L-3 Communications Holdings, Inc. (NYSE:LLL) insider Michael T. Strianese sold 22,547 shares of L-3 Communications Holdings stock in a transaction dated 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 SEC, which can be accessed through the SEC website.

Michael T. Strianese also recently made the following trade(s):

  • On Friday, September 1st, Michael T. Strianese sold 22,547 shares of L-3 Communications Holdings stock. The shares were sold at an average price of $182.05, for a total value of $4,104,681.35.
  • On Tuesday, August 1st, Michael T. Strianese sold 22,547 shares of L-3 Communications Holdings stock. The shares were sold at an average price of $173.49, for a total value of $3,911,679.03.

L-3 Communications Holdings, Inc. (LLL) opened at 190.44 on Wednesday. The firm has a 50-day moving average of $184.12 and a 200-day moving average of $173.01. The firm has a market cap of $14.90 billion, a P/E ratio of 21.47 and a beta of 1.15. L-3 Communications Holdings, Inc. has a 12-month low of $132.38 and a 12-month high of $192.00.

L-3 Communications Holdings (NYSE:LLL) last released its earnings results on Thursday, July 27th. The aerospace company reported $2.21 earnings per share for the quarter, topping 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 business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same period last year, the business earned $1.88 earnings per share. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, analysts expect that L-3 Communications Holdings, Inc. will post $8.89 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 17th were issued a $0.75 dividend. The ex-dividend date was Tuesday, August 15th. This represents a $3.00 annualized dividend and a yield of 1.58%. L-3 Communications Holdings’s dividend payout ratio (DPR) is 33.82%.

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A number of equities research analysts have weighed in on LLL shares. Cowen and Company restated a “buy” rating and set a $200.00 price objective (up previously from $190.00) on shares of L-3 Communications Holdings in a research note on Tuesday. ValuEngine lowered L-3 Communications Holdings from a “buy” rating to a “hold” rating in a research report on Monday. Deutsche Bank AG reaffirmed a “buy” rating and issued a $205.00 target price (up from $190.00) on shares of L-3 Communications Holdings in a research report on Monday. 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 research note on Monday. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $182.00 target price on shares of L-3 Communications Holdings in a research note on Friday, September 1st. Nine investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. L-3 Communications Holdings has a consensus rating of “Buy” and a consensus price target of $187.27.

Large investors have recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of L-3 Communications Holdings by 3,351.1% during the first quarter. BlackRock Inc. now owns 5,420,436 shares of the aerospace company’s stock valued at $895,943,000 after purchasing an additional 5,263,373 shares during the period. Alliancebernstein L.P. raised its stake in shares of L-3 Communications Holdings by 171,452.7% in the first quarter. Alliancebernstein L.P. now owns 2,319,392 shares of the aerospace company’s stock valued at $383,372,000 after purchasing an additional 2,318,040 shares in the last quarter. Boston Partners raised its stake 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 valued at $353,372,000 after purchasing an additional 944,150 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of 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 purchasing an additional 714,042 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of L-3 Communications Holdings by 7,291.5% in the second quarter. Janus Henderson Group PLC now owns 717,270 shares of the aerospace company’s stock valued at $119,840,000 after purchasing an additional 707,566 shares in the last quarter. 79.08% of the stock is currently owned by institutional investors.

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.

Insider Buying and Selling by Quarter for L-3 Communications Holdings (NYSE:LLL)

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