ValuEngine cut shares of L3 Technologies (NYSE:LLL) from a buy rating to a hold rating in a research report released on Tuesday.
Other analysts have also recently issued research reports about the company. Zacks Investment Research raised L3 Technologies from a hold rating to a buy rating and set a $237.00 price objective on the stock in a report on Monday, July 30th. Citigroup increased their price objective on L3 Technologies from $240.00 to $250.00 and gave the stock a buy rating in a report on Monday, July 30th. Cowen reissued a buy rating and set a $225.00 price objective on shares of L3 Technologies in a report on Tuesday, July 3rd. Jefferies Financial Group reissued a hold rating and set a $220.00 price objective on shares of L3 Technologies in a report on Wednesday, July 11th. Finally, UBS Group assumed coverage on L3 Technologies in a report on Wednesday, August 15th. They set a neutral rating and a $230.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $234.08.
Shares of LLL opened at $209.99 on Tuesday. The stock has a market cap of $16.53 billion, a P/E ratio of 24.79, a P/E/G ratio of 2.27 and a beta of 1.23. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.49 and a current ratio of 1.82. L3 Technologies has a 52-week low of $180.24 and a 52-week high of $218.71.
L3 Technologies (NYSE:LLL) last issued its quarterly earnings data on Thursday, July 26th. The aerospace company reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.17. The business had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.49 billion. L3 Technologies had a return on equity of 13.82% and a net margin of 8.74%. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.54 EPS. research analysts expect that L3 Technologies will post 10.02 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 17th. Shareholders of record on Friday, August 17th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Thursday, August 16th. This represents a $3.20 dividend on an annualized basis and a yield of 1.52%. L3 Technologies’s dividend payout ratio is currently 37.78%.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Koch Industries Inc. increased its stake in L3 Technologies by 36.5% in the 1st quarter. Koch Industries Inc. now owns 8,203 shares of the aerospace company’s stock worth $1,706,000 after acquiring an additional 2,194 shares during the last quarter. JPMorgan Chase & Co. increased its stake in L3 Technologies by 20.4% in the 1st quarter. JPMorgan Chase & Co. now owns 926,013 shares of the aerospace company’s stock worth $192,612,000 after acquiring an additional 156,822 shares during the last quarter. Oakbrook Investments LLC increased its stake in L3 Technologies by 99.8% in the 2nd quarter. Oakbrook Investments LLC now owns 6,525 shares of the aerospace company’s stock worth $1,255,000 after acquiring an additional 3,260 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of L3 Technologies by 1.2% during the 1st quarter. Principal Financial Group Inc. now owns 432,479 shares of the aerospace company’s stock valued at $89,955,000 after purchasing an additional 5,132 shares during the last quarter. Finally, Girard Partners LTD. increased its position in shares of L3 Technologies by 31.4% during the 2nd quarter. Girard Partners LTD. now owns 1,349 shares of the aerospace company’s stock valued at $259,000 after purchasing an additional 322 shares during the last quarter. Institutional investors and hedge funds own 81.80% of the company’s stock.
L3 Technologies Company Profile
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.
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