NEXT Financial Group Inc acquired a new stake in L3 Technologies Inc (NYSE:LLL) during the third quarter, HoldingsChannel.com reports. The fund acquired 632 shares of the aerospace company’s stock, valued at approximately $134,000.

Other large investors have also recently bought and sold shares of the company. Mount Yale Investment Advisors LLC purchased a new position in L3 Technologies in the 1st quarter valued at $113,000. Piedmont Investment Advisors LLC purchased a new position in L3 Technologies in the 2nd quarter valued at $177,000. Benjamin F. Edwards & Company Inc. grew its position in L3 Technologies by 110.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 935 shares of the aerospace company’s stock valued at $180,000 after buying an additional 491 shares during the last quarter. BKD Wealth Advisors LLC purchased a new position in L3 Technologies in the 1st quarter valued at $205,000. Finally, HPM Partners LLC purchased a new position in L3 Technologies in the 2nd quarter valued at $241,000. Hedge funds and other institutional investors own 81.72% of the company’s stock.

A number of research firms recently weighed in on LLL. ValuEngine upgraded shares of L3 Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, July 31st. Zacks Investment Research upgraded shares of L3 Technologies from a “hold” rating to a “buy” rating and set a $238.00 price objective on the stock in a research report on Monday, October 1st. Citigroup lifted their price objective on shares of L3 Technologies from $240.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, July 30th. Credit Suisse Group lifted their price objective on shares of L3 Technologies from $218.00 to $238.00 and gave the company an “outperform” rating in a research report on Friday, July 27th. Finally, UBS Group began coverage on shares of L3 Technologies in a research report on Wednesday, August 15th. They issued a “neutral” rating and a $230.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $236.82.

Shares of NYSE LLL opened at $195.78 on Friday. The firm has a market cap of $16.65 billion, a price-to-earnings ratio of 23.27, a P/E/G ratio of 2.28 and a beta of 1.23. L3 Technologies Inc has a one year low of $180.24 and a one year high of $218.71. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.49 and a current ratio of 1.82.

L3 Technologies (NYSE:LLL) last issued its earnings results on Thursday, July 26th. The aerospace company reported $2.47 EPS for the quarter, topping the consensus estimate of $2.30 by $0.17. The company had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.49 billion. L3 Technologies had a net margin of 8.74% and a return on equity of 13.82%. The business’s revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.54 EPS. Analysts forecast that L3 Technologies Inc will post 10.03 EPS for the current year.

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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