L3 Technologies Inc (LLL) Insider Sells $7,995,860.25 in Stock

L3 Technologies Inc (NYSE:LLL) insider Michael T. Strianese sold 39,515 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $202.35, for a total transaction of $7,995,860.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Michael T. Strianese also recently made the following trade(s):

  • On Tuesday, January 2nd, Michael T. Strianese sold 39,515 shares of L3 Technologies stock. The shares were sold at an average price of $197.04, for a total transaction of $7,786,035.60.
  • 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 stock was sold at an average price of $186.40, for a total transaction of $4,202,760.80.

L3 Technologies Inc (NYSE LLL) opened at $206.47 on Friday. L3 Technologies Inc has a 1 year low of $143.54 and a 1 year high of $207.22. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.80 and a quick ratio of 1.62. The firm has a market cap of $16,130.00, a price-to-earnings ratio of 28.40, a P/E/G ratio of 3.33 and a beta of 1.19.

L3 Technologies (NYSE:LLL) last posted its quarterly earnings data on Thursday, October 26th. The aerospace company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $0.03. L3 Technologies had a net margin of 5.22% and a return on equity of 14.00%. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.68 billion. During the same period last year, the firm posted $1.88 EPS. L3 Technologies’s quarterly revenue was up 5.6% on a year-over-year basis. equities analysts anticipate that L3 Technologies Inc will post 8.38 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 17th were given a $0.75 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $3.00 dividend on an annualized basis and a yield of 1.45%. L3 Technologies’s dividend payout ratio (DPR) is 41.27%.

A number of equities analysts have recently commented on LLL shares. Zacks Investment Research raised shares of L3 Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Jefferies Group reaffirmed a “hold” rating and issued a $185.00 target price (up from $175.00) on shares of L3 Technologies in a report on Tuesday, October 10th. Stifel Nicolaus cut their target price on shares of L3 Technologies from $195.00 to $175.00 and set a “hold” rating on the stock in a report on Monday, October 16th. Credit Suisse Group reaffirmed an “outperform” rating on shares of L3 Technologies in a report on Thursday, December 7th. Finally, Royal Bank of Canada set a $202.00 target price on shares of L3 Technologies and gave the company a “hold” rating in a report on Wednesday, November 15th. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. L3 Technologies has a consensus rating of “Buy” and an average target price of $195.20.

Several hedge funds and other institutional investors have recently modified their holdings of LLL. Acrospire Investment Management LLC purchased a new stake in shares of L3 Technologies during the 2nd quarter worth $100,000. Invictus RG purchased a new stake in shares of L3 Technologies during the 3rd quarter worth $135,000. San Francisco Sentry Investment Group CA purchased a new stake in shares of L3 Technologies during the 2nd quarter worth $171,000. Parallel Advisors LLC boosted its position 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 purchasing an additional 347 shares in the last quarter. Finally, NEXT Financial Group Inc boosted its position 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 purchasing an additional 354 shares in the last quarter. Institutional investors own 78.53% of the company’s stock.

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L3 Technologies Company Profile

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.

Insider Buying and Selling by Quarter for L3 Technologies (NYSE:LLL)

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