Investors sold shares of L3 Technologies Inc (NYSE:LLL) on strength during trading on Thursday. $27.38 million flowed into the stock on the tick-up and $67.66 million flowed out of the stock on the tick-down, for a money net flow of $40.28 million out of the stock. Of all companies tracked, L3 Technologies had the 0th highest net out-flow for the day. L3 Technologies traded up $0.74 for the day and closed at $206.47
Several analysts have recently commented on LLL shares. Royal Bank of Canada set a $202.00 price objective on shares of L3 Technologies and gave the company a “hold” rating in a research report on Wednesday, November 15th. SunTrust Banks started coverage on shares of L3 Technologies in a research report on Monday, November 20th. They set a “buy” rating on the stock. Cowen restated a “buy” rating and set a $200.00 price objective on shares of L3 Technologies in a research report on Friday, October 27th. Stifel Nicolaus raised their price objective on shares of L3 Technologies from $195.00 to $205.00 and gave the company a “hold” rating in a research report on Friday, October 27th. Finally, Zacks Investment Research upgraded shares of L3 Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $195.20.
The company has a current ratio of 1.80, a quick ratio of 1.62 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $16,370.00, a P/E ratio of 28.81, a PEG ratio of 3.31 and a beta of 1.19.
L3 Technologies (NYSE:LLL) last issued its quarterly earnings results on Thursday, October 26th. The aerospace company reported $1.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.93 by $0.03. L3 Technologies had a net margin of 5.22% and a return on equity of 14.00%. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.68 billion. During the same quarter in the prior year, the business posted $1.88 EPS. L3 Technologies’s revenue for the quarter was up 5.6% compared to the same quarter last year. sell-side analysts expect that L3 Technologies Inc will post 8.38 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, November 17th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $3.00 dividend on an annualized basis and a yield of 1.43%. L3 Technologies’s payout ratio is 41.27%.
In other L3 Technologies news, insider Michael T. Strianese sold 22,547 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $186.40, for a total transaction of $4,202,760.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 124,122 shares of company stock worth $24,409,338 in the last 90 days. 2.90% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the company. Acrospire Investment Management LLC purchased a new stake in shares of L3 Technologies in the 2nd quarter valued at $100,000. Invictus RG purchased a new stake in shares of L3 Technologies in the 3rd quarter valued at $135,000. Parallel Advisors LLC boosted its holdings in shares of L3 Technologies by 56.5% in the 3rd quarter. Parallel Advisors LLC now owns 961 shares of the aerospace company’s stock valued at $178,000 after acquiring an additional 347 shares during the last quarter. NEXT Financial Group Inc boosted its holdings in shares of L3 Technologies by 53.8% in the 3rd quarter. NEXT Financial Group Inc now owns 1,012 shares of the aerospace company’s stock valued at $190,000 after acquiring an additional 354 shares during the last quarter. Finally, San Francisco Sentry Investment Group CA purchased a new stake in shares of L3 Technologies in the 2nd quarter valued at $171,000. 78.53% of the stock is currently owned by institutional investors and hedge funds.
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L3 Technologies Company Profile
L3 Technologies, Inc, formerly L-3 Communications Holdings, Inc, is a prime contractor in Intelligence, Surveillance and Reconnaissance (ISR) systems, aircraft sustainment, simulation and training, night vision and image intensification equipment and security and detection systems. The Company provides a broad range of communication and electronic systems and products used on military and commercial platforms.
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