L3 Technologies Inc (LLL) Insider Michael T. Strianese Sells 39,515 Shares

L3 Technologies Inc (NYSE:LLL) insider Michael T. Strianese sold 39,515 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $217.36, for a total value of $8,588,980.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Michael T. Strianese also recently made the following trade(s):

  • On Monday, February 12th, Michael T. Strianese sold 39,515 shares of L3 Technologies stock. The stock was sold at an average price of $204.36, for a total value of $8,075,285.40.
  • On Monday, February 5th, Michael T. Strianese sold 39,515 shares of L3 Technologies stock. The stock was sold at an average price of $208.26, for a total value of $8,229,393.90.
  • On Monday, January 22nd, Michael T. Strianese sold 39,515 shares of L3 Technologies stock. The stock was sold at an average price of $209.53, for a total value of $8,279,577.95.
  • On Tuesday, January 16th, Michael T. Strianese sold 39,515 shares of L3 Technologies stock. The stock was sold at an average price of $209.32, for a total value of $8,271,279.80.
  • On Monday, January 8th, Michael T. Strianese sold 39,515 shares of L3 Technologies stock. The stock was sold at an average price of $202.35, for a total value of $7,995,860.25.
  • On Tuesday, January 2nd, Michael T. Strianese sold 39,515 shares of L3 Technologies stock. The stock was sold at an average price of $197.04, for a total value of $7,786,035.60.
  • On Friday, December 1st, Michael T. Strianese sold 22,545 shares of L3 Technologies stock. The stock was sold at an average price of $196.26, for a total value of $4,424,681.70.
  • On Wednesday, November 1st, Michael T. Strianese sold 22,547 shares of L3 Technologies stock. The shares were sold at an average price of $186.40, for a total value of $4,202,760.80.

L3 Technologies Inc (NYSE:LLL) traded up $0.32 during trading on Wednesday, reaching $206.93. 166,146 shares of the company’s stock traded hands, compared to its average volume of 739,049. The firm has a market capitalization of $16,170.00, a P/E ratio of 24.48, a price-to-earnings-growth ratio of 2.59 and a beta of 1.26. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.89 and a quick ratio of 1.72. L3 Technologies Inc has a 52-week low of $159.43 and a 52-week high of $218.71.

L3 Technologies (NYSE:LLL) last posted its earnings results on Thursday, January 25th. The aerospace company reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.05. L3 Technologies had a net margin of 6.37% and a return on equity of 13.63%. The company had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter in the previous year, the company posted $2.38 earnings per share. L3 Technologies’s quarterly revenue was down 2.6% compared to the same quarter last year. equities research analysts forecast that L3 Technologies Inc will post 9.55 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be given a $0.80 dividend. This is a boost from L3 Technologies’s previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a yield of 1.55%. The ex-dividend date is Wednesday, February 28th. L3 Technologies’s payout ratio is currently 35.50%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vestpro Financial Partners Inc. dba CPF Texas bought a new stake in shares of L3 Technologies in the fourth quarter valued at about $107,000. Invictus RG purchased a new position in L3 Technologies in the third quarter valued at about $135,000. NewSquare Capital LLC grew its stake in L3 Technologies by 2,510.7% in the fourth quarter. NewSquare Capital LLC now owns 731 shares of the aerospace company’s stock valued at $145,000 after purchasing an additional 703 shares during the last quarter. Kings Point Capital Management purchased a new position in L3 Technologies in the fourth quarter valued at about $158,000. Finally, Parallel Advisors LLC grew its stake in shares of L3 Technologies by 56.5% during the third quarter. Parallel Advisors LLC now owns 961 shares of the aerospace company’s stock worth $178,000 after acquiring an additional 347 shares during the last quarter. 77.44% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have recently weighed in on LLL. Royal Bank of Canada reissued a “buy” rating and set a $250.00 target price on shares of L3 Technologies in a research report on Wednesday, January 24th. Cowen reissued a “buy” rating and issued a $210.00 price target on shares of L3 Technologies in a report on Wednesday, December 6th. Stifel Nicolaus boosted their price target on L3 Technologies from $195.00 to $205.00 and gave the company a “hold” rating in a research report on Friday, October 27th. Bank of America raised L3 Technologies from a “neutral” rating to a “buy” rating and set a $205.00 target price for the company in a research report on Wednesday, January 17th. Finally, Zacks Investment Research cut L3 Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. L3 Technologies presently has a consensus rating of “Buy” and a consensus target price of $215.30.

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About L3 Technologies

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.

Insider Buying and Selling by Quarter for L3 Technologies (NYSE:LLL)

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