Shares of L-3 Communications Holdings, Inc. (NYSE:LLL) have received an average rating of “Buy” from the sixteen analysts that are covering the company, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $182.50.

Several research firms have commented on LLL. Jefferies Group LLC reaffirmed a “hold” rating and set a $175.00 price objective on shares of L-3 Communications Holdings in a research note on Sunday, July 30th. Cowen and Company reaffirmed a “buy” rating and set a $190.00 price objective on shares of L-3 Communications Holdings in a research note on Monday, August 14th. Goldman Sachs Group, Inc. (The) raised L-3 Communications Holdings from a “buy” rating to a “conviction-buy” rating and upped their price objective for the company from $195.00 to $204.00 in a research note on Monday, August 7th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $178.00 price objective on shares of L-3 Communications Holdings in a research note on Friday, June 2nd. Finally, ValuEngine raised L-3 Communications Holdings from a “hold” rating to a “buy” rating in a research note on Friday, September 1st.

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In other L-3 Communications Holdings news, insider Michael T. Strianese sold 22,547 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $182.05, for a total transaction of $4,104,681.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Claude R. Canizares sold 2,981 shares of the business’s 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. Insiders have sold a total of 75,622 shares of company stock worth $13,269,992 in the last quarter. 2.90% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Intl Fcstone Inc. acquired a new stake in shares of L-3 Communications Holdings in the 2nd quarter worth approximately $974,000. Sentry Investment Management LLC grew its holdings in shares of 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 worth $1,031,000 after acquiring an additional 2,482 shares during the period. Toronto Dominion Bank grew its holdings in shares of 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 worth $4,407,000 after acquiring an additional 5,389 shares during the period. Cookson Peirce & Co. Inc. acquired a new stake in shares of L-3 Communications Holdings in the 2nd quarter worth approximately $673,000. Finally, Advisory Services Network LLC grew its holdings in shares of L-3 Communications Holdings by 4.0% in the 2nd quarter. Advisory Services Network LLC now owns 2,242 shares of the aerospace company’s stock worth $375,000 after acquiring an additional 86 shares during the period. Institutional investors and hedge funds own 79.14% of the company’s stock.

Shares of L-3 Communications Holdings (NYSE LLL) opened at 185.65 on Friday. L-3 Communications Holdings has a 12-month low of $132.38 and a 12-month high of $185.95. The firm has a market capitalization of $14.52 billion, a price-to-earnings ratio of 20.93 and a beta of 1.15. The company’s 50-day moving average price is $180.32 and its 200 day moving average price is $171.22.

L-3 Communications Holdings (NYSE:LLL) last posted its quarterly earnings data on Thursday, July 27th. The aerospace company reported $2.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.03 by $0.18. The firm 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%. The firm’s revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.88 EPS. On average, equities research analysts forecast that L-3 Communications Holdings will post $8.88 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 17th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.62%. The ex-dividend date was Tuesday, August 15th. L-3 Communications Holdings’s payout ratio is 33.82%.

L-3 Communications Holdings Company Profile

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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