Analysts at SunTrust Banks, Inc. began coverage on shares of L3 Technologies, Inc. (NYSE:LLL) in a research note issued to investors on Monday. The firm set a “buy” rating on the aerospace company’s stock.
A number of other research firms also recently weighed in on LLL. Cowen and Company restated a “buy” rating and issued a $200.00 price target (up from $190.00) on shares of L3 Technologies in a research note on Tuesday, October 3rd. ValuEngine downgraded L3 Technologies from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Royal Bank Of Canada reiterated a “hold” rating on shares of L3 Technologies in a research note on Sunday, October 8th. Deutsche Bank AG reiterated a “buy” rating and set a $205.00 target price (up from $190.00) on shares of L3 Technologies in a research note on Monday, October 2nd. Finally, Zacks Investment Research upgraded L3 Technologies from a “hold” rating to a “buy” rating and set a $210.00 target price for the company in a research note on Monday, October 2nd. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $197.50.
L3 Technologies (NYSE LLL) traded down $0.80 during trading hours on Monday, hitting $184.39. The company had a trading volume of 345,100 shares, compared to its average volume of 545,985. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.62 and a current ratio of 1.80. The company has a market capitalization of $14,410.00, a P/E ratio of 21.39, a PEG ratio of 3.48 and a beta of 1.17. L3 Technologies has a fifty-two week low of $143.54 and a fifty-two week high of $192.00.
L3 Technologies (NYSE:LLL) last posted its quarterly earnings results on Thursday, October 26th. The aerospace company reported $1.96 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.93 by $0.03. The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.68 billion. L3 Technologies had a return on equity of 1.85% and a net margin of 0.98%. The business’s revenue was up 5.6% compared to the same quarter last year. During the same period last year, the company earned $1.88 earnings per share. research analysts anticipate that L3 Technologies will post 8.92 EPS for the current year.
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In related news, insider Ralph Dambrosio sold 5,000 shares of L3 Technologies stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $180.23, for a total transaction of $901,150.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael T. Strianese sold 22,547 shares of L3 Technologies stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $185.87, for a total value of $4,190,810.89. The disclosure for this sale can be found here. Over the last three months, insiders have sold 72,641 shares of company stock valued at $13,399,403. 2.90% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Acrospire Investment Management LLC acquired a new position in L3 Technologies in the 2nd quarter valued at $100,000. Bronfman E.L. Rothschild L.P. raised its holdings in L3 Technologies by 103.1% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 654 shares of the aerospace company’s stock valued at $109,000 after acquiring an additional 332 shares in the last quarter. Invictus RG acquired a new position in L3 Technologies in the 3rd quarter valued at $135,000. San Francisco Sentry Investment Group CA acquired a new position in L3 Technologies in the 2nd quarter valued at $171,000. Finally, Parallel Advisors LLC raised its holdings in L3 Technologies by 56.5% in the 3rd quarter. Parallel Advisors LLC now owns 961 shares of the aerospace company’s stock valued at $178,000 after acquiring an additional 347 shares in the last quarter. 77.77% of the stock is owned by hedge funds and other institutional investors.
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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