Investors Sell L3 Technologies (LLL) on Strength (LLL)

Investors sold shares of L3 Technologies Inc (NYSE:LLL) on strength during trading on Thursday. $27.38 million flowed into the stock on the tick-up and $67.66 million flowed out of the stock on the tick-down, for a money net flow of $40.28 million out of the stock. Of all companies tracked, L3 Technologies had the 0th highest net out-flow for the day. L3 Technologies traded up $0.74 for the day and closed at $206.47

A number of equities research analysts have recently commented on the stock. ValuEngine cut shares of L3 Technologies from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Cowen reiterated a “buy” rating and issued a $200.00 target price (up from $190.00) on shares of L3 Technologies in a research report on Tuesday, October 3rd. Bank of America increased their target price on shares of L3 Technologies from $185.00 to $205.00 and gave the company a “neutral” rating in a research report on Tuesday, October 10th. Zacks Investment Research cut shares of L3 Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Finally, Royal Bank of Canada reiterated a “hold” rating on shares of L3 Technologies in a research report on Sunday, October 8th. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $195.20.

The firm has a market cap of $16,370.00, a PE ratio of 28.81, a PEG ratio of 3.31 and a beta of 1.19. The company has a quick ratio of 1.62, a current ratio of 1.80 and a debt-to-equity ratio of 0.66.

L3 Technologies (NYSE:LLL) last released its quarterly earnings data on Thursday, October 26th. The aerospace company reported $1.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.93 by $0.03. L3 Technologies had a net margin of 5.22% and a return on equity of 14.00%. The firm had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.68 billion. During the same period last year, the business earned $1.88 earnings per share. L3 Technologies’s revenue was up 5.6% compared to the same quarter last year. sell-side analysts predict that L3 Technologies Inc will post 8.38 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 17th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.43%. The ex-dividend date was Thursday, November 16th. L3 Technologies’s payout ratio is currently 41.27%.

In related news, insider Michael T. Strianese sold 39,515 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $197.04, for a total transaction of $7,786,035.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders have sold 124,122 shares of company stock valued at $24,409,338. 2.90% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in LLL. Acrospire Investment Management LLC purchased a new position in L3 Technologies during the second quarter worth about $100,000. Invictus RG purchased a new position in L3 Technologies during the third quarter worth about $135,000. San Francisco Sentry Investment Group CA purchased a new position in L3 Technologies during the second quarter worth about $171,000. Parallel Advisors LLC boosted its stake in L3 Technologies by 56.5% during the third quarter. Parallel Advisors LLC now owns 961 shares of the aerospace company’s stock worth $178,000 after buying an additional 347 shares during the period. Finally, NEXT Financial Group Inc boosted its stake in L3 Technologies by 53.8% during the third quarter. NEXT Financial Group Inc now owns 1,012 shares of the aerospace company’s stock worth $190,000 after buying an additional 354 shares during the period. 78.53% of the stock is owned by 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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