L3 Technologies Inc (LLL) Position Lessened by United Services Automobile Association

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United Services Automobile Association lowered its position in shares of L3 Technologies Inc (NYSE:LLL) by 3.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,686 shares of the aerospace company’s stock after selling 933 shares during the quarter. United Services Automobile Association’s holdings in L3 Technologies were worth $5,517,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in LLL. The Manufacturers Life Insurance Company increased its position in shares of L3 Technologies by 5.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 177,546 shares of the aerospace company’s stock worth $36,930,000 after purchasing an additional 8,995 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in shares of L3 Technologies by 41.2% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,590 shares of the aerospace company’s stock worth $747,000 after purchasing an additional 1,047 shares in the last quarter. Mariner LLC increased its position in shares of L3 Technologies by 38.8% during the 1st quarter. Mariner LLC now owns 2,454 shares of the aerospace company’s stock worth $510,000 after purchasing an additional 686 shares in the last quarter. Cubist Systematic Strategies LLC increased its position in shares of L3 Technologies by 199.0% during the 1st quarter. Cubist Systematic Strategies LLC now owns 8,049 shares of the aerospace company’s stock worth $1,674,000 after purchasing an additional 5,357 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. increased its position in L3 Technologies by 14.1% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 189,048 shares of the aerospace company’s stock valued at $39,321,000 after acquiring an additional 23,353 shares in the last quarter. Institutional investors and hedge funds own 81.72% of the company’s stock.

Several equities research analysts have weighed in on LLL shares. 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 $237.00 price objective for the company in a research report on Monday, July 30th. Citigroup raised 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. Cowen restated a “buy” rating and issued a $225.00 price objective on shares of L3 Technologies in a research report on Tuesday, July 3rd. Finally, Jefferies Financial Group restated a “hold” rating and issued a $222.00 price objective on shares of L3 Technologies in a research report on Friday, July 27th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $236.82.

LLL opened at $195.78 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 stock has a market capitalization of $16.65 billion, a price-to-earnings ratio of 23.11, a P/E/G ratio of 2.28 and a beta of 1.23. L3 Technologies Inc has a 1-year low of $180.24 and a 1-year high of $218.71.

L3 Technologies (NYSE:LLL) last posted its quarterly earnings data on Thursday, July 26th. The aerospace company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.17. The firm 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 company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the company posted $2.54 EPS. As a group, equities research analysts forecast that L3 Technologies Inc will post 10.03 EPS for the current year.

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

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