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.

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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.

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

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