L3 Technologies Inc (NYSE:LLL) has been given an average recommendation of “Buy” by the sixteen research firms that are presently covering the company. Seven research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $170.54.
LLL has been the topic of several analyst reports. Zacks Investment Research raised shares of L3 Technologies from a “hold” rating to a “buy” rating and set a $189.00 price target on the stock in a research note on Tuesday, February 28th. Royal Bank of Canada reaffirmed a “hold” rating and set a $159.00 price target on shares of L3 Technologies in a research note on Friday, March 24th. Jefferies Group LLC set a $160.00 price target on shares of L3 Technologies and gave the stock a “hold” rating in a research note on Tuesday, March 14th. Stifel Nicolaus raised their target price on shares of L3 Technologies from $162.00 to $170.00 and gave the stock a “hold” rating in a research report on Friday, January 27th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $184.00 target price on shares of L3 Technologies in a research report on Friday, January 20th.
In related news, CFO Ralph Dambrosio sold 8,000 shares of L3 Technologies stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $168.04, for a total value of $1,344,320.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Michael T. Strianese sold 22,547 shares of L3 Technologies stock in a transaction on Wednesday, February 1st. The stock was sold at an average price of $157.01, for a total transaction of $3,540,104.47. The disclosure for this sale can be found here. Insiders have sold 83,528 shares of company stock worth $13,759,253 in the last quarter. Insiders own 3.30% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Hartford Investment Management Co. bought a new stake in shares of L3 Technologies during the first quarter worth about $2,927,000. Berkshire Asset Management LLC PA raised its stake in shares of L3 Technologies by 17.7% in the first quarter. Berkshire Asset Management LLC PA now owns 2,324 shares of the aerospace company’s stock worth $384,000 after buying an additional 350 shares during the period. Parametrica Management Ltd bought a new stake in shares of L3 Technologies during the first quarter worth about $268,000. First Command Financial Services Inc. raised its stake in shares of L3 Technologies by 13.6% in the first quarter. First Command Financial Services Inc. now owns 2,712 shares of the aerospace company’s stock worth $448,000 after buying an additional 325 shares during the period. Finally, Alpha Windward LLC raised its stake in shares of L3 Technologies by 1,165.3% in the first quarter. Alpha Windward LLC now owns 3,062 shares of the aerospace company’s stock worth $506,000 after buying an additional 2,820 shares during the period. Institutional investors and hedge funds own 78.91% of the company’s stock.
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Shares of L3 Technologies (NYSE:LLL) traded up 1.10% during midday trading on Tuesday, reaching $168.43. 198,583 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $167.31 and its 200 day moving average is $157.04. L3 Technologies has a one year low of $122.24 and a one year high of $171.24. The firm has a market cap of $13.10 billion, a PE ratio of 18.70 and a beta of 1.09.
L3 Technologies (NYSE:LLL) last posted its earnings results on Thursday, January 26th. The aerospace company reported $2.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.11 by $0.27. L3 Technologies had a net margin of 6.75% and a return on equity of 14.16%. The firm earned $3 billion during the quarter, compared to the consensus estimate of $2.78 billion. During the same period last year, the firm posted $2.16 EPS. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. Analysts anticipate that L3 Technologies will post $8.61 EPS for the current year.
L3 Technologies Company Profile
L3 Technologies, Inc, formerly L-3 Communications Holdings, Inc, is engaged as a contractor in Intelligence, Surveillance and Reconnaissance (ISR) systems, aircraft sustainment (including modifications, logistics and maintenance), simulation and training, night vision and image intensification equipment, and security and detection systems.
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