Shares of L3 Technologies (NYSE:LLL) have received a consensus recommendation of “Buy” from the fourteen analysts that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $223.00.
A number of equities analysts have weighed in on LLL shares. Zacks Investment Research raised shares of L3 Technologies from a “hold” rating to a “buy” rating and set a $236.00 target price for the company in a research note on Tuesday, February 6th. ValuEngine raised shares of L3 Technologies from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Cowen reaffirmed a “buy” rating and set a $225.00 target price on shares of L3 Technologies in a research note on Friday, January 26th. SunTrust Banks increased their price target on shares of L3 Technologies to $253.00 and gave the company a “buy” rating in a report on Friday, January 26th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $250.00 price target on shares of L3 Technologies in a report on Wednesday, January 24th.
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In related news, Chairman Michael T. Strianese sold 39,515 shares of the firm’s stock in a transaction that occurred on Monday, April 30th. The shares were sold at an average price of $197.13, for a total value of $7,789,591.95. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Thomas A. Corcoran sold 1,546 shares of the firm’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $207.40, for a total transaction of $320,640.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 517,013 shares of company stock worth $107,227,289. Corporate insiders own 2.90% of the company’s stock.
A number of hedge funds have recently modified their holdings of LLL. DnB Asset Management AS purchased a new stake in L3 Technologies in the fourth quarter worth approximately $2,149,000. 440 Investment Group LLC purchased a new stake in L3 Technologies in the fourth quarter worth approximately $306,000. Wendell David Associates Inc. purchased a new stake in L3 Technologies in the fourth quarter worth approximately $282,000. Bank of Montreal Can boosted its holdings in L3 Technologies by 278.0% in the fourth quarter. Bank of Montreal Can now owns 94,982 shares of the aerospace company’s stock worth $18,791,000 after purchasing an additional 69,854 shares during the last quarter. Finally, E&G Advisors LP purchased a new stake in L3 Technologies in the fourth quarter worth approximately $475,000. Institutional investors own 79.82% of the company’s stock.
Shares of NYSE LLL traded up $0.77 on Friday, reaching $184.00. 1,087,256 shares of the company’s stock traded hands, compared to its average volume of 711,675. L3 Technologies has a 12 month low of $159.43 and a 12 month high of $218.71. The company has a market capitalization of $14,460.61, a price-to-earnings ratio of 21.72, a P/E/G ratio of 2.33 and a beta of 1.22. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.71 and a current ratio of 1.92.
L3 Technologies (NYSE:LLL) last announced its earnings results on Tuesday, May 1st. The aerospace company reported $2.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.01 by $0.33. L3 Technologies had a net margin of 6.94% and a return on equity of 13.74%. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter last year, the firm earned $2.07 earnings per share. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. analysts forecast that L3 Technologies will post 9.58 earnings per share for the current fiscal year.
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.