Shares of L3 Technologies Inc (NYSE:LLL) have been given a consensus recommendation of “Hold” by the fifteen research firms that are currently covering the firm. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $174.67.
A number of analysts have recently weighed in on the stock. Barclays PLC cut shares of L3 Technologies from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $165.00 to $175.00 in a research note on Monday, May 1st. Jefferies Group LLC restated a “hold” rating and issued a $170.00 price objective (up from $160.00) on shares of L3 Technologies in a research note on Saturday, April 29th. Deutsche Bank AG boosted their price objective on shares of L3 Technologies from $175.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Zacks Investment Research upgraded shares of L3 Technologies from a “hold” rating to a “buy” rating and set a $187.00 price objective for the company in a research note on Wednesday, March 29th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $159.00 price objective on shares of L3 Technologies in a research note on Friday, March 24th.
In related news, insider Michael T. Strianese sold 22,547 shares of the business’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $164.89, for a total transaction of $3,717,774.83. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Ralph Dambrosio sold 8,000 shares of the business’s stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $168.04, for a total transaction of $1,344,320.00. The disclosure for this sale can be found here. Insiders have sold 83,528 shares of company stock worth $14,051,688 in the last ninety days. 3.30% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in the company. State Street Corp raised its position in shares of L3 Technologies by 5.1% in the fourth quarter. State Street Corp now owns 3,545,471 shares of the aerospace company’s stock worth $539,290,000 after buying an additional 171,155 shares during the period. Alliancebernstein L.P. raised its position in shares of L3 Technologies by 171,452.7% in the first quarter. Alliancebernstein L.P. now owns 2,319,392 shares of the aerospace company’s stock worth $383,372,000 after buying an additional 2,318,040 shares during the period. JPMorgan Chase & Co. raised its stake in shares of L3 Technologies by 44.6% in the first quarter. JPMorgan Chase & Co. now owns 2,125,903 shares of the aerospace company’s stock valued at $351,390,000 after buying an additional 655,592 shares during the period. AQR Capital Management LLC raised its stake in shares of L3 Technologies by 14.7% in the fourth quarter. AQR Capital Management LLC now owns 2,098,142 shares of the aerospace company’s stock valued at $319,148,000 after buying an additional 268,870 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of L3 Technologies by 32.0% in the first quarter. Bank of New York Mellon Corp now owns 1,475,754 shares of the aerospace company’s stock valued at $243,927,000 after buying an additional 357,856 shares during the period. 78.91% of the stock is currently owned by institutional investors and hedge funds.
Shares of L3 Technologies (NYSE:LLL) opened at 167.22 on Friday. The stock has a 50 day moving average of $167.48 and a 200 day moving average of $159.21. The firm has a market cap of $12.99 billion, a price-to-earnings ratio of 20.39 and a beta of 1.09. L3 Technologies has a 52-week low of $132.38 and a 52-week high of $179.95.
L3 Technologies (NYSE:LLL) last issued its quarterly earnings data on Thursday, April 27th. The aerospace company reported $2.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.81 by $0.26. L3 Technologies had a net margin of 6.75% and a return on equity of 14.16%. The business had revenue of $2.67 billion during the quarter, compared to analysts’ expectations of $2.45 billion. During the same period in the previous year, the company earned $2.08 earnings per share. L3 Technologies’s revenue for the quarter was up 13.4% on a year-over-year basis. Equities analysts predict that L3 Technologies will post $8.74 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Friday, May 19th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Wednesday, May 17th. L3 Technologies’s dividend payout ratio (DPR) is currently 31.08%.
L3 Technologies Company Profile
L3 Technologies, Inc, formerly L-3 Communications Holdings, Inc, is engaged as a contractor in Intelligence, Surveillance and Reconnaissance (ISR) systems, aircraft sustainment (including modifications, logistics and maintenance), simulation and training, night vision and image intensification equipment, and security and detection systems.