Shares of L3 Technologies Inc (NYSE:LLL) have received a consensus rating of “Buy” from the fourteen analysts that are covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $241.17.

Several analysts have recently commented on LLL shares. ValuEngine upgraded L3 Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, July 31st. Credit Suisse Group increased their target price on L3 Technologies from $218.00 to $238.00 and gave the stock an “outperform” rating in a report on Friday, July 27th. Citigroup upped their price target on L3 Technologies from $240.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, July 30th. Jefferies Financial Group reaffirmed a “hold” rating and set a $222.00 price target on shares of L3 Technologies in a research note on Friday, July 27th. Finally, UBS Group started coverage on L3 Technologies in a research note on Wednesday, August 15th. They set a “neutral” rating and a $230.00 price target on the stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Mutual of America Capital Management LLC lifted its stake in L3 Technologies by 1.0% in the second quarter. Mutual of America Capital Management LLC now owns 24,330 shares of the aerospace company’s stock valued at $4,679,000 after buying an additional 238 shares during the period. Pillar Pacific Capital Management LLC lifted its stake in L3 Technologies by 6.6% in the third quarter. Pillar Pacific Capital Management LLC now owns 4,631 shares of the aerospace company’s stock valued at $984,000 after buying an additional 285 shares during the period. Hudson Capital Management LLC lifted its stake in L3 Technologies by 13.2% in the third quarter. Hudson Capital Management LLC now owns 2,465 shares of the aerospace company’s stock valued at $524,000 after buying an additional 287 shares during the period. Northstar Asset Management LLC lifted its stake in L3 Technologies by 3.1% in the second quarter. Northstar Asset Management LLC now owns 10,000 shares of the aerospace company’s stock valued at $1,923,000 after buying an additional 300 shares during the period. Finally, CIBC Asset Management Inc lifted its stake in L3 Technologies by 4.2% in the second quarter. CIBC Asset Management Inc now owns 7,533 shares of the aerospace company’s stock valued at $1,449,000 after buying an additional 306 shares during the period. 81.51% of the stock is currently owned by institutional investors and hedge funds.

NYSE:LLL traded down $1.73 during trading hours on Thursday, reaching $185.77. The company had a trading volume of 28,309 shares, compared to its average volume of 949,680. L3 Technologies has a one year low of $180.24 and a one year high of $223.73. The stock has a market capitalization of $15.07 billion, a price-to-earnings ratio of 21.82, a price-to-earnings-growth ratio of 1.53 and a beta of 1.27. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.96 and a quick ratio of 1.56.

L3 Technologies (NYSE:LLL) last announced its earnings results on Monday, October 15th. The aerospace company reported $2.85 EPS for the quarter, hitting the consensus estimate of $2.85. The company had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.50 billion. L3 Technologies had a return on equity of 14.71% and a net margin of 10.64%. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.96 earnings per share. Research analysts expect that L3 Technologies will post 10.33 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Stockholders 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 dividend yield of 1.72%. The ex-dividend date is Thursday, November 15th. L3 Technologies’s dividend payout ratio (DPR) is presently 37.78%.

About L3 Technologies

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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Analyst Recommendations for L3 Technologies (NYSE:LLL)

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