L3 Technologies Inc (NYSE:LLL) has been assigned a consensus recommendation of “Buy” from the fourteen ratings firms that are currently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $213.00.
LLL has been the topic of several analyst reports. SunTrust Banks initiated coverage on L3 Technologies in a research note on Monday, November 20th. They set a “buy” rating on the stock. Royal Bank of Canada reissued a “buy” rating and set a $250.00 price objective on shares of L3 Technologies in a research note on Wednesday, January 24th. Credit Suisse Group reissued an “outperform” rating on shares of L3 Technologies in a research note on Thursday, December 7th. Cowen reissued a “buy” rating and set a $225.00 price objective on shares of L3 Technologies in a research note on Friday, January 26th. Finally, ValuEngine raised L3 Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st.
Shares of L3 Technologies (NYSE LLL) traded up $2.02 during midday trading on Friday, reaching $206.79. The company’s stock had a trading volume of 172,368 shares, compared to its average volume of 675,455. The company has a quick ratio of 1.71, a current ratio of 1.87 and a debt-to-equity ratio of 0.65. L3 Technologies has a 52 week low of $159.43 and a 52 week high of $218.71. The company has a market capitalization of $16,020.00, a PE ratio of 24.15, a P/E/G ratio of 2.67 and a beta of 1.23.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a dividend of $0.80 per share. This is a boost from L3 Technologies’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.55%. L3 Technologies’s dividend payout ratio is currently 37.74%.
In other news, insider Dan Azmon sold 1,772 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $203.82, for a total transaction of $361,169.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael T. Strianese sold 39,515 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $217.36, for a total value of $8,588,980.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 396,922 shares of company stock worth $82,461,880. Insiders own 2.90% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of L3 Technologies by 5.1% in the fourth 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 during the period. Certified Advisory Corp purchased a new stake in shares of L3 Technologies in the fourth quarter valued at approximately $128,000. KCM Investment Advisors LLC boosted its holdings in shares of L3 Technologies by 71.1% in the fourth 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 during the period. Xact Kapitalforvaltning AB boosted its holdings in shares of L3 Technologies by 12.5% in the fourth 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 during the period. Finally, First Commonwealth Financial Corp PA purchased a new stake in shares of L3 Technologies in the fourth quarter valued at approximately $294,000. 79.94% of the stock is currently owned by hedge funds and other institutional investors.
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L3 Technologies Company Profile
L3 Technologies, Inc, formerly L-3 Communications Holdings, Inc, is a prime contractor in Intelligence, Surveillance and Reconnaissance (ISR) systems, aircraft sustainment, simulation and training, night vision and image intensification equipment and security and detection systems. The Company provides a broad range of communication and electronic systems and products used on military and commercial platforms.
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