L3 Technologies Inc (LLL) Given Consensus Recommendation of “Buy” by Brokerages

L3 Technologies Inc (NYSE:LLL) has been assigned an average rating of “Buy” from the eleven brokerages that are presently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $242.50.

LLL has been the topic of several recent analyst reports. Cowen reissued a “buy” rating and set a $250.00 price objective on shares of L3 Technologies in a research note on Tuesday, January 29th. Barclays lifted their price objective on shares of L3 Technologies from $245.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday. Zacks Investment Research lowered shares of L3 Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, January 30th. ValuEngine raised shares of L3 Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, May 8th. Finally, Credit Suisse Group reissued a “buy” rating and set a $229.00 price objective on shares of L3 Technologies in a research note on Wednesday, January 23rd.

In other L3 Technologies news, insider Todd W. Gautier sold 7,438 shares of L3 Technologies stock in a transaction that occurred on Thursday, March 7th. The shares were 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 is available at this hyperlink. Also, insider Todd W. Gautier sold 3,600 shares of L3 Technologies stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $214.86, for a total transaction of $773,496.00. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Simmons Bank raised its holdings in shares of L3 Technologies by 3.6% in the first quarter. Simmons Bank now owns 1,359 shares of the aerospace company’s stock valued at $280,000 after purchasing an additional 47 shares during the last quarter. Oakbrook Investments LLC raised its holdings in shares of L3 Technologies by 1.3% in the first quarter. Oakbrook Investments LLC now owns 3,760 shares of the aerospace company’s stock valued at $776,000 after purchasing an additional 50 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its holdings in shares of L3 Technologies by 8.5% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 653 shares of the aerospace company’s stock valued at $113,000 after purchasing an additional 51 shares during the last quarter. First Commonwealth Financial Corp PA raised its holdings in shares of L3 Technologies by 2.9% in the fourth quarter. First Commonwealth Financial Corp PA now owns 2,190 shares of the aerospace company’s stock valued at $380,000 after purchasing an additional 62 shares during the last quarter. Finally, Mosaic Family Wealth LLC raised its holdings in shares of L3 Technologies by 36.1% in the fourth quarter. Mosaic Family Wealth LLC now owns 264 shares of the aerospace company’s stock valued at $46,000 after purchasing an additional 70 shares during the last quarter. 82.50% of the stock is currently owned by hedge funds and other institutional investors.

L3 Technologies stock traded up $2.80 during midday trading on Thursday, hitting $238.31. 516,324 shares of the stock were exchanged, compared to its average volume of 549,870. L3 Technologies has a 52 week low of $158.76 and a 52 week high of $239.50. The firm has a market capitalization of $18.62 billion, a price-to-earnings ratio of 22.17, a PEG 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 released its quarterly earnings data on Wednesday, May 1st. The aerospace company reported $2.89 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.37. L3 Technologies had a net margin of 9.64% and a return on equity of 15.50%. The business had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.53 billion. During the same quarter last year, the firm earned $2.34 EPS. L3 Technologies’s quarterly revenue was up 13.9% compared to the same quarter last year. As a group, analysts predict that L3 Technologies will post 11.74 EPS for the current fiscal year.

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

About L3 Technologies

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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Analyst Recommendations for L3 Technologies (NYSE:LLL)

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