L-3 Communications Holdings, Inc. (LLL) Receives Buy Rating from Cowen and Company
Cowen and Company reaffirmed their buy rating on shares of L-3 Communications Holdings, Inc. (NYSE:LLL) in a research report sent to investors on Tuesday morning. Cowen and Company currently has a $200.00 target price on the aerospace company’s stock, up from their previous target price of $190.00.
LLL has been the topic of several other reports. Stifel Nicolaus reaffirmed a hold rating and set a $175.00 price target (up from $170.00) on shares of L-3 Communications Holdings in a research report on Sunday, July 30th. Royal Bank Of Canada reissued a hold rating and issued a $182.00 price objective on shares of L-3 Communications Holdings in a research report on Friday, September 1st. Zacks Investment Research downgraded shares of L-3 Communications Holdings from a buy rating to a hold rating in a research report on Thursday, August 3rd. BidaskClub upgraded shares of L-3 Communications Holdings from a sell rating to a hold rating in a research note on Tuesday, June 13th. Finally, Deutsche Bank AG restated a buy rating and set a $205.00 price objective (up from $190.00) on shares of L-3 Communications Holdings in a research note on Monday. Nine research analysts have rated the stock with a hold rating, six 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 Buy and a consensus price target of $187.27.
L-3 Communications Holdings (LLL) traded down 0.213% on Tuesday, reaching $190.035. 289,880 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $184.12 and its 200-day moving average is $173.01. L-3 Communications Holdings has a 12 month low of $132.38 and a 12 month high of $192.00. The firm has a market cap of $14.86 billion, a PE ratio of 21.422 and a beta of 1.15.
L-3 Communications Holdings (NYSE:LLL) last released its quarterly earnings data on Thursday, July 27th. The aerospace company reported $2.21 EPS for the quarter, beating the consensus estimate of $2.03 by $0.18. The company 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%. During the same quarter in the prior year, the firm posted $1.88 EPS. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, equities analysts forecast that L-3 Communications Holdings will post $8.89 earnings per share for the current year.
COPYRIGHT VIOLATION WARNING: “L-3 Communications Holdings, Inc. (LLL) Receives Buy Rating from Cowen and Company” was posted by Watch List News and is the property of of Watch List News. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this piece can be viewed at https://www.watchlistnews.com/l-3-communications-holdings-inc-lll-receives-buy-rating-from-cowen-and-company/1607608.html.
The business 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 is currently 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 transaction of $901,150.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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. In the last 90 days, insiders have sold 75,622 shares of company stock valued at $13,649,909. Corporate insiders own 2.90% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in LLL. Fulton Bank N.A. bought a new stake in L-3 Communications Holdings in the 3rd quarter valued at $202,000. Intl Fcstone Inc. acquired a new position in L-3 Communications Holdings in the 2nd quarter valued at $974,000. Sentry Investment Management LLC grew its holdings in L-3 Communications Holdings by 67.3% in the 2nd quarter. Sentry Investment Management LLC now owns 6,168 shares of the aerospace company’s stock valued at $1,031,000 after buying an additional 2,482 shares in the last quarter. Toronto Dominion Bank grew its holdings in L-3 Communications Holdings by 25.7% in the 2nd quarter. Toronto Dominion Bank now owns 26,379 shares of the aerospace company’s stock valued at $4,407,000 after buying an additional 5,389 shares in the last quarter. Finally, Cookson Peirce & Co. Inc. acquired a new position in L-3 Communications Holdings in the 2nd quarter valued at $673,000. 79.08% of the stock is owned by institutional investors and hedge funds.
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.
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.