L-3 Communications Holdings CFO Sells $2,488,860 in Stock (LLL)
L-3 Communications Holdings (NYSE:LLL) CFO Ralph Dambrosio sold 22,000 shares of L-3 Communications Holdings stock on the open market in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $113.13, for a total value of $2,488,860.00. Following the completion of the transaction, the chief financial officer now directly owns 25,485 shares of the company’s stock, valued at approximately $2,883,118. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of L-3 Communications Holdings (NYSE:LLL) traded down 0.04% during mid-day trading on Thursday, hitting $113.08. 901,913 shares of the company’s stock traded hands. L-3 Communications Holdings has a 1-year low of $75.20 and a 1-year high of $113.95. The stock has a 50-day moving average of $107. and a 200-day moving average of $99.35. The company has a market cap of $9.951 billion and a price-to-earnings ratio of 13.25.
L-3 Communications Holdings (NYSE:LLL) last posted its quarterly earnings results 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 $8.38 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend is Thursday, February 27th. This is an increase from L-3 Communications Holdings’s previous quarterly dividend of $0.55.
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, February 7th. They now have a $130.00 price target on the stock, up previously from $118.00. Separately, 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 investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. L-3 Communications Holdings currently has a consensus rating of “Hold” and an average target price of $107.00.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.