L3 Technologies (LLL) Reaches New 1-Year High Following Analyst Upgrade

L3 Technologies Inc (NYSE:LLL)’s share price reached a new 52-week high during trading on Thursday after Barclays raised their price target on the stock from $245.00 to $270.00. Barclays currently has an overweight rating on the stock. L3 Technologies traded as high as $239.50 and last traded at $238.13, with a volume of 276808 shares changing hands. The stock had previously closed at $235.51.

Other equities analysts have also recently issued research reports about the company. ValuEngine raised L3 Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, May 8th. SunTrust Banks upgraded L3 Technologies to a “buy” rating and set a $265.00 price target on the stock in a research report on Thursday, May 2nd. Cowen restated a “buy” rating and set a $250.00 price target on shares of L3 Technologies in a research report on Wednesday, May 1st. Credit Suisse Group restated a “buy” rating and set a $229.00 price target on shares of L3 Technologies in a research report on Wednesday, January 23rd. Finally, Zacks Investment Research lowered L3 Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 23rd. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. L3 Technologies has a consensus rating of “Buy” and an average price target of $238.33.

In other L3 Technologies news, insider Todd W. Gautier sold 7,438 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $205.69, for a total value of $1,529,922.22. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Todd W. Gautier sold 3,600 shares of the stock in a transaction on Monday, February 25th. The shares were sold at an average price of $214.86, for a total value of $773,496.00. The disclosure for this sale can be found here. 2.40% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Glassman Wealth Services bought a new position in L3 Technologies in the 1st quarter valued at $32,000. Investors Research Corp bought a new position in L3 Technologies in the 1st quarter valued at $41,000. First Interstate Bank bought a new position in L3 Technologies in the 1st quarter valued at $43,000. ERTS Wealth Advisors LLC bought a new position in L3 Technologies in the 4th quarter valued at $40,000. Finally, Claybrook Capital LLC bought a new position in L3 Technologies in the 4th quarter valued at $41,000. Hedge funds and other institutional investors own 82.50% of the company’s stock.

The stock has a market cap of $18.62 billion, a P/E ratio of 22.15, a price-to-earnings-growth ratio of 2.15 and a beta of 1.28. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.02 and a quick ratio of 1.65.

L3 Technologies (NYSE:LLL) last announced its quarterly earnings data on Wednesday, May 1st. The aerospace company reported $2.89 EPS for the quarter, beating the Zacks’ consensus estimate of $2.52 by $0.37. The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.53 billion. L3 Technologies had a return on equity of 15.50% and a net margin of 9.64%. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period last year, the company earned $2.34 EPS. As a group, equities analysts expect that L3 Technologies Inc will post 11.74 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Friday, May 17th will be given a $0.85 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $3.40 annualized dividend and a dividend yield of 1.43%. L3 Technologies’s dividend payout ratio is currently 31.63%.

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L3 Technologies Company Profile (NYSE:LLL)

L3 Technologies, Inc provides aircraft sustainment, simulation and training, night vision and image intensification equipment, and security and detection systems used on military, homeland security, and commercial platforms in the United States and internationally. It operates in three segments: Intelligence, Surveillance and Reconnaissance (ISR) Systems; Communications and Networked Systems (C&NS); and Electronic Systems.

Further Reading: Institutional Investors

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