Cowen restated their buy rating on shares of L-3 Communications (NYSE:LLL) in a research report report published on Wednesday morning. Cowen currently has a $210.00 price objective on the aerospace company’s stock.
A number of other analysts also recently issued reports on the stock. Royal Bank Of Canada restated a hold rating and set a $182.00 price target on shares of L-3 Communications in a report on Friday, September 1st. Stifel Nicolaus lifted their target price on shares of L-3 Communications from $195.00 to $205.00 and gave the company a hold rating 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. Zacks Investment Research upgraded shares of L-3 Communications from a sell rating to a hold rating in a report on Tuesday, October 31st. Finally, Deutsche Bank reiterated a buy rating and issued a $205.00 target price (up previously from $190.00) on shares of L-3 Communications in a report on Monday, October 2nd. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $198.36.
L-3 Communications (NYSE:LLL) traded down $0.41 on Wednesday, reaching $194.64. 770,100 shares of the company’s stock were exchanged, compared to its average volume of 553,100. 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 has a twelve month low of $143.54 and a twelve month high of $199.97. The stock has a market cap of $15,241.63, a price-to-earnings ratio of 22.63, a price-to-earnings-growth ratio of 3.88 and a beta of 1.19.
L-3 Communications (NYSE:LLL) last released its earnings results on Thursday, October 26th. The aerospace company reported $1.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.93 by $0.03. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.68 billion. L-3 Communications had a net margin of 5.22% and a return on equity of 14.00%. The business’s revenue was up 5.6% on a year-over-year basis. During the same period last year, the company posted $1.88 EPS. sell-side analysts forecast that L-3 Communications will post 8.92 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be given a dividend of $0.75 per share. The ex-dividend date is Thursday, November 16th. This represents a $3.00 annualized dividend and a dividend yield of 1.54%. L-3 Communications’s dividend payout ratio (DPR) is currently 41.27%.
In other news, insider Michael T. Strianese sold 22,547 shares of L-3 Communications 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders have sold 67,639 shares of company stock valued at $12,818,253. Corporate insiders own 2.90% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in LLL. Acrospire Investment Management LLC acquired a new position in L-3 Communications in the second quarter valued at $100,000. Bronfman E.L. Rothschild L.P. increased its stake in L-3 Communications by 103.1% in the second 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 period. Invictus RG acquired a new position in L-3 Communications in the third quarter valued at $135,000. San Francisco Sentry Investment Group CA acquired a new position in L-3 Communications in the second quarter valued at $171,000. Finally, Parallel Advisors LLC increased its stake in L-3 Communications by 56.5% in the third 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 period. 78.79% of the stock is owned by hedge funds and other institutional investors.
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L-3 Communications 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.
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