News headlines about L3 Technologies (NYSE:LLL) have trended somewhat positive on Wednesday, according to Accern Sentiment. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. L3 Technologies earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned headlines about the aerospace company an impact score of 45.0212024644144 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Several analysts have recently weighed in on LLL shares. Credit Suisse Group reaffirmed an “outperform” rating on shares of L3 Technologies in a research report on Thursday, December 7th. Royal Bank of Canada reaffirmed a “buy” rating and set a $250.00 price target on shares of L3 Technologies in a research report on Wednesday, January 24th. ValuEngine raised shares of L3 Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Cowen reaffirmed a “buy” rating and set a $225.00 price target on shares of L3 Technologies in a research report on Friday, January 26th. Finally, SunTrust Banks increased their price target on shares of L3 Technologies to $253.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. L3 Technologies currently has an average rating of “Buy” and an average target price of $215.30.
Shares of LLL stock traded down $0.44 during mid-day trading on Wednesday, hitting $206.35. 411,540 shares of the stock traded hands, compared to its average volume of 658,163. The company has a quick ratio of 1.71, a current ratio of 1.87 and a debt-to-equity ratio of 0.65. L3 Technologies has a twelve month low of $159.43 and a twelve month high of $218.71. The company has a market capitalization of $16,161.07, a PE ratio of 24.25, a price-to-earnings-growth ratio of 2.62 and a beta of 1.23.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were issued a $0.80 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $3.20 dividend on an annualized basis and a yield of 1.55%. This is a boost from L3 Technologies’s previous quarterly dividend of $0.75. L3 Technologies’s dividend payout ratio (DPR) is currently 37.60%.
In other L3 Technologies news, insider Michael T. Strianese sold 39,515 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $197.04, for a total value of $7,786,035.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Thomas A. Corcoran sold 1,546 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $207.40, for a total transaction of $320,640.40. The disclosure for this sale can be found here. Insiders sold 477,498 shares of company stock worth $98,952,848 in the last three months. 2.90% of the stock is currently owned by corporate insiders.
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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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