L-3 Communications Holdings Inc. (NYSE:LLL)‘s stock had its “buy” rating reiterated by equities researchers at Deutsche Bank AG in a research report issued to clients and investors on Thursday.
Other equities analysts also recently issued reports about the company. Citigroup Inc. lifted their target price on L-3 Communications Holdings from $174.00 to $180.00 and gave the company a “buy” rating in a research report on Monday, October 10th. Zacks Investment Research raised L-3 Communications Holdings from a “hold” rating to a “buy” rating and set a $171.00 price target on the stock in a report on Wednesday, September 28th. Jefferies Group raised their price target on L-3 Communications Holdings from $135.00 to $150.00 and gave the company a “hold” rating in a report on Friday, July 29th. Robert W. Baird started coverage on L-3 Communications Holdings in a report on Wednesday, October 5th. They set an “outperform” rating and a $184.00 price target on the stock. Finally, JPMorgan Chase & Co. raised L-3 Communications Holdings from a “neutral” rating to an “overweight” rating and raised their price target for the company from $158.00 to $182.00 in a report on Thursday, August 25th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $160.15.
L-3 Communications Holdings (NYSE:LLL) opened at 140.10 on Thursday. L-3 Communications Holdings has a 52 week low of $105.88 and a 52 week high of $154.50. The firm has a 50-day moving average price of $148.60 and a 200-day moving average price of $143.78. The company has a market capitalization of $10.83 billion, a price-to-earnings ratio of 31.12 and a beta of 0.97.
L-3 Communications Holdings (NYSE:LLL) last released its earnings results on Thursday, October 27th. The company reported $1.88 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.82 by $0.06. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.54 billion. L-3 Communications Holdings had a return on equity of 13.90% and a net margin of 3.43%. L-3 Communications Holdings’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.09 earnings per share. Analysts anticipate that L-3 Communications Holdings will post $7.93 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, November 17th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, November 15th. This represents a $2.80 annualized dividend and a dividend yield of 2.00%. L-3 Communications Holdings’s dividend payout ratio (DPR) is 61.95%.
In other L-3 Communications Holdings news, Director Arthur L. Simon sold 3,600 shares of the business’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $149.00, for a total transaction of $536,400.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Ralph Dambrosio sold 12,760 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $150.00, for a total value of $1,914,000.00. The disclosure for this sale can be found here. 3.30% of the stock is owned by insiders.
A number of large investors have recently modified their holdings of the company. Tuttle Tactical Management LLC bought a new stake in shares of L-3 Communications Holdings during the second quarter valued at $107,000. PineBridge Investments L.P. boosted its stake in shares of L-3 Communications Holdings by 79.7% in the second quarter. PineBridge Investments L.P. now owns 1,003 shares of the company’s stock valued at $147,000 after buying an additional 445 shares during the last quarter. Mizuho Asset Management Co. Ltd. boosted its stake in shares of L-3 Communications Holdings by 77.2% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,008 shares of the company’s stock valued at $148,000 after buying an additional 439 shares during the last quarter. Global X Management Co. LLC boosted its stake in shares of L-3 Communications Holdings by 114.8% in the second quarter. Global X Management Co. LLC now owns 1,205 shares of the company’s stock valued at $177,000 after buying an additional 644 shares during the last quarter. Finally, Stanley Laman Group Ltd. bought a new stake in shares of L-3 Communications Holdings during the third quarter valued at $204,000. 80.47% of the stock is currently owned by institutional investors.
L-3 Communications Holdings Company Profile