L-3 Communications Holdings, Inc. (LLL) Given Average Rating of “Hold” by Analysts
Shares of L-3 Communications Holdings, Inc. (NYSE:LLL) have earned an average recommendation of “Hold” from the thirteen ratings firms that are covering the firm, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $195.38.
Several equities research analysts recently commented on LLL shares. Zacks Investment Research upgraded L-3 Communications Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Stifel Nicolaus restated a “hold” rating and set a $175.00 target price (up previously from $170.00) on shares of L-3 Communications Holdings in a research report on Sunday, July 30th. Jefferies Group LLC restated a “hold” rating and set a $185.00 target price (up previously from $175.00) on shares of L-3 Communications Holdings in a research report on Tuesday, October 10th. Cowen and Company restated a “buy” rating and set a $185.00 target price on shares of L-3 Communications Holdings in a research report on Thursday, July 20th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $182.00 target price on shares of L-3 Communications Holdings in a research report on Friday, September 1st.
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Shares of L-3 Communications Holdings (LLL) opened at $186.52 on Friday. L-3 Communications Holdings has a 52-week low of $133.75 and a 52-week high of $192.00. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.62 and a current ratio of 1.80. The company has a market capitalization of $14,575.05, a PE ratio of 21.64, a P/E/G ratio of 3.52 and a beta of 1.18.
L-3 Communications Holdings (NYSE:LLL) last announced its earnings results on Thursday, October 26th. The aerospace company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.93 by $0.03. L-3 Communications Holdings had a return on equity of 14.00% and a net margin of 5.22%. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.68 billion. During the same quarter in the prior year, the company earned $1.88 EPS. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. research analysts forecast that L-3 Communications Holdings will post 8.92 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Thursday, November 16th. L-3 Communications Holdings’s dividend payout ratio (DPR) is currently 41.27%.
In other news, insider Michael T. Strianese sold 22,547 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $186.40, for a total value of $4,202,760.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ralph Dambrosio sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $180.23, for a total value of $901,150.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 75,622 shares of company stock worth $13,940,991. 2.90% of the stock is owned by company insiders.
Several institutional investors have recently modified their holdings of LLL. Acrospire Investment Management LLC purchased a new stake in shares of L-3 Communications Holdings in the second quarter worth approximately $100,000. Bronfman E.L. Rothschild L.P. raised its stake in shares of L-3 Communications Holdings by 103.1% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 654 shares of the aerospace company’s stock worth $109,000 after purchasing an additional 332 shares during the last quarter. San Francisco Sentry Investment Group CA purchased a new stake in shares of L-3 Communications Holdings in the second quarter worth approximately $171,000. Fox Run Management L.L.C. purchased a new stake in shares of L-3 Communications Holdings in the second quarter worth approximately $200,000. Finally, Fulton Bank N.A. purchased a new stake in shares of L-3 Communications Holdings in the third quarter worth approximately $202,000. 78.88% of the stock is owned by hedge funds and other institutional investors.
About L-3 Communications Holdings
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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