L3 Technologies (NYSE:LLL) had its price target upped by Credit Suisse Group from $238.00 to $272.00 in a report released on Monday, October 15th, The Fly reports. The brokerage currently has an outperform rating on the aerospace company’s stock.
A number of other research firms have also recently weighed in on LLL. ValuEngine upgraded L3 Technologies from a hold rating to a buy rating in a report on Tuesday, July 31st. Zacks Investment Research upgraded L3 Technologies from a hold rating to a buy rating and set a $238.00 price target for the company in a report on Monday, October 1st. Citigroup upped their price target on L3 Technologies from $240.00 to $250.00 and gave the stock a buy rating in a report on Monday, July 30th. UBS Group assumed coverage on L3 Technologies in a report on Wednesday, August 15th. They issued a neutral rating and a $230.00 price target for the company. Finally, Jefferies Financial Group restated a hold rating and issued a $222.00 price target on shares of L3 Technologies in a report on Friday, July 27th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. L3 Technologies has a consensus rating of Buy and a consensus price target of $241.17.
NYSE LLL opened at $191.32 on Monday. L3 Technologies has a 12 month low of $180.24 and a 12 month high of $223.73. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.96 and a quick ratio of 1.56. The stock has a market cap of $14.63 billion, a PE ratio of 22.59, a P/E/G ratio of 1.49 and a beta of 1.27.
L3 Technologies (NYSE:LLL) last posted its earnings results on Monday, October 15th. The aerospace company reported $2.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.39 by $0.46. The firm had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.50 billion. L3 Technologies had a net margin of 10.64% and a return on equity of 14.37%. The company’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.96 EPS. On average, analysts expect that L3 Technologies will post 10.34 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 16th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Thursday, November 15th. L3 Technologies’s dividend payout ratio (DPR) is presently 37.78%.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Janus Henderson Group PLC lifted its stake in L3 Technologies by 10.1% during the second quarter. Janus Henderson Group PLC now owns 1,869,999 shares of the aerospace company’s stock worth $359,639,000 after purchasing an additional 172,277 shares during the last quarter. Ashler Capital LLC lifted its stake in L3 Technologies by 9.2% during the second quarter. Ashler Capital LLC now owns 1,554,698 shares of the aerospace company’s stock worth $299,000,000 after purchasing an additional 131,586 shares during the last quarter. Summit Trail Advisors LLC lifted its stake in L3 Technologies by 13,429.5% during the first quarter. Summit Trail Advisors LLC now owns 1,065,987 shares of the aerospace company’s stock worth $1,066,000 after purchasing an additional 1,058,108 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in L3 Technologies by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 926,330 shares of the aerospace company’s stock worth $178,150,000 after purchasing an additional 2,379 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in L3 Technologies by 0.8% during the third quarter. Wells Fargo & Company MN now owns 697,447 shares of the aerospace company’s stock worth $148,292,000 after purchasing an additional 5,284 shares during the last quarter. Hedge funds and other institutional investors own 80.77% of the company’s stock.
L3 Technologies Company Profile
L3 Technologies, Inc provides aerospace systems, communication, electronic, and sensor systems used on military, homeland security, and commercial platforms in the United States and internationally. It offers simulation and training, night vision and image intensification equipment, and security and detection systems; and components, products, subsystems, and systems, as well as related services to military and commercial customers in various business areas, such as total training solutions, power and propulsion systems, aviation products, precision engagement systems, and security and detection systems.
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