L-3 Communications Holdings Inc. (NYSE:LLL) was upgraded by Barclays PLC from an “equal weight” rating to an “overweight” rating in a research note issued to investors on Thursday.

A number of other equities research analysts have also recently commented on the company. Zacks Investment Research cut L-3 Communications Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, November 1st. Vertical Research assumed coverage on L-3 Communications Holdings in a research note on Friday, October 28th. They set a “hold” rating on the stock. Vertical Group assumed coverage on L-3 Communications Holdings in a research note on Friday, October 28th. They set a “hold” rating on the stock. Drexel Hamilton cut L-3 Communications Holdings from a “buy” rating to a “hold” rating in a research note on Friday, October 28th. They noted that the move was a valuation call. Finally, Robert W. Baird assumed coverage on L-3 Communications Holdings in a research note on Friday, October 28th. They set an “outperform” rating and a $184.00 target price on the stock. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. L-3 Communications Holdings has a consensus rating of “Buy” and an average price target of $159.08.

Analyst Recommendations for L-3 Communications Holdings (NYSE:LLL)

Shares of L-3 Communications Holdings (NYSE:LLL) opened at 148.35 on Thursday. The firm’s 50-day moving average is $146.46 and its 200-day moving average is $144.84. The firm has a market capitalization of $11.47 billion, a P/E ratio of 32.95 and a beta of 1.05. L-3 Communications Holdings has a 52 week low of $105.88 and a 52 week high of $154.50.

L-3 Communications Holdings (NYSE:LLL) last released its earnings results on Thursday, October 27th. The company reported $1.88 EPS for the quarter, topping the Zacks’ consensus estimate of $1.82 by $0.06. The company had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.54 billion. L-3 Communications Holdings had a return on equity of 13.90% and a net margin of 3.43%. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the previous year, the business posted $2.09 EPS. Equities analysts anticipate that L-3 Communications Holdings will post $7.95 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, November 17th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Tuesday, November 15th. L-3 Communications Holdings’s payout ratio is 61.95%.

In other news, Director Arthur L. Simon sold 3,600 shares of the business’s stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.30% of the company’s stock.

A number of hedge funds have recently modified their holdings of the company. Tuttle Tactical Management LLC purchased a new stake in shares of L-3 Communications Holdings during the second quarter valued at about $107,000. PineBridge Investments L.P. raised 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 in the last quarter. Penserra Capital Management LLC raised its stake in shares of L-3 Communications Holdings by 147.5% in the third quarter. Penserra Capital Management LLC now owns 980 shares of the company’s stock valued at $147,000 after buying an additional 584 shares in the last quarter. Mizuho Asset Management Co. Ltd. raised 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 in the last quarter. Finally, NEXT Financial Group Inc raised its stake in shares of L-3 Communications Holdings by 128.6% in the third quarter. NEXT Financial Group Inc now owns 1,054 shares of the company’s stock valued at $159,000 after buying an additional 593 shares in the last quarter. 80.47% of the stock is owned by institutional investors and hedge funds.

L-3 Communications Holdings Company Profile

L-3 Communications Holdings, Inc (L-3 Holdings) operates through its operating subsidiary L-3 Communications (L-3). The Company operates through three segments: Electronic Systems, which provides a range of products and services, including components, products, subsystems, systems and related services to military and commercial customers; Aerospace Systems, which provides products and services for the Intelligence, Surveillance and Reconnaissance (ISR) market, specializing in signals intelligence (SIGINT) and multi-intelligence platforms, and Communication Systems, which provides network and communication systems, secure communications products, radio frequency components, satellite communication terminals, and space, microwave and telemetry products.

5 Day Chart for NYSE:LLL

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