L-3 Communications Holdings, Inc. (NYSE:LLL) insider Michael T. Strianese sold 22,547 shares of L-3 Communications Holdings stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $185.87, for a total transaction of $4,190,810.89. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Michael T. Strianese also recently made the following trade(s):

  • On Friday, September 1st, Michael T. Strianese sold 22,547 shares of L-3 Communications Holdings stock. The shares were sold at an average price of $182.05, for a total transaction of $4,104,681.35.
  • On Tuesday, August 1st, Michael T. Strianese sold 22,547 shares of L-3 Communications Holdings stock. The stock was sold at an average price of $173.49, for a total transaction of $3,911,679.03.

Shares of L-3 Communications Holdings, Inc. (NYSE:LLL) traded down 0.58% on Tuesday, reaching $190.44. The company’s stock had a trading volume of 498,153 shares. The firm has a market capitalization of $14.90 billion, a PE ratio of 21.47 and a beta of 1.15. L-3 Communications Holdings, Inc. has a one year low of $132.38 and a one year high of $192.00. The firm has a 50-day moving average price of $184.12 and a 200 day moving average price of $173.01.

L-3 Communications Holdings (NYSE:LLL) last announced its quarterly earnings results on Thursday, July 27th. The aerospace company reported $2.21 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.18. L-3 Communications Holdings had a net margin of 6.44% and a return on equity of 14.15%. The firm had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter in the prior year, the company earned $1.88 EPS. The company’s revenue was up 2.6% compared to the same quarter last year. On average, analysts anticipate that L-3 Communications Holdings, Inc. will post $8.89 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 17th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend was Tuesday, August 15th. L-3 Communications Holdings’s payout ratio is 33.82%.

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Several analysts have weighed in on the company. Cowen and Company reaffirmed a “buy” rating and set a $200.00 price objective (up from $190.00) on shares of L-3 Communications Holdings in a research report on Tuesday. ValuEngine lowered L-3 Communications Holdings from a “buy” rating to a “hold” rating in a research report on Monday. Drexel Hamilton raised L-3 Communications Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Goldman Sachs Group, Inc. (The) raised L-3 Communications Holdings from a “buy” rating to a “conviction-buy” rating and increased their target price for the stock from $195.00 to $204.00 in a research report on Monday, August 7th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $175.00 target price on shares of L-3 Communications Holdings in a research note on Sunday, July 30th. Nine analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $187.27.

A number of large investors have recently modified their holdings of the stock. Guyasuta Investment Advisors Inc. lifted its holdings in L-3 Communications Holdings by 0.8% during the second quarter. Guyasuta Investment Advisors Inc. now owns 142,593 shares of the aerospace company’s stock worth $23,825,000 after buying an additional 1,199 shares during the period. Commonwealth Bank of Australia boosted its position in L-3 Communications Holdings by 7,891.7% during the 2nd quarter. Commonwealth Bank of Australia now owns 3,836 shares of the aerospace company’s stock valued at $639,000 after acquiring an additional 3,788 shares in the last quarter. Bank of America Corp DE boosted its position in L-3 Communications Holdings by 12.3% during the 1st quarter. Bank of America Corp DE now owns 817,309 shares of the aerospace company’s stock valued at $135,093,000 after acquiring an additional 89,320 shares in the last quarter. Wells Fargo & Company MN boosted its position in L-3 Communications Holdings by 2.6% during the 2nd quarter. Wells Fargo & Company MN now owns 882,098 shares of the aerospace company’s stock valued at $147,381,000 after acquiring an additional 22,463 shares in the last quarter. Finally, Aberdeen Asset Management PLC UK boosted its position in L-3 Communications Holdings by 103.8% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 171,201 shares of the aerospace company’s stock valued at $28,605,000 after acquiring an additional 87,195 shares in the last quarter. 79.08% of the stock is owned by institutional investors.

About L-3 Communications Holdings

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.

Insider Buying and Selling by Quarter for L-3 Communications Holdings (NYSE:LLL)

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