neutral” rating and a $230.00 price target for the company. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $234.08.

L3 Technologies Company Profile

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

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