L3 Technologies (NYSE:LLL) had its target price lifted by Barclays from $245.00 to $270.00 in a report released on Thursday morning, BenzingaRatingsTable reports. They currently have an overweight rating on the aerospace company’s stock.
Several other equities analysts also recently issued reports on the company. Cowen reiterated a buy rating and issued a $250.00 price objective on shares of L3 Technologies in a research report on Tuesday, January 29th. Zacks Investment Research downgraded L3 Technologies from a strong-buy rating to a hold rating in a research report on Wednesday, January 23rd. Credit Suisse Group reiterated a buy rating and issued a $229.00 price objective on shares of L3 Technologies in a research report on Wednesday, January 23rd. SunTrust Banks upgraded L3 Technologies to a buy rating and set a $265.00 price objective for the company in a research report on Thursday, May 2nd. Finally, ValuEngine upgraded L3 Technologies from a hold rating to a buy rating in a research report on Wednesday, May 8th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $238.33.
LLL traded up $0.08 during trading on Thursday, hitting $238.39. The company’s stock had a trading volume of 25,016 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. L3 Technologies has a 12 month low of $158.76 and a 12 month high of $239.50. The company has a market cap of $18.84 billion, a price-to-earnings ratio of 22.25, a PEG ratio of 2.17 and a beta of 1.28.
L3 Technologies (NYSE:LLL) last issued its quarterly earnings data on Wednesday, May 1st. The aerospace company reported $2.89 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.52 by $0.37. L3 Technologies had a return on equity of 15.50% and a net margin of 9.64%. The firm had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter in the previous year, the company posted $2.34 EPS. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. As a group, research analysts predict that L3 Technologies will post 11.78 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Friday, May 17th will be given a dividend of $0.85 per share. The ex-dividend date is Thursday, May 16th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.43%. L3 Technologies’s payout ratio is currently 31.63%.
In other news, insider Todd W. Gautier sold 7,438 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $205.69, for a total transaction of $1,529,922.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.40% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Sandbar Asset Management LLP raised its position in shares of L3 Technologies by 724.7% during the first quarter. Sandbar Asset Management LLP now owns 39,924 shares of the aerospace company’s stock worth $8,239,000 after acquiring an additional 35,083 shares during the last quarter. Kore Private Wealth LLC bought a new stake in shares of L3 Technologies during the first quarter worth $162,000. Jane Street Group LLC bought a new stake in L3 Technologies in the first quarter valued at about $3,089,000. Bluefin Trading LLC bought a new stake in L3 Technologies in the first quarter valued at about $387,000. Finally, CWM Advisors LLC increased its holdings in L3 Technologies by 32.5% in the first quarter. CWM Advisors LLC now owns 2,709 shares of the aerospace company’s stock valued at $559,000 after purchasing an additional 665 shares during the last quarter. Institutional investors own 82.50% of the company’s stock.
L3 Technologies Company Profile
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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