Shares of L3 Technologies Inc (NYSE:LLL) have earned a consensus rating of “Buy” from the fourteen analysts that are covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $236.67.
A number of brokerages have weighed in on LLL. Credit Suisse Group upped their price objective on shares of L3 Technologies from $238.00 to $272.00 and gave the stock an “outperform” rating in a report on Monday, October 15th. JPMorgan Chase & Co. cut shares of L3 Technologies from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $245.00 to $240.00 in a report on Friday, November 2nd. Vertical Research upgraded shares of L3 Technologies from a “hold” rating to a “buy” rating in a report on Monday, October 15th. Zacks Investment Research cut shares of L3 Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, September 11th. Finally, Barclays cut their price objective on shares of L3 Technologies from $274.00 to $220.00 and set an “overweight” rating on the stock in a report on Tuesday, December 4th.
Several large investors have recently bought and sold shares of LLL. Honkamp Krueger Financial Services Inc. purchased a new stake in shares of L3 Technologies during the third quarter valued at approximately $122,000. Point72 Hong Kong Ltd grew its holdings in shares of L3 Technologies by 2,067.9% during the third quarter. Point72 Hong Kong Ltd now owns 607 shares of the aerospace company’s stock valued at $129,000 after buying an additional 579 shares during the last quarter. NEXT Financial Group Inc purchased a new stake in shares of L3 Technologies during the third quarter valued at approximately $134,000. Belpointe Asset Management LLC purchased a new stake in L3 Technologies in the third quarter worth approximately $138,000. Finally, Cornerstone Wealth Management LLC purchased a new stake in L3 Technologies in the second quarter worth approximately $166,000. Hedge funds and other institutional investors own 80.01% of the company’s stock.
L3 Technologies (NYSE:LLL) last announced its quarterly earnings data on Monday, October 15th. The aerospace company reported $2.85 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $2.85. The business had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.50 billion. L3 Technologies had a net margin of 10.64% and a return on equity of 14.71%. The business’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.96 earnings per share. As a group, equities analysts predict that L3 Technologies will post 10.33 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Friday, November 16th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend is Thursday, November 15th. L3 Technologies’s payout ratio is 37.78%.
About L3 Technologies
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.
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