Insider Selling: L3 Technologies (LLL) Chairman Sells $8,371,252.75 in Stock

L3 Technologies (NYSE:LLL) Chairman Michael T. Strianese sold 39,515 shares of the firm’s stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is available at 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.

Shares of LLL opened at $216.06 on Friday. L3 Technologies has a 1 year low of $159.43 and a 1 year high of $218.71. The company has a quick ratio of 1.71, a current ratio of 1.87 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $16,733.67, a PE ratio of 25.51, a P/E/G ratio of 2.71 and a beta of 1.21.

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

A number of hedge funds have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. increased its holdings in L3 Technologies by 5.1% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 7,038 shares of the aerospace company’s stock valued at $1,392,000 after purchasing an additional 339 shares in the last quarter. Certified Advisory Corp acquired a new stake in L3 Technologies during the 4th quarter valued at $128,000. KCM Investment Advisors LLC increased its holdings in L3 Technologies by 71.1% during the 4th quarter. KCM Investment Advisors LLC now owns 9,532 shares of the aerospace company’s stock valued at $1,886,000 after purchasing an additional 3,960 shares in the last quarter. Xact Kapitalforvaltning AB increased its holdings in L3 Technologies by 12.5% during the 4th quarter. Xact Kapitalforvaltning AB now owns 7,295 shares of the aerospace company’s stock valued at $1,443,000 after purchasing an additional 810 shares in the last quarter. Finally, First Commonwealth Financial Corp PA acquired a new stake in L3 Technologies during the 4th quarter valued at $294,000. 79.95% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have commented on the company. Zacks Investment Research downgraded L3 Technologies from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Barclays initiated coverage on L3 Technologies in a research report on Thursday, March 29th. They issued an “overweight” rating and a $274.00 price objective for the company. ValuEngine raised L3 Technologies from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Cowen reissued a “buy” rating and issued a $225.00 target price on shares of L3 Technologies in a report on Friday, January 26th. Finally, SunTrust Banks increased their target price on L3 Technologies to $253.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $224.50.

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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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