L3 Technologies Inc (NYSE:LLL) insider Michael T. Strianese sold 39,515 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $204.36, for a total value of $8,075,285.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

  • On Monday, February 5th, Michael T. Strianese sold 39,515 shares of L3 Technologies stock. The shares were sold at an average price of $208.26, for a total value of $8,229,393.90.
  • On Monday, January 29th, Michael T. Strianese sold 39,515 shares of L3 Technologies stock. The shares were sold at an average price of $217.36, for a total value of $8,588,980.40.
  • On Monday, January 22nd, Michael T. Strianese sold 39,515 shares of L3 Technologies stock. The shares were sold at an average price of $209.53, for a total value of $8,279,577.95.
  • On Tuesday, January 16th, Michael T. Strianese sold 39,515 shares of L3 Technologies stock. The shares were sold at an average price of $209.32, for a total value of $8,271,279.80.
  • On Monday, January 8th, Michael T. Strianese sold 39,515 shares of L3 Technologies stock. The stock was sold at an average price of $202.35, for a total value of $7,995,860.25.
  • On Tuesday, January 2nd, Michael T. Strianese sold 39,515 shares of L3 Technologies stock. The stock was sold at an average price of $197.04, for a total value of $7,786,035.60.
  • On Friday, December 1st, Michael T. Strianese sold 22,545 shares of L3 Technologies stock. The stock was sold at an average price of $196.26, for a total value of $4,424,681.70.

L3 Technologies Inc (NYSE LLL) opened at $206.61 on Wednesday. The company has a current ratio of 1.89, a quick ratio of 1.72 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $15,975.38, a P/E ratio of 23.80, a P/E/G ratio of 2.59 and a beta of 1.26. L3 Technologies Inc has a 52-week low of $159.43 and a 52-week high of $218.71.

L3 Technologies (NYSE:LLL) last posted its earnings results on Thursday, January 25th. The aerospace company reported $2.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.30 by $0.05. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.55 billion. L3 Technologies had a return on equity of 13.63% and a net margin of 6.37%. L3 Technologies’s revenue was down 2.6% on a year-over-year basis. During the same quarter last year, the company earned $2.38 EPS. analysts forecast that L3 Technologies Inc will post 9.55 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Wednesday, February 28th. This is an increase from L3 Technologies’s previous quarterly dividend of $0.75. L3 Technologies’s dividend payout ratio (DPR) is 35.25%.

Several institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC lifted its position in shares of L3 Technologies by 13.1% during the 4th quarter. Renaissance Technologies LLC now owns 319,500 shares of the aerospace company’s stock worth $63,213,000 after buying an additional 37,000 shares during the period. Koch Industries Inc. increased its holdings in L3 Technologies by 260.3% during the 4th quarter. Koch Industries Inc. now owns 6,009 shares of the aerospace company’s stock valued at $1,189,000 after purchasing an additional 4,341 shares in the last quarter. Kings Point Capital Management acquired a new stake in L3 Technologies during the 4th quarter valued at $158,000. Amundi Pioneer Asset Management Inc. increased its holdings in L3 Technologies by 206.7% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 165,695 shares of the aerospace company’s stock valued at $32,784,000 after purchasing an additional 111,676 shares in the last quarter. Finally, AXA increased its holdings in L3 Technologies by 307.7% during the 4th quarter. AXA now owns 7,685 shares of the aerospace company’s stock valued at $1,520,000 after purchasing an additional 5,800 shares in the last quarter. Institutional investors and hedge funds own 77.44% of the company’s stock.

A number of analysts have commented on LLL shares. ValuEngine upgraded L3 Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Royal Bank of Canada set a $202.00 price objective on L3 Technologies and gave the stock a “hold” rating in a research report on Wednesday, November 15th. SunTrust Banks started coverage on L3 Technologies in a research report on Monday, November 20th. They issued a “buy” rating for the company. Cowen reiterated a “buy” rating and issued a $200.00 price objective on shares of L3 Technologies in a research report on Friday, October 27th. Finally, Stifel Nicolaus raised their price objective on L3 Technologies from $195.00 to $205.00 and gave the stock a “hold” rating in a research report on Friday, October 27th. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. L3 Technologies has an average rating of “Buy” and a consensus target price of $215.30.

TRADEMARK VIOLATION NOTICE: “Insider Selling: L3 Technologies Inc (LLL) Insider Sells 39,515 Shares of Stock” was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece on another site, it was stolen and republished in violation of U.S. & international trademark and copyright law. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2018/02/14/insider-selling-l3-technologies-inc-lll-insider-sells-39515-shares-of-stock.html.

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.

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

Receive News & Ratings for L3 Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for L3 Technologies and related companies with MarketBeat.com's FREE daily email newsletter.