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

L3 Technologies (NYSE:LLL) Chairman Michael T. Strianese sold 39,515 shares of the company’s stock in a transaction on Monday, April 16th. The stock was sold at an average price of $211.85, for a total value of $8,371,252.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

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  • On Monday, April 9th, Michael T. Strianese sold 39,515 shares of L3 Technologies stock. The stock was sold at an average price of $209.62, for a total value of $8,283,134.30.
  • On Monday, March 26th, Michael T. Strianese sold 39,515 shares of L3 Technologies stock. The stock was sold at an average price of $205.60, for a total value of $8,124,284.00.
  • On Monday, March 19th, Michael T. Strianese sold 39,515 shares of L3 Technologies stock. The stock was sold at an average price of $203.69, for a total value of $8,048,810.35.
  • On Monday, March 12th, Michael T. Strianese sold 39,515 shares of L3 Technologies stock. The stock was sold at an average price of $205.53, for a total value of $8,121,517.95.
  • On Monday, March 5th, Michael T. Strianese sold 39,515 shares of L3 Technologies stock. The stock was sold at an average price of $203.85, for a total value of $8,055,132.75.
  • On Monday, February 26th, Michael T. Strianese sold 39,515 shares of L3 Technologies stock. The stock was sold at an average price of $213.72, for a total value of $8,445,145.80.
  • On Tuesday, February 20th, Michael T. Strianese sold 39,515 shares of L3 Technologies stock. The stock was sold at an average price of $211.92, for a total value of $8,374,018.80.
  • 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 29th, Michael T. Strianese sold 39,515 shares of L3 Technologies stock. The stock was sold at an average price of $217.36, for a total value of $8,588,980.40.

NYSE:LLL traded up $1.27 during mid-day trading on Tuesday, hitting $213.92. 494,662 shares of the company’s stock traded hands, compared to its average volume of 660,321. L3 Technologies has a twelve month low of $159.43 and a twelve month high of $218.71. The firm has a market capitalization of $16,452.06, a P/E ratio of 25.26, a P/E/G ratio of 2.66 and a beta of 1.21. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.87 and a quick ratio of 1.71.

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

Several research analysts recently issued reports on LLL shares. Zacks Investment Research raised L3 Technologies from a “hold” rating to a “buy” rating and set a $236.00 target price on the stock in a research report on Tuesday, February 6th. ValuEngine raised L3 Technologies from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Cowen reaffirmed a “buy” rating and set a $225.00 target price on shares of L3 Technologies in a research report on Friday, January 26th. SunTrust Banks upped their target price on L3 Technologies to $253.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $250.00 target price on shares of L3 Technologies in a research report on Wednesday, January 24th. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. L3 Technologies currently has a consensus rating of “Buy” and a consensus price target of $224.50.

Several hedge funds have recently made changes to their positions in LLL. Millennium Management LLC increased its holdings in shares of L3 Technologies by 52.0% in the fourth quarter. Millennium Management LLC now owns 703,966 shares of the aerospace company’s stock valued at $139,280,000 after purchasing an additional 240,875 shares during the period. APG Asset Management N.V. increased its holdings in shares of L3 Technologies by 178.0% in the fourth quarter. APG Asset Management N.V. now owns 327,781 shares of the aerospace company’s stock valued at $54,007,000 after purchasing an additional 209,886 shares during the period. Gotham Asset Management LLC increased its holdings in shares of L3 Technologies by 3,338.0% in the fourth quarter. Gotham Asset Management LLC now owns 119,539 shares of the aerospace company’s stock valued at $23,651,000 after purchasing an additional 116,062 shares during the period. Amundi Pioneer Asset Management Inc. increased its holdings in shares of L3 Technologies by 206.7% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 165,695 shares of the aerospace company’s stock valued at $32,784,000 after purchasing an additional 111,676 shares during the period. Finally, Allianz Asset Management GmbH increased its holdings in shares of L3 Technologies by 222.9% in the fourth quarter. Allianz Asset Management GmbH now owns 148,612 shares of the aerospace company’s stock valued at $29,403,000 after purchasing an additional 102,582 shares during the period. 79.95% of the stock is currently owned by institutional investors and hedge funds.

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About L3 Technologies

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.

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

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