L3 Technologies Inc (NYSE:LLL) insider Michael T. Strianese sold 39,515 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $197.04, for a total transaction of $7,786,035.60. The sale was disclosed in a filing with the SEC, which is available through this link.
Michael T. Strianese also recently made the following trade(s):
- On Friday, December 1st, Michael T. Strianese sold 22,545 shares of L3 Technologies stock. The shares were sold at an average price of $196.26, for a total transaction of $4,424,681.70.
- On Wednesday, November 1st, Michael T. Strianese sold 22,547 shares of L3 Technologies stock. The shares were sold at an average price of $186.40, for a total transaction of $4,202,760.80.
Shares of L3 Technologies Inc (LLL) opened at $198.27 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.80 and a quick ratio of 1.62. L3 Technologies Inc has a 1 year low of $143.54 and a 1 year high of $199.97. The company has a market cap of $15,490.00, a P/E ratio of 27.27, a price-to-earnings-growth ratio of 3.27 and a beta of 1.19.
The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, November 17th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date was Thursday, November 16th. L3 Technologies’s dividend payout ratio (DPR) is presently 41.27%.
LLL has been the subject of several analyst reports. Royal Bank of Canada set a $202.00 price target on shares of L3 Technologies and gave the company a “hold” rating in a research report on Wednesday, November 15th. SunTrust Banks initiated coverage on shares of L3 Technologies in a research report on Monday, November 20th. They set a “buy” rating for the company. Cowen reissued a “buy” rating and set a $200.00 price target on shares of L3 Technologies in a research report on Friday, October 27th. Stifel Nicolaus raised their price target on shares of L3 Technologies from $195.00 to $205.00 and gave the company a “hold” rating in a research report on Friday, October 27th. Finally, Zacks Investment Research raised shares of L3 Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $195.20.
Large investors have recently bought and sold shares of the business. Acrospire Investment Management LLC bought a new stake in L3 Technologies in the 2nd quarter worth approximately $100,000. Bronfman E.L. Rothschild L.P. boosted its stake in shares of L3 Technologies by 103.1% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 654 shares of the aerospace company’s stock worth $109,000 after acquiring an additional 332 shares during the last quarter. Invictus RG purchased a new position in shares of L3 Technologies during the 3rd quarter worth $135,000. Parallel Advisors LLC boosted its stake in shares of L3 Technologies by 56.5% during the 3rd quarter. Parallel Advisors LLC now owns 961 shares of the aerospace company’s stock worth $178,000 after acquiring an additional 347 shares during the last quarter. Finally, NEXT Financial Group Inc boosted its stake in shares of L3 Technologies by 53.8% during the 3rd quarter. NEXT Financial Group Inc now owns 1,012 shares of the aerospace company’s stock worth $190,000 after acquiring an additional 354 shares during the last quarter. 78.53% of the stock is owned by institutional investors and hedge funds.
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About L3 Technologies
L3 Technologies, Inc, formerly L-3 Communications Holdings, Inc, is a prime contractor in Intelligence, Surveillance and Reconnaissance (ISR) systems, aircraft sustainment, simulation and training, night vision and image intensification equipment and security and detection systems. The Company provides a broad range of communication and electronic systems and products used on military and commercial platforms.
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