Stifel Nicolaus reissued their hold rating on shares of L-3 Communications (NYSE:LLL) in a report released on Wednesday morning. Stifel Nicolaus currently has a $215.00 price objective on the aerospace company’s stock.
LLL has been the topic of several other research reports. Royal Bank Of Canada reaffirmed a hold rating and issued a $182.00 target price on shares of L-3 Communications in a report on Friday, September 1st. Cowen restated a buy rating and set a $200.00 target price on shares of L-3 Communications in a research report on Friday, October 27th. SunTrust Banks assumed coverage on shares of L-3 Communications in a research report on Monday, November 20th. They issued a buy rating for the company. Zacks Investment Research raised shares of L-3 Communications from a sell rating to a hold rating in a research report on Tuesday, October 31st. Finally, Deutsche Bank reaffirmed a buy rating and set a $205.00 price target (up previously from $190.00) on shares of L-3 Communications in a research report on Monday, October 2nd. Seven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $198.36.
Shares of L-3 Communications (LLL) traded up $0.23 during trading hours on Wednesday, reaching $193.85. 655,073 shares of the company traded hands, compared to its average volume of 581,158. L-3 Communications has a 12-month low of $143.54 and a 12-month 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. The firm has a market cap of $15,129.88, a price-to-earnings ratio of 22.46, a P/E/G ratio of 3.25 and a beta of 1.19.
L-3 Communications (NYSE:LLL) last issued its quarterly earnings data on Thursday, October 26th. The aerospace company reported $1.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.93 by $0.03. L-3 Communications had a net margin of 5.22% and a return on equity of 14.00%. The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.68 billion. During the same period last year, the firm posted $1.88 EPS. L-3 Communications’s revenue for the quarter was up 5.6% on a year-over-year basis. research analysts anticipate that L-3 Communications will post 8.79 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $3.00 dividend on an annualized basis and a yield of 1.55%. L-3 Communications’s dividend payout ratio is currently 41.27%.
In related news, insider Michael T. Strianese sold 22,547 shares of L-3 Communications stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $186.40, for a total value of $4,202,760.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have sold 67,639 shares of company stock valued at $12,818,253. Company insiders own 2.90% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of LLL. Guyasuta Investment Advisors Inc. lifted its stake in L-3 Communications by 0.8% in the 2nd quarter. Guyasuta Investment Advisors Inc. now owns 142,593 shares of the aerospace company’s stock valued at $23,825,000 after acquiring an additional 1,199 shares in the last quarter. Commonwealth Bank of Australia raised its stake in L-3 Communications by 7,891.7% in 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 during the period. Wells Fargo & Company MN grew its holdings in L-3 Communications 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 buying an additional 22,463 shares in the last quarter. Aberdeen Asset Management PLC UK grew its holdings in L-3 Communications by 103.8% in 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 buying an additional 87,195 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of L-3 Communications by 102.8% during the 2nd quarter. Royal Bank of Canada now owns 58,870 shares of the aerospace company’s stock worth $9,836,000 after purchasing an additional 29,845 shares in the last quarter. Institutional investors and hedge funds own 78.79% of the company’s stock.
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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.
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