L-3 Communications Holdings CEO Sells $11,278,942 in Stock (LLL)
L-3 Communications Holdings (NYSE:LLL) CEO Michael T. Strianese sold 104,367 shares of the stock on the open market in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $108.07, for a total transaction of $11,278,941.69. Following the completion of the sale, the chief executive officer now directly owns 140,999 shares of the company’s stock, valued at approximately $15,237,762. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
L-3 Communications Holdings (NYSE:LLL) traded up 0.58% on Wednesday, hitting $108.96. The stock had a trading volume of 815,931 shares. L-3 Communications Holdings has a one year low of $75.20 and a one year high of $111.89. The stock’s 50-day moving average is $106.1 and its 200-day moving average is $98.56. The company has a market cap of $9.588 billion and a P/E ratio of 12.69.
L-3 Communications Holdings (NYSE:LLL) last issued its quarterly earnings data on Thursday, January 30th. The company reported $2.17 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.97 by $0.20. The company had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.16 billion. Analysts expect that L-3 Communications Holdings will post $8.34 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Barclays raised their price target on shares of L-3 Communications Holdings from $110.00 to $120.00 in a research note to investors on Wednesday. They now have an “equal weight” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of L-3 Communications Holdings in a research note to investors on Tuesday. They now have a $111.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of L-3 Communications Holdings from $117.00 to $124.00 in a research note to investors on Monday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $105.33.
L-3 Communications Holdings, Inc (NYSE:LLL) is a prime contractor in Command, Control, Communications, Intelligence, Surveillance and Reconnaissance (C3ISR) systems, aircraft modernization and maintenance, and government services.
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