L3 Technologies (LLL) Chairman Michael T. Strianese Sells 39,515 Shares

L3 Technologies (NYSE:LLL) Chairman Michael T. Strianese sold 39,515 shares of the firm’s stock in a transaction dated Monday, April 9th. The stock was sold at an average price of $209.62, for a total transaction of $8,283,134.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Monday, March 26th, Michael T. Strianese sold 39,515 shares of L3 Technologies stock. The stock was sold at an average price of $205.60, for a total transaction of $8,124,284.00.
  • On Monday, March 19th, Michael T. Strianese sold 39,515 shares of L3 Technologies stock. The stock was sold at an average price of $203.69, for a total transaction of $8,048,810.35.
  • On Monday, March 12th, Michael T. Strianese sold 39,515 shares of L3 Technologies stock. The stock was sold at an average price of $205.53, for a total transaction of $8,121,517.95.
  • On Monday, March 5th, Michael T. Strianese sold 39,515 shares of L3 Technologies stock. The stock was sold at an average price of $203.85, for a total transaction of $8,055,132.75.
  • On Monday, February 26th, Michael T. Strianese sold 39,515 shares of L3 Technologies stock. The stock was sold at an average price of $213.72, for a total transaction of $8,445,145.80.
  • On Tuesday, February 20th, Michael T. Strianese sold 39,515 shares of L3 Technologies stock. The stock was sold at an average price of $211.92, for a total transaction of $8,374,018.80.
  • On Monday, February 12th, Michael T. Strianese sold 39,515 shares of L3 Technologies stock. The stock was sold at an average price of $204.36, for a total transaction of $8,075,285.40.
  • On Monday, February 5th, Michael T. Strianese sold 39,515 shares of L3 Technologies stock. The stock was sold at an average price of $208.26, for a total transaction of $8,229,393.90.
  • On Monday, January 29th, Michael T. Strianese sold 39,515 shares of L3 Technologies stock. The stock was sold at an average price of $217.36, for a total transaction of $8,588,980.40.
  • On Monday, January 22nd, Michael T. Strianese sold 39,515 shares of L3 Technologies stock. The stock was sold at an average price of $209.53, for a total transaction of $8,279,577.95.

Shares of L3 Technologies stock opened at $210.41 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.87 and a quick ratio of 1.71. The stock has a market capitalization of $16,322.99, a P/E ratio of 24.84, a price-to-earnings-growth ratio of 2.64 and a beta of 1.21. L3 Technologies has a 1 year low of $159.43 and a 1 year high of $218.71.



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

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.52%. This is a positive change from L3 Technologies’s previous quarterly dividend of $0.75. The ex-dividend date was Wednesday, February 28th. L3 Technologies’s dividend payout ratio (DPR) is presently 37.78%.

Several research firms have recently commented on LLL. Royal Bank of Canada reaffirmed a “buy” rating and issued a $250.00 target price on shares of L3 Technologies in a research report on Wednesday, January 24th. Cowen reaffirmed a “buy” rating and issued a $225.00 target price on shares of L3 Technologies in a research report on Friday, January 26th. Zacks Investment Research cut shares of L3 Technologies from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Bank of America raised shares of L3 Technologies from a “neutral” rating to a “buy” rating and set a $205.00 target price for the company in a research report on Wednesday, January 17th. Finally, Barclays started coverage on shares of L3 Technologies in a research note on Thursday, March 29th. They issued an “overweight” rating and a $274.00 price target for the company. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $224.50.

Institutional investors have recently modified their holdings of the stock. Vestpro Financial Partners Inc. dba CPF Texas bought a new stake in L3 Technologies during the 4th quarter valued at about $107,000. Certified Advisory Corp bought a new stake in L3 Technologies during the 4th quarter valued at about $128,000. NewSquare Capital LLC increased its stake in L3 Technologies by 2,510.7% during the 4th quarter. NewSquare Capital LLC now owns 731 shares of the aerospace company’s stock valued at $145,000 after purchasing an additional 703 shares in the last quarter. Kings Point Capital Management bought a new stake in L3 Technologies during the 4th quarter valued at about $158,000. Finally, Parallel Advisors LLC increased its stake in L3 Technologies by 56.5% during the 3rd quarter. Parallel Advisors LLC now owns 961 shares of the aerospace company’s stock valued at $178,000 after purchasing an additional 347 shares in the last quarter. Institutional investors own 79.95% of the company’s stock.

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L3 Technologies Company Profile

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.

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

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