Shares of L3 Technologies Inc (NYSE:LLL) have received an average rating of “Buy” from the fourteen research firms that are presently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $213.00.
A number of equities research analysts have commented on the company. Royal Bank of Canada reiterated a “buy” rating and set a $250.00 target price on shares of L3 Technologies in a report on Wednesday, January 24th. Cowen reiterated a “buy” rating and set a $210.00 target price on shares of L3 Technologies in a report on Wednesday, December 6th. Bank of America upgraded L3 Technologies from a “neutral” rating to a “buy” rating and set a $205.00 target price on the stock in a report on Wednesday, January 17th. SunTrust Banks assumed coverage on L3 Technologies in a report on Monday, November 20th. They set a “buy” rating on the stock. Finally, ValuEngine upgraded L3 Technologies from a “hold” rating to a “buy” rating in a report on Sunday, December 31st.
In other L3 Technologies news, insider Michael T. Strianese sold 39,515 shares of the firm’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $202.35, for a total value of $7,995,860.25. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Dan Azmon sold 1,772 shares of the firm’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $203.82, for a total value of $361,169.04. The disclosure for this sale can be found here. Insiders sold 437,983 shares of company stock worth $90,904,038 over the last three months. 2.90% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in LLL. BlackRock Inc. increased its position in shares of L3 Technologies by 1.1% during the fourth quarter. BlackRock Inc. now owns 5,883,023 shares of the aerospace company’s stock worth $1,163,956,000 after acquiring an additional 65,962 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of L3 Technologies by 221.3% during the third quarter. Ameriprise Financial Inc. now owns 1,137,399 shares of the aerospace company’s stock worth $214,322,000 after acquiring an additional 783,446 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of L3 Technologies by 0.5% during the fourth quarter. Wells Fargo & Company MN now owns 916,927 shares of the aerospace company’s stock worth $181,415,000 after acquiring an additional 4,866 shares during the last quarter. Geode Capital Management LLC increased its position in shares of L3 Technologies by 3.8% during the fourth quarter. Geode Capital Management LLC now owns 850,073 shares of the aerospace company’s stock worth $167,850,000 after acquiring an additional 31,291 shares during the last quarter. Finally, TimesSquare Capital Management LLC increased its position in shares of L3 Technologies by 7.9% during the fourth quarter. TimesSquare Capital Management LLC now owns 805,275 shares of the aerospace company’s stock worth $159,324,000 after acquiring an additional 59,200 shares during the last quarter. 79.94% of the stock is currently owned by institutional investors.
Shares of L3 Technologies (NYSE:LLL) traded down $0.12 during trading hours on Friday, reaching $203.75. The company’s stock had a trading volume of 306,445 shares, compared to its average volume of 667,895. The firm has a market cap of $16,010.00, a PE ratio of 24.03, a PEG ratio of 2.62 and a beta of 1.23. The company has a current ratio of 1.87, a quick ratio of 1.71 and a debt-to-equity ratio of 0.65. L3 Technologies has a 52-week low of $159.43 and a 52-week high of $218.71.
L3 Technologies (NYSE:LLL) last announced its earnings results on Thursday, January 25th. The aerospace company reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.05. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.55 billion. L3 Technologies had a return on equity of 13.63% and a net margin of 6.37%. L3 Technologies’s quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.38 EPS. equities analysts anticipate that L3 Technologies 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. Shareholders of record on Thursday, March 1st will be given a $0.80 dividend. The ex-dividend date is Wednesday, February 28th. This is a positive change from L3 Technologies’s previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a yield of 1.57%. L3 Technologies’s dividend payout ratio (DPR) is 37.74%.
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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.
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