Shares of L-3 Communications Holdings, Inc. (NYSE:LLL) have received a consensus recommendation of “Hold” from the fifteen research firms that are covering the company, Marketbeat.com reports. Nine investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $193.67.
A number of equities research analysts have weighed in on LLL shares. Cowen and Company reiterated a “buy” rating and issued a $185.00 target price on shares of L-3 Communications Holdings in a report on Thursday, July 20th. Zacks Investment Research upgraded L-3 Communications Holdings from a “hold” rating to a “buy” rating and set a $210.00 target price for the company in a report on Monday, October 2nd. ValuEngine upgraded L-3 Communications Holdings from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Drexel Hamilton upgraded L-3 Communications Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $205.00 target price (up from $190.00) on shares of L-3 Communications Holdings in a report on Monday, October 2nd.
In other L-3 Communications Holdings news, insider Michael T. Strianese sold 22,547 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $185.87, for a total value of $4,190,810.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Claude R. Canizares sold 2,981 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $181.68, for a total value of $541,588.08. The disclosure for this sale can be found here. Insiders sold 75,622 shares of company stock valued at $13,649,909 in the last three months. Insiders own 2.90% of the company’s stock.
A number of institutional investors have recently made changes to their positions in LLL. UBS Asset Management Americas Inc. grew its stake in L-3 Communications Holdings by 3.2% in the first quarter. UBS Asset Management Americas Inc. now owns 186,956 shares of the aerospace company’s stock valued at $30,902,000 after acquiring an additional 5,766 shares during the period. American International Group Inc. acquired a new stake in L-3 Communications Holdings in the first quarter valued at approximately $4,475,000. United Services Automobile Association grew its stake in L-3 Communications Holdings by 37.0% in the first quarter. United Services Automobile Association now owns 34,913 shares of the aerospace company’s stock valued at $5,771,000 after acquiring an additional 9,427 shares during the period. Teachers Advisors LLC grew its stake in L-3 Communications Holdings by 23,683.0% in the first quarter. Teachers Advisors LLC now owns 717,057 shares of the aerospace company’s stock valued at $118,522,000 after acquiring an additional 714,042 shares during the period. Finally, Laurion Capital Management LP acquired a new stake in L-3 Communications Holdings in the first quarter valued at approximately $430,000. 79.08% of the stock is owned by hedge funds and other institutional investors.
Shares of L-3 Communications Holdings (NYSE LLL) opened at 187.57 on Wednesday. The firm’s 50-day moving average price is $185.35 and its 200 day moving average price is $173.76. L-3 Communications Holdings has a one year low of $132.38 and a one year high of $192.00. The company has a market capitalization of $14.67 billion, a PE ratio of 21.14 and a beta of 1.15.
L-3 Communications Holdings (NYSE:LLL) last issued its earnings results on Thursday, July 27th. The aerospace company reported $2.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.03 by $0.18. The business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.70 billion. L-3 Communications Holdings had a return on equity of 14.15% and a net margin of 6.44%. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.88 earnings per share. Analysts anticipate that L-3 Communications Holdings will post $8.88 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 17th were paid a $0.75 dividend. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $3.00 dividend on an annualized basis and a yield of 1.60%. L-3 Communications Holdings’s dividend payout ratio (DPR) is presently 33.82%.
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L-3 Communications Holdings Company Profile
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.
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