Hsbc Holdings PLC Has $20.46 Million Position in L3 Technologies Inc (LLL)

Hsbc Holdings PLC lowered its holdings in L3 Technologies Inc (NYSE:LLL) by 15.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 96,211 shares of the aerospace company’s stock after selling 17,153 shares during the period. Hsbc Holdings PLC’s holdings in L3 Technologies were worth $20,456,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Mutual of America Capital Management LLC lifted its holdings in L3 Technologies by 1.0% during the 2nd quarter. Mutual of America Capital Management LLC now owns 24,330 shares of the aerospace company’s stock worth $4,679,000 after buying an additional 238 shares during the last quarter. Pillar Pacific Capital Management LLC lifted its holdings in shares of L3 Technologies by 6.6% in the 3rd quarter. Pillar Pacific Capital Management LLC now owns 4,631 shares of the aerospace company’s stock worth $984,000 after purchasing an additional 285 shares during the last quarter. Hudson Capital Management LLC lifted its holdings in shares of L3 Technologies by 13.2% in the 3rd quarter. Hudson Capital Management LLC now owns 2,465 shares of the aerospace company’s stock worth $524,000 after purchasing an additional 287 shares during the last quarter. Northstar Asset Management LLC lifted its holdings in shares of L3 Technologies by 3.1% in the 2nd quarter. Northstar Asset Management LLC now owns 10,000 shares of the aerospace company’s stock worth $1,923,000 after purchasing an additional 300 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in shares of L3 Technologies by 4.2% in the 2nd quarter. CIBC Asset Management Inc now owns 7,533 shares of the aerospace company’s stock worth $1,449,000 after purchasing an additional 306 shares during the last quarter. 81.51% of the stock is owned by hedge funds and other institutional investors.

LLL opened at $183.29 on Friday. L3 Technologies Inc has a 12 month low of $178.30 and a 12 month high of $223.73. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.56 and a current ratio of 1.96. The company has a market capitalization of $14.42 billion, a P/E ratio of 18.31, a price-to-earnings-growth ratio of 1.47 and a beta of 1.27.

L3 Technologies (NYSE:LLL) last posted its earnings results on Monday, October 15th. The aerospace company reported $2.85 EPS for the quarter, meeting the consensus estimate of $2.85. L3 Technologies had a return on equity of 14.71% and a net margin of 10.64%. The firm had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same period last year, the firm earned $1.96 EPS. The firm’s revenue was up 9.9% compared to the same quarter last year. As a group, research analysts expect that L3 Technologies Inc will post 10.33 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 16th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.75%. The ex-dividend date is Thursday, November 15th. L3 Technologies’s dividend payout ratio is currently 37.78%.

Several analysts recently issued reports on LLL shares. Credit Suisse Group raised their price target on L3 Technologies from $238.00 to $272.00 and gave the stock an “outperform” rating in a report on Monday, October 15th. SunTrust Banks raised their price target on L3 Technologies to $268.00 and gave the stock a “buy” rating in a report on Tuesday, October 16th. ValuEngine downgraded L3 Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th. Zacks Investment Research downgraded L3 Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, September 11th. Finally, JPMorgan Chase & Co. downgraded L3 Technologies from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $245.00 to $240.00 in a report on Friday, November 2nd. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $241.17.

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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.

See Also: Preferred Stock

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

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