L-3 Communications Holdings, Inc. (NYSE:LLL) insider Michael T. Strianese sold 22,547 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $186.40, for a total transaction of $4,202,760.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

  • On Monday, October 2nd, Michael T. Strianese sold 22,547 shares of L-3 Communications Holdings stock. The shares were sold at an average price of $185.87, for a total transaction of $4,190,810.89.
  • 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.

L-3 Communications Holdings (NYSE:LLL) last released its quarterly earnings data on Thursday, October 26th. The aerospace company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.93 by $0.03. The business had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.68 billion. L-3 Communications Holdings had a net margin of 5.22% and a return on equity of 14.00%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.88 EPS.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend is Thursday, November 16th. L-3 Communications Holdings’s dividend payout ratio (DPR) is currently 41.27%.

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A number of equities research analysts have issued reports on the stock. ValuEngine cut shares of L-3 Communications Holdings from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Cowen and Company reissued a “buy” rating and set a $200.00 target price (up previously from $190.00) on shares of L-3 Communications Holdings in a report on Tuesday, October 3rd. Royal Bank Of Canada reissued a “hold” rating on shares of L-3 Communications Holdings in a report on Sunday, October 8th. Deutsche Bank AG reissued a “buy” rating and set a $205.00 target price (up previously from $190.00) on shares of L-3 Communications Holdings in a report on Monday, October 2nd. Finally, Zacks Investment Research raised shares of L-3 Communications Holdings from a “hold” rating to a “buy” rating and set a $210.00 target price on the stock in a report on Monday, October 2nd. Eight analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $195.50.

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of L-3 Communications Holdings by 5.3% in the 2nd quarter. Vanguard Group Inc. now owns 8,556,292 shares of the aerospace company’s stock valued at $1,429,586,000 after acquiring an additional 431,776 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of L-3 Communications Holdings by 5.8% in the 2nd quarter. BlackRock Inc. now owns 5,734,197 shares of the aerospace company’s stock valued at $958,069,000 after acquiring an additional 313,761 shares during the last quarter. Boston Partners boosted its holdings in shares of L-3 Communications Holdings by 80.6% in the 2nd quarter. Boston Partners now owns 2,114,987 shares of the aerospace company’s stock valued at $353,372,000 after acquiring an additional 944,150 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of L-3 Communications Holdings by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 941,274 shares of the aerospace company’s stock valued at $157,265,000 after acquiring an additional 27,812 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of L-3 Communications Holdings by 2.6% in 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 during the last quarter. 78.88% of the stock is currently owned by institutional investors and hedge funds.

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.

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

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