A number of research firms have changed their ratings and price targets for L3 Technologies (NYSE: LLL):
- 5/16/2019 – L3 Technologies had its price target raised by analysts at Barclays PLC from $245.00 to $270.00. They now have an “overweight” rating on the stock.
- 5/8/2019 – L3 Technologies was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
- 5/2/2019 – L3 Technologies had its price target raised by analysts at Credit Suisse Group AG from $232.00 to $258.00. They now have an “outperform” rating on the stock.
- 5/2/2019 – L3 Technologies was upgraded by analysts at SunTrust Banks, Inc. to a “buy” rating. They now have a $265.00 price target on the stock.
- 5/1/2019 – L3 Technologies had its “buy” rating reaffirmed by analysts at Cowen Inc. They now have a $250.00 price target on the stock.
NYSE LLL traded down $0.97 during trading on Friday, reaching $237.34. The company’s stock had a trading volume of 34,067 shares, compared to its average volume of 529,352. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.65 and a current ratio of 2.02. The firm has a market cap of $18.84 billion, a PE ratio of 22.08, a P/E/G ratio of 2.17 and a beta of 1.28. L3 Technologies Inc has a twelve month low of $158.76 and a twelve month high of $239.50.
L3 Technologies (NYSE:LLL) last posted its quarterly earnings data on Wednesday, May 1st. The aerospace company reported $2.89 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.37. L3 Technologies had a net margin of 9.64% and a return on equity of 15.50%. The company had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.53 billion. During the same period in the previous year, the business posted $2.34 earnings per share. L3 Technologies’s quarterly revenue was up 13.9% on a year-over-year basis. Research analysts predict that L3 Technologies Inc will post 11.78 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Friday, May 17th will be issued a $0.85 dividend. The ex-dividend date is Thursday, May 16th. This represents a $3.40 dividend on an annualized basis and a yield of 1.43%. L3 Technologies’s payout ratio is currently 31.63%.
In other L3 Technologies news, insider Todd W. Gautier sold 7,438 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $205.69, for a total value of $1,529,922.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Todd W. Gautier sold 3,600 shares of the firm’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $214.86, for a total value of $773,496.00. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.
A number of institutional investors have recently made changes to their positions in LLL. Glassman Wealth Services purchased a new stake in L3 Technologies during the 1st quarter valued at $32,000. ERTS Wealth Advisors LLC acquired a new position in L3 Technologies during the 4th quarter valued at about $40,000. Claybrook Capital LLC acquired a new position in L3 Technologies during the 4th quarter valued at about $41,000. Investors Research Corp acquired a new position in L3 Technologies during the 1st quarter valued at about $41,000. Finally, First Interstate Bank acquired a new position in L3 Technologies during the 1st quarter valued at about $43,000. 82.50% of the stock is owned by hedge funds and other institutional investors.
L3 Technologies, Inc provides aircraft sustainment, simulation and training, night vision and image intensification equipment, and security and detection systems used on military, homeland security, and commercial platforms in the United States and internationally. It operates in three segments: Intelligence, Surveillance and Reconnaissance (ISR) Systems; Communications and Networked Systems (C&NS); and Electronic Systems.
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