Royal Bank Of Canada reissued their hold rating on shares of L-3 Communications Holdings, Inc. (NYSE:LLL) in a report released on Sunday.

A number of other equities analysts have also commented on the company. Cowen and Company reissued a buy rating and set a $200.00 price target (up from $190.00) on shares of L-3 Communications Holdings in a research note on Tuesday, October 3rd. ValuEngine lowered L-3 Communications Holdings from a buy rating to a hold rating in a research note on Monday, October 2nd. Deutsche Bank AG reaffirmed a buy rating and issued a $205.00 price objective (up from $190.00) on shares of L-3 Communications Holdings in a research note on Monday, October 2nd. Zacks Investment Research raised L-3 Communications Holdings from a hold rating to a buy rating and set a $210.00 price objective for the company in a research note on Monday, October 2nd. Finally, Drexel Hamilton raised L-3 Communications Holdings from a hold rating to a buy rating in a research note on Tuesday, August 8th. Nine equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $192.50.

L-3 Communications Holdings (LLL) opened at 187.66 on Friday. L-3 Communications Holdings has a one year low of $132.38 and a one year high of $192.00. The stock has a market capitalization of $14.68 billion, a PE ratio of 21.15 and a beta of 1.15. The company’s 50 day moving average price is $185.55 and its 200-day moving average price is $173.85.

L-3 Communications Holdings (NYSE:LLL) last announced its quarterly earnings results on Thursday, July 27th. The aerospace company reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.18. L-3 Communications Holdings had a return on equity of 14.15% and a net margin of 6.44%. The company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same period in the prior year, the company earned $1.88 earnings per share. The firm’s revenue was up 2.6% on a year-over-year basis. Analysts expect that L-3 Communications Holdings will post $8.85 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This article was originally reported by Watch List News and is the property of of Watch List News. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international trademark and copyright laws. The correct version of this article can be accessed at https://www.watchlistnews.com/l-3-communications-holdings-inc-lll-given-hold-rating-at-royal-bank-of-canada-2/1624499.html.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 17th were issued a $0.75 dividend. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $3.00 annualized dividend and a dividend yield of 1.60%. L-3 Communications Holdings’s payout ratio is 33.82%.

In other news, 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Claude R. Canizares sold 2,981 shares of the stock in a transaction that occurred on Wednesday, August 16th. The stock was 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. Over the last quarter, insiders sold 75,622 shares of company stock worth $13,649,909. Company insiders own 2.90% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of L-3 Communications Holdings by 5.3% in the second quarter. Vanguard Group Inc. now owns 8,556,292 shares of the aerospace company’s stock worth $1,429,586,000 after buying an additional 431,776 shares during the period. BlackRock Inc. raised its holdings in shares of L-3 Communications Holdings by 5.8% in the second quarter. BlackRock Inc. now owns 5,734,197 shares of the aerospace company’s stock worth $958,069,000 after buying an additional 313,761 shares during the period. State Street Corp raised its holdings in shares of L-3 Communications Holdings by 3.7% in the first quarter. State Street Corp now owns 3,677,881 shares of the aerospace company’s stock worth $607,919,000 after buying an additional 132,410 shares during the period. Boston Partners raised its holdings in shares of L-3 Communications Holdings by 80.6% in the second quarter. Boston Partners now owns 2,114,987 shares of the aerospace company’s stock worth $353,372,000 after buying an additional 944,150 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of L-3 Communications Holdings by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 941,274 shares of the aerospace company’s stock worth $157,265,000 after buying an additional 27,812 shares during the period. Hedge funds and other institutional investors own 79.08% of the company’s stock.

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.

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.