L-3 Communications Holdings, Inc. (NYSE:LLL)‘s stock had its “buy” rating reiterated by analysts at Cowen and Company in a research report issued on Friday. They currently have a $200.00 price objective on the aerospace company’s stock. Cowen and Company’s target price would indicate a potential upside of 5.76% from the company’s previous close.

A number of other research analysts have also recently issued reports on LLL. Drexel Hamilton upgraded L-3 Communications Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. ValuEngine cut L-3 Communications Holdings from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Bank of America Corporation boosted their price target on L-3 Communications Holdings from $185.00 to $205.00 and gave the stock a “neutral” rating in a report on Tuesday, October 10th. Goldman Sachs Group, Inc. (The) upgraded L-3 Communications Holdings from a “buy” rating to a “conviction-buy” rating and boosted their price target for the stock from $195.00 to $204.00 in a report on Monday, August 7th. Finally, Stifel Nicolaus boosted their price target on L-3 Communications Holdings from $195.00 to $205.00 and gave the stock a “hold” rating in a report on Friday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $195.50.

Shares of L-3 Communications Holdings (LLL) traded up 1.97% on Friday, reaching $189.10. 584,455 shares of the company traded hands. The firm’s 50 day moving average is $187.67 and its 200 day moving average is $175.72. The company has a market capitalization of $14.79 billion, a P/E ratio of 21.32 and a beta of 1.15. L-3 Communications Holdings has a one year low of $132.38 and a one year high of $192.00.

L-3 Communications Holdings (NYSE:LLL) last released its earnings results on Thursday, October 26th. The aerospace company reported $1.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.93 by $0.03. L-3 Communications Holdings had a return on equity of 14.00% and a net margin of 5.22%. The firm had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.68 billion. During the same quarter in the previous year, the business posted $1.88 earnings per share. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. Analysts expect that L-3 Communications Holdings will post $8.73 earnings per share for the current fiscal year.

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In related news, insider Michael T. Strianese sold 22,547 shares of L-3 Communications Holdings stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $173.49, for a total value of $3,911,679.03. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Ralph Dambrosio sold 5,000 shares of L-3 Communications Holdings stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $180.23, for a total value of $901,150.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 75,622 shares of company stock worth $13,649,909. 2.90% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of LLL. Boston Partners lifted its stake in shares of L-3 Communications Holdings by 80.6% in the second quarter. Boston Partners now owns 2,114,987 shares of the aerospace company’s stock worth $353,372,000 after acquiring an additional 944,150 shares during the period. Janus Henderson Group PLC lifted its stake in shares of L-3 Communications Holdings by 7,291.5% in the second quarter. Janus Henderson Group PLC now owns 717,270 shares of the aerospace company’s stock worth $119,840,000 after acquiring an additional 707,566 shares during the period. Vanguard Group Inc. lifted its stake in shares of L-3 Communications Holdings by 5.3% in the second quarter. Vanguard Group Inc. now owns 8,556,292 shares of the aerospace company’s stock worth $1,429,586,000 after acquiring an additional 431,776 shares during the period. Victory Capital Management Inc. lifted its stake in shares of L-3 Communications Holdings by 2,744.3% in the third quarter. Victory Capital Management Inc. now owns 338,645 shares of the aerospace company’s stock worth $63,811,000 after acquiring an additional 326,739 shares during the period. Finally, BlackRock Inc. lifted its stake in shares of L-3 Communications Holdings by 5.8% in the second quarter. BlackRock Inc. now owns 5,734,197 shares of the aerospace company’s stock worth $958,069,000 after acquiring an additional 313,761 shares during the period. 79.05% of the stock is currently 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.

Analyst Recommendations for L-3 Communications Holdings (NYSE:LLL)

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