Insider Selling: L-3 Communications Holdings Director Sells 1,393 Shares of Stock (LLL)
L-3 Communications Holdings (NYSE:LLL) Director Claude R. Canizares unloaded 1,393 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $109.35, for a total transaction of $152,324.55. Following the transaction, the director now directly owns 9,959 shares of the company’s stock, valued at approximately $1,089,017. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
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 equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $105.33.
Shares of L-3 Communications Holdings (NYSE:LLL) traded up 0.60% on Thursday, hitting $109.61. The stock had a trading volume of 484,734 shares. L-3 Communications Holdings has a 52 week low of $75.20 and a 52 week high of $111.89. The stock has a 50-day moving average of $106.3 and a 200-day moving average of $98.6. The company has a market cap of $9.646 billion and a P/E ratio of 12.76.
L-3 Communications Holdings (NYSE:LLL) last issued its quarterly earnings data on Thursday, January 30th. The company reported $2.17 earnings per share (EPS) for the quarter, beating the 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. On average, analysts predict that L-3 Communications Holdings will post $8.36 earnings per share for the current fiscal year.
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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