L3 Technologies Inc (NYSE:LLL) Director Thomas A. Corcoran sold 1,546 shares of the business’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $207.40, for a total transaction of $320,640.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of NYSE LLL traded down $5.29 during trading hours on Friday, hitting $207.78. 916,335 shares of the stock were exchanged, compared to its average volume of 585,633. The company has a quick ratio of 1.71, a current ratio of 1.87 and a debt-to-equity ratio of 0.65. L3 Technologies Inc has a 12 month low of $159.43 and a 12 month high of $218.71. The firm has a market cap of $16,253.38, a PE ratio of 24.53, a price-to-earnings-growth ratio of 2.63 and a beta of 1.21.
L3 Technologies (NYSE:LLL) last issued its quarterly earnings results on Thursday, January 25th. The aerospace company reported $2.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.30 by $0.05. L3 Technologies had a net margin of 6.37% and a return on equity of 13.63%. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the prior year, the business posted $2.38 EPS. L3 Technologies’s revenue for the quarter was down 2.6% compared to the same quarter last year. equities research analysts anticipate that L3 Technologies Inc will post 9.55 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were paid a dividend of $0.80 per share. This is a positive change from L3 Technologies’s previous quarterly dividend of $0.75. The ex-dividend date was Wednesday, February 28th. This represents a $3.20 dividend on an annualized basis and a yield of 1.54%. L3 Technologies’s dividend payout ratio is presently 37.78%.
Several research firms have recently commented on LLL. Zacks Investment Research upgraded shares of L3 Technologies from a “hold” rating to a “buy” rating and set a $229.00 price target for the company in a report on Wednesday, March 28th. Barclays started coverage on shares of L3 Technologies in a report on Thursday, March 29th. They issued an “overweight” rating and a $274.00 price target for the company. ValuEngine upgraded shares of L3 Technologies from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Royal Bank of Canada reiterated a “buy” rating and set a $250.00 price objective on shares of L3 Technologies in a research note on Wednesday, January 24th. Finally, Bank of America upgraded shares of L3 Technologies from a “neutral” rating to a “buy” rating and set a $205.00 price objective for the company in a research note on Wednesday, January 17th. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $224.50.
A number of institutional investors have recently modified their holdings of the business. Vestpro Financial Partners Inc. dba CPF Texas purchased a new stake in shares of L3 Technologies in the 4th quarter valued at $107,000. Certified Advisory Corp purchased a new stake in shares of L3 Technologies in the 4th quarter valued at $128,000. Invictus RG purchased a new stake in shares of L3 Technologies in the 3rd quarter valued at $135,000. NewSquare Capital LLC boosted its holdings in shares of L3 Technologies by 2,510.7% in the 4th quarter. NewSquare Capital LLC now owns 731 shares of the aerospace company’s stock valued at $145,000 after acquiring an additional 703 shares during the last quarter. Finally, Kings Point Capital Management purchased a new stake in shares of L3 Technologies in the 4th quarter valued at $158,000. Institutional investors and hedge funds own 79.93% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This story was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this story can be viewed at https://www.dispatchtribunal.com/2018/04/08/l3-technologies-inc-lll-director-sells-320640-40-in-stock.html.
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.
Receive News & Ratings for L3 Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for L3 Technologies and related companies with MarketBeat.com's FREE daily email newsletter.