L-3 Communications Holdings, Inc. (LLL) Given Consensus Rating of “Buy” by Analysts
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.
COPYRIGHT VIOLATION NOTICE: “L-3 Communications Holdings, Inc. (LLL) Given Consensus Rating of “Buy” by Analysts” was first posted by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/09/16/l-3-communications-holdings-inc-lll-given-consensus-rating-of-buy-by-analysts.html.
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.
Receive News & Ratings for L-3 Communications Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for L-3 Communications Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.