L-3 Communications Holdings, Inc. (NYSE:LLL) insider Michael T. Strianese sold 39,515 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $197.04, for a total value of $7,786,035.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Friday, December 1st, Michael T. Strianese sold 22,545 shares of L-3 Communications stock. The stock was sold at an average price of $196.26, for a total value of $4,424,681.70.
  • On Wednesday, November 1st, Michael T. Strianese sold 22,547 shares of L-3 Communications stock. The stock was sold at an average price of $186.40, for a total value of $4,202,760.80.

L-3 Communications Holdings, Inc. (LLL) traded up $0.97 during trading hours on Wednesday, hitting $199.24. The stock had a trading volume of 421,438 shares, compared to its average volume of 446,769. The company has a market cap of $15,570.00, a price-to-earnings ratio of 27.41, a price-to-earnings-growth ratio of 3.26 and a beta of 1.19. L-3 Communications Holdings, Inc. has a 1-year low of $143.54 and a 1-year high of $199.97. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.80 and a quick ratio of 1.62.

L-3 Communications (NYSE:LLL) last posted its quarterly earnings data on Thursday, October 26th. The aerospace company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.03. The business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.68 billion. L-3 Communications had a return on equity of 14.00% and a net margin of 5.22%. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period last year, the company earned $1.88 EPS. analysts expect that L-3 Communications Holdings, Inc. will post 8.38 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, November 17th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.51%. The ex-dividend date was Thursday, November 16th. L-3 Communications’s payout ratio is 41.27%.

LLL has been the subject of a number of research reports. Cowen reissued a “buy” rating and set a $210.00 price target on shares of L-3 Communications in a research note on Wednesday, December 6th. Stifel Nicolaus increased their price target on L-3 Communications from $195.00 to $205.00 and gave the company a “hold” rating in a research note on Friday, October 27th. ValuEngine lowered L-3 Communications from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Royal Bank of Canada reissued a “hold” rating on shares of L-3 Communications in a research note on Sunday, October 8th. Finally, Bank of America increased their price target on L-3 Communications from $185.00 to $205.00 and gave the company a “neutral” rating in a research note on Tuesday, October 10th. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $198.36.

Large investors have recently bought and sold shares of the company. Acrospire Investment Management LLC bought a new stake in shares of L-3 Communications in the 2nd quarter valued at approximately $100,000. Bronfman E.L. Rothschild L.P. lifted its stake in shares of L-3 Communications by 103.1% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 654 shares of the aerospace company’s stock valued at $109,000 after purchasing an additional 332 shares during the last quarter. Invictus RG bought a new stake in shares of L-3 Communications in the 3rd quarter valued at approximately $135,000. San Francisco Sentry Investment Group CA bought a new stake in shares of L-3 Communications in the 2nd quarter valued at approximately $171,000. Finally, Parallel Advisors LLC lifted its stake in shares of L-3 Communications by 56.5% in the 3rd quarter. Parallel Advisors LLC now owns 961 shares of the aerospace company’s stock valued at $178,000 after purchasing an additional 347 shares during the last quarter. 78.53% of the stock is owned by institutional investors and hedge funds.

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About L-3 Communications

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 (NYSE:LLL)

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