Michael T. Strianese Sells 39,515 Shares of L3 Technologies Inc (LLL) Stock

L3 Technologies Inc (NYSE:LLL) insider Michael T. Strianese sold 39,515 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $204.36, for a total transaction of $8,075,285.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Michael T. Strianese also recently made the following trade(s):

  • On Monday, February 5th, Michael T. Strianese sold 39,515 shares of L3 Technologies stock. The shares were sold at an average price of $208.26, for a total transaction of $8,229,393.90.
  • On Monday, January 29th, Michael T. Strianese sold 39,515 shares of L3 Technologies stock. The shares were sold at an average price of $217.36, for a total transaction of $8,588,980.40.
  • On Monday, January 22nd, Michael T. Strianese sold 39,515 shares of L3 Technologies stock. The shares were sold at an average price of $209.53, for a total transaction of $8,279,577.95.
  • On Tuesday, January 16th, Michael T. Strianese sold 39,515 shares of L3 Technologies stock. The shares were sold at an average price of $209.32, for a total transaction of $8,271,279.80.
  • On Monday, January 8th, Michael T. Strianese sold 39,515 shares of L3 Technologies stock. The shares were sold at an average price of $202.35, for a total transaction of $7,995,860.25.
  • On Tuesday, January 2nd, Michael T. Strianese sold 39,515 shares of L3 Technologies stock. The shares were sold at an average price of $197.04, for a total transaction of $7,786,035.60.
  • On Friday, December 1st, Michael T. Strianese sold 22,545 shares of L3 Technologies stock. The shares were sold at an average price of $196.26, for a total transaction of $4,424,681.70.

L3 Technologies Inc (NYSE LLL) traded up $2.17 during midday trading on Tuesday, hitting $206.61. 866,274 shares of the stock were exchanged, compared to its average volume of 758,816. The company has a current ratio of 1.89, a quick ratio of 1.72 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $15,824.57, a PE ratio of 24.28, a PEG ratio of 2.57 and a beta of 1.26. L3 Technologies Inc has a 12-month low of $159.43 and a 12-month high of $218.71.

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

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be issued a $0.80 dividend. This is a boost from L3 Technologies’s previous quarterly dividend of $0.75. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Wednesday, February 28th. L3 Technologies’s dividend payout ratio (DPR) is currently 35.25%.

Large investors have recently added to or reduced their stakes in the company. Vestpro Financial Partners Inc. dba CPF Texas bought a new stake in shares of L3 Technologies in the 4th quarter valued at about $107,000. Invictus RG bought a new stake in shares of L3 Technologies in the 3rd quarter valued at about $135,000. NewSquare Capital LLC boosted its holdings in shares of 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 buying an additional 703 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of 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 buying an additional 347 shares in the last quarter. Finally, NEXT Financial Group Inc boosted its holdings in shares of 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 buying an additional 354 shares in the last quarter. Institutional investors and hedge funds own 77.44% of the company’s stock.

Several equities research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of L3 Technologies from a “hold” rating to a “buy” rating and set a $236.00 target price on the stock 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. SunTrust Banks increased their target price on shares of L3 Technologies to $253.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Royal Bank of Canada reissued a “buy” rating and issued a $250.00 target price on shares of L3 Technologies in a research note on Wednesday, January 24th. Finally, Bank of America raised shares of L3 Technologies from a “neutral” rating to a “buy” rating and set a $205.00 target price on the stock in a research note on Wednesday, January 17th. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $215.30.

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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.

Insider Buying and Selling by Quarter for L3 Technologies (NYSE:LLL)

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