L3 Technologies (NYSE:LLL) Sets New 1-Year High at $259.58

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L3 Technologies Inc (NYSE:LLL)’s share price hit a new 52-week high on Monday . The stock traded as high as $259.58 and last traded at $258.39, with a volume of 21759 shares changing hands. The stock had previously closed at $256.37.

Several brokerages recently issued reports on LLL. ValuEngine upgraded shares of L3 Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, May 8th. Credit Suisse Group raised their target price on shares of L3 Technologies from $232.00 to $258.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. SunTrust Banks upgraded shares of L3 Technologies to a “buy” rating and set a $265.00 target price for the company in a research note on Thursday, May 2nd. Cowen reiterated a “buy” rating and issued a $250.00 target price on shares of L3 Technologies in a research note on Wednesday, May 1st. Finally, Barclays raised their target price on shares of L3 Technologies from $245.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, May 16th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $238.33.

The company has a market cap of $20.37 billion, a PE ratio of 22.63, a PEG ratio of 2.34 and a beta of 1.06. The company has a current ratio of 2.02, a quick ratio of 1.65 and a debt-to-equity ratio of 0.54.

L3 Technologies (NYSE:LLL) last issued its earnings results on Wednesday, May 1st. The aerospace company reported $2.89 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.52 by $0.37. The business had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.53 billion. L3 Technologies had a net margin of 9.64% and a return on equity of 15.50%. L3 Technologies’s revenue was up 13.9% on a year-over-year basis. During the same period last year, the business posted $2.34 EPS. Equities research analysts expect that L3 Technologies Inc will post 11.78 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Friday, May 17th were given a dividend of $0.85 per share. The ex-dividend date was Thursday, May 16th. This represents a $3.40 annualized dividend and a yield of 1.40%. L3 Technologies’s dividend payout ratio (DPR) is presently 31.63%.

A number of hedge funds have recently modified their holdings of the business. Simmons Bank lifted its position in L3 Technologies by 3.6% during the first quarter. Simmons Bank now owns 1,359 shares of the aerospace company’s stock worth $280,000 after acquiring an additional 47 shares during the last quarter. Oakbrook Investments LLC lifted its position in L3 Technologies by 1.3% during the first quarter. Oakbrook Investments LLC now owns 3,760 shares of the aerospace company’s stock worth $776,000 after acquiring an additional 50 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its position in L3 Technologies by 8.5% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 653 shares of the aerospace company’s stock worth $113,000 after acquiring an additional 51 shares during the last quarter. First Commonwealth Financial Corp PA lifted its position in L3 Technologies by 2.9% during the fourth quarter. First Commonwealth Financial Corp PA now owns 2,190 shares of the aerospace company’s stock worth $380,000 after acquiring an additional 62 shares during the last quarter. Finally, Mosaic Family Wealth LLC lifted its position in L3 Technologies by 36.1% during the fourth quarter. Mosaic Family Wealth LLC now owns 264 shares of the aerospace company’s stock worth $46,000 after acquiring an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 82.31% of the company’s stock.

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About L3 Technologies (NYSE:LLL)

L3 Technologies, Inc provides aircraft sustainment, simulation and training, night vision and image intensification equipment, and security and detection systems used on military, homeland security, and commercial platforms in the United States and internationally. It operates in three segments: Intelligence, Surveillance and Reconnaissance (ISR) Systems; Communications and Networked Systems (C&NS); and Electronic Systems.

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