L-3 Communications Holdings Inc. (LLL) Announces Quarterly Dividend of $0.60
L-3 Communications Holdings (NYSE:LLL) declared a quarterly dividend on Tuesday, February 11th, American Banking and Market News reports. Investors of record on Monday, March 3rd will be given a dividend of 0.60 per share on Monday, March 17th. This represents a $2.40 dividend on an annualized basis and a yield of 2.14%.
Several analysts have recently commented on the stock. Analysts at Cowen and Company upgraded shares of L-3 Communications Holdings from a “market perform” rating to an “outperform” rating in a research note on Friday. They now have a $130.00 price target on the stock, up previously from $118.00. On the ratings front, analysts at Barclays raised their price target on shares of L-3 Communications Holdings from $110.00 to $120.00 in a research note on Wednesday, February 5th. They now have an “equal weight” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of L-3 Communications Holdings in a research note on Tuesday, February 4th. They now have a $111.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $107.00.
Shares of L-3 Communications Holdings (NYSE:LLL) traded up 0.41% on Tuesday, hitting $112.86. 1,087,679 shares of the company’s stock traded hands. L-3 Communications Holdings has a 52 week low of $75.20 and a 52 week high of $113.95. The stock’s 50-day moving average is $106.8 and its 200-day moving average is $99.00. The company has a market cap of $9.932 billion and a P/E ratio of 13.16.
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. Analysts expect that L-3 Communications Holdings will post $8.38 EPS for the current fiscal year.
In other L-3 Communications Holdings news, Insider Curtis Brunson sold 46,041 shares of the company’s stock on the open market in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $112.86, for a total value of $5,196,187.26. Following the transaction, the insider now directly owns 60,249 shares of the company’s stock, valued at approximately $6,799,702. The transaction was disclosed in a document filed with the SEC, which is available at this link.
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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