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.

ILLEGAL ACTIVITY WARNING: This article was originally published by Watch List News and is the property of of Watch List News. If you are viewing this article on another publication, it was illegally stolen and republished in violation of U.S. and international trademark and copyright legislation. The original version of this article can be accessed at https://www.watchlistnews.com/l-3-communications-holdings-inc-lll-given-average-rating-of-hold-by-analysts/1679464.html.

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.

Analyst Recommendations for L-3 Communications Holdings (NYSE:LLL)

Receive News & Ratings for L-3 Communications Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for L-3 Communications Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.