Shares of L3 Technologies Inc (NYSE:LLL) have earned an average rating of “Buy” from the fourteen ratings firms that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $215.30.
LLL has been the topic of several recent analyst reports. ValuEngine raised shares of L3 Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Royal Bank of Canada set a $202.00 target price on shares of L3 Technologies and gave the stock a “hold” rating in a research note on Wednesday, November 15th. SunTrust Banks began coverage on shares of L3 Technologies in a research note on Monday, November 20th. They set a “buy” rating on the stock. Cowen reaffirmed a “buy” rating and issued a $200.00 price target on shares of L3 Technologies in a research note on Friday, October 27th. Finally, Stifel Nicolaus raised their price target on shares of L3 Technologies from $195.00 to $205.00 and gave the company a “hold” rating in a research note on Friday, October 27th.
Shares of L3 Technologies (NYSE LLL) opened at $204.44 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.72 and a current ratio of 1.89. L3 Technologies has a 12 month low of $159.43 and a 12 month high of $218.71. The stock has a market cap of $15,980.00, a PE ratio of 21.66, a PEG ratio of 2.57 and a beta of 1.26.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be paid a $0.80 dividend. This is a positive change from L3 Technologies’s previous quarterly dividend of $0.75. This represents a $3.20 dividend on an annualized basis and a yield of 1.57%. L3 Technologies’s dividend payout ratio (DPR) is currently 31.78%.
In related news, insider Michael T. Strianese sold 22,545 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $196.26, for a total value of $4,424,681.70. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders sold a total of 259,635 shares of company stock worth $53,575,810 over the last ninety days. 2.90% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in LLL. Vestpro Financial Partners Inc. dba CPF Texas acquired a new stake in L3 Technologies in the 4th quarter valued at about $107,000. Invictus RG acquired a new stake in L3 Technologies in the 3rd quarter valued at about $135,000. NewSquare Capital LLC raised its holdings in L3 Technologies by 2,510.7% in the 4th quarter. NewSquare Capital LLC now owns 731 shares of the aerospace company’s stock valued at $145,000 after acquiring an additional 703 shares during the last quarter. Parallel Advisors LLC raised its holdings in L3 Technologies by 56.5% in the 3rd quarter. Parallel Advisors LLC now owns 961 shares of the aerospace company’s stock valued at $178,000 after acquiring an additional 347 shares during the last quarter. Finally, NEXT Financial Group Inc raised its holdings in L3 Technologies by 53.8% in the 3rd quarter. NEXT Financial Group Inc now owns 1,012 shares of the aerospace company’s stock valued at $190,000 after acquiring an additional 354 shares during the last quarter. Institutional investors own 77.44% of the company’s stock.
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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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