Credit Suisse Group restated their outperform rating on shares of L-3 Communications (NYSE:LLL) in a report released on Thursday morning, The Fly reports.
Several other equities research analysts also recently weighed in on the stock. Royal Bank Of Canada reaffirmed a hold rating and issued a $182.00 price objective on shares of L-3 Communications in a report on Friday, September 1st. Stifel Nicolaus upped their price objective on shares of L-3 Communications from $195.00 to $205.00 and gave the stock a hold rating in a report on Friday, October 27th. Cowen reaffirmed a buy rating and issued a $200.00 price objective on shares of L-3 Communications in a report on Friday, October 27th. SunTrust Banks initiated coverage on shares of L-3 Communications in a report on Monday, November 20th. They issued a buy rating for the company. Finally, Zacks Investment Research raised shares of L-3 Communications from a sell rating to a hold rating in a report on Tuesday, October 31st. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. L-3 Communications presently has a consensus rating of Buy and an average target price of $198.36.
Shares of L-3 Communications (LLL) opened at $193.85 on Thursday. The firm has a market cap of $15,147.86, a PE ratio of 22.49, a P/E/G ratio of 3.37 and a beta of 1.19. L-3 Communications 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 for the quarter, topping the consensus estimate of $1.93 by $0.03. The business had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.68 billion. L-3 Communications had a net margin of 5.22% and a return on equity of 14.00%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.88 earnings per share. analysts forecast that L-3 Communications will post 8.49 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 given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.55%. The ex-dividend date is Thursday, November 16th. L-3 Communications’s dividend payout ratio (DPR) is presently 41.27%.
In other L-3 Communications news, insider Michael T. Strianese sold 22,547 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $186.40, for a total value of $4,202,760.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last quarter, insiders sold 67,639 shares of company stock worth $12,818,253. 2.90% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in L-3 Communications by 5.3% during the 2nd quarter. Vanguard Group Inc. now owns 8,556,292 shares of the aerospace company’s stock worth $1,429,586,000 after buying an additional 431,776 shares during the period. BlackRock Inc. increased its holdings in shares of L-3 Communications 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 purchasing an additional 313,761 shares during the period. Boston Partners increased its holdings in shares of L-3 Communications 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 purchasing an additional 944,150 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of L-3 Communications by 221.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,137,399 shares of the aerospace company’s stock valued at $214,322,000 after purchasing an additional 783,446 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of L-3 Communications 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 purchasing an additional 27,812 shares during the period. Hedge funds and other institutional investors 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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