LLL has been the subject of a number of other research reports. Zacks Investment Research cut L3 Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 23rd. Credit Suisse Group reiterated a “buy” rating and set a $229.00 target price on shares of L3 Technologies in a report on Wednesday, January 23rd. Cowen reiterated a “buy” rating and set a $250.00 target price on shares of L3 Technologies in a report on Tuesday, January 29th. Citigroup lowered their target price on L3 Technologies from $224.00 to $205.00 and set a “buy” rating for the company in a report on Monday, January 14th. Finally, SunTrust Banks upgraded L3 Technologies to a “buy” rating and set a $265.00 target price for the company in a report on Thursday, May 2nd. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $232.78.
LLL stock traded up $3.39 during trading hours on Wednesday, reaching $232.01. 652,732 shares of the stock were exchanged, compared to its average volume of 550,395. The stock has a market cap of $18.09 billion, a PE ratio of 21.58, a price-to-earnings-growth ratio of 2.12 and a beta of 1.28. The company has a current ratio of 2.02, a quick ratio of 1.65 and a debt-to-equity ratio of 0.54. L3 Technologies has a 12 month low of $158.76 and a 12 month high of $235.00.
L3 Technologies (NYSE:LLL) last released its earnings results on Wednesday, May 1st. The aerospace company reported $2.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.52 by $0.37. The firm had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.53 billion. L3 Technologies had a return on equity of 15.50% and a net margin of 9.64%. The company’s revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.34 EPS. On average, analysts forecast that L3 Technologies will post 11.69 earnings per share for the current fiscal year.
In other news, insider Todd W. Gautier sold 7,438 shares of the firm’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.40% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Telos Capital Management Inc. bought a new position in shares of L3 Technologies in the 1st quarter valued at about $211,000. Cornell Pochily Investment Advisors Inc. lifted its stake in L3 Technologies by 12.9% in the 4th quarter. Cornell Pochily Investment Advisors Inc. now owns 1,750 shares of the aerospace company’s stock valued at $304,000 after purchasing an additional 200 shares during the last quarter. Retirement Systems of Alabama lifted its stake in L3 Technologies by 1.6% in the 4th quarter. Retirement Systems of Alabama now owns 65,274 shares of the aerospace company’s stock valued at $11,335,000 after purchasing an additional 1,048 shares during the last quarter. Essex Savings Bank acquired a new stake in L3 Technologies in the 4th quarter valued at about $251,000. Finally, ETRADE Capital Management LLC lifted its stake in L3 Technologies by 8.5% in the 4th quarter. ETRADE Capital Management LLC now owns 3,817 shares of the aerospace company’s stock valued at $663,000 after purchasing an additional 299 shares during the last quarter. Institutional investors own 82.07% of the company’s stock.
L3 Technologies Company Profile
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.
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