L3 Technologies, Inc. (LLL) Sees 52-Week High


In the market the company is trading up by 1.79 percent from yesterday’s close. It is trading at $181.37 which is a tad above $171.61, the stock’s 50 day moving average and just a bit higher than the 200 day moving average of $166.79. The 50 day moving average was up $9.30 whereas the 200 day average was up by +8.47%.

L3 Technologies, Inc., formerly L-3 Communications Holdings, Inc., launched on March 20, 1997, 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. It operates through four segments: Electronic Systems, Aerospace Systems, Communication Systems and Sensor Systems. The Company?s customers include the United States Department of Defense (DoD) and its prime contractors, the United States Government intelligence agencies, the United States Department of Homeland Security (DHS), foreign governments, and domestic and international commercial customers..

The following firms have also recently changed their position in LLL. As of the end of the quarter Stanley-laman Group, Ltd. had acquired a total of 223 shares growing its stake by 5.7%. The value of the investment in (LLL) went from $652,000 to $697,000 a change of 6.9% since the last quarter. As of quarter end Newfound Research LLC had sold 1 shares trimming its position 7.7%. The value of the investment in L3 Technologies, Inc. decreased from $2,000 to $2,000 a change of $0 quarter to quarter.

Palisade Asset Management, LLC downsized its holdings by shedding 470 shares a decrease of 0.9% from 03/31/2017 to 06/30/2017. Palisade Asset Management, LLC now controls 53,649 shares valued at $8,964,000. The value of the position overall is up by 0.2%. Boothbay Fund Management, LLC augmented its stake by buying 13,104 shares an increase of 723.2% as of 12/31/2014. Boothbay Fund Management, LLC currently owns 14,916 shares worth $628,000. The total value of its holdings increased 127.5%.

On August 8 the company was upgraded from “Hold” to “Buy” in an announcement from Drexel Hamilton. On December 8 the stock rating was downgraded to “Neutral” from “Buy” by analysts at Bank of America.

December 5 investment analysts at Deutsche Bank maintained a company rating of “Buy” but raised the price expectation from $160.00 to $175.00. Equity analyst Barclays both upgraded the stock and raised the price target on November 10 boosting the price target from $126.00 to $165.00 and changing the rating from “Equalweight” to “Overweight”.

On November 10 the company was upgraded from “Equalweight” to “Overweight” with a current price target of $165.00 in a statement from Barclays. Equity analyst Vertical Research added LLL to its research portfolio by announcing an initial rating of “Hold”.

Additionally the company recently announced a dividend that will be paid on Friday September 15th, 2017. The dividend payment will be $0.750 per share for the quarter or $3.00 on an annualized basis. The dividend yield will be $1.70. The ex-dividend date is Wednesday the 17th of May 2017.

The P/E ratio is 20.39 and the market cap is 14.15B. In the latest earnings report the EPS was $8.87 and is projected to be $8.88 for the current year with 78,218,000 shares outstanding. Next quarter’s EPS is estimated at $2.38 with next year’s EPS projected to be $9.51.