L-3 Communications Holdings Inc. (NYSE:LLL) has earned a consensus rating of “Buy” from the sixteen analysts that are covering the stock. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $163.10.

A number of research analysts recently issued reports on LLL shares. Citigroup Inc. raised their price objective on shares of L-3 Communications Holdings from $174.00 to $180.00 and gave the company a “buy” rating in a report on Monday, October 10th. Drexel Hamilton downgraded shares of L-3 Communications Holdings from a “buy” rating to a “hold” rating in a research report on Friday, October 28th. They noted that the move was a valuation call. Zacks Investment Research raised shares of L-3 Communications Holdings from a “hold” rating to a “buy” rating and set a $171.00 target price for the company in a research report on Wednesday, September 28th. Robert W. Baird started coverage on shares of L-3 Communications Holdings in a research report on Wednesday, October 5th. They set an “outperform” rating and a $184.00 target price for the company. Finally, Cowen and Company raised shares of L-3 Communications Holdings from a “market perform” rating to an “outperform” rating and set a $160.00 target price for the company in a research report on Friday, October 28th.

In related news, Director Arthur L. Simon sold 3,600 shares of L-3 Communications Holdings stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $149.00, for a total value of $536,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.30% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of L-3 Communications Holdings by 6.1% in the second quarter. Vanguard Group Inc. now owns 7,167,942 shares of the company’s stock valued at $1,051,465,000 after buying an additional 414,327 shares during the period. Alliancebernstein L.P. boosted its position in shares of L-3 Communications Holdings by 0.5% in the second quarter. Alliancebernstein L.P. now owns 3,548,466 shares of the company’s stock valued at $520,524,000 after buying an additional 19,038 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in shares of L-3 Communications Holdings by 3.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,109,524 shares of the company’s stock valued at $317,969,000 after buying an additional 76,921 shares during the period. BlackRock Fund Advisors boosted its position in shares of L-3 Communications Holdings by 4.6% in the third quarter. BlackRock Fund Advisors now owns 1,526,824 shares of the company’s stock valued at $230,138,000 after buying an additional 66,477 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of L-3 Communications Holdings by 16.9% in the second quarter. AQR Capital Management LLC now owns 1,173,826 shares of the company’s stock valued at $172,189,000 after buying an additional 169,817 shares during the period. Institutional investors and hedge funds own 80.47% of the company’s stock.

L-3 Communications Holdings (NYSE:LLL) opened at 150.93 on Thursday. The company has a market cap of $11.67 billion, a price-to-earnings ratio of 33.53 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. The firm has a 50-day moving average of $146.51 and a 200-day moving average of $145.07.

L-3 Communications Holdings (NYSE:LLL) last issued its quarterly earnings data on Thursday, October 27th. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.06. The business earned $2.50 billion during the quarter, compared to analyst estimates of $2.54 billion. L-3 Communications Holdings had a net margin of 3.43% and a return on equity of 13.90%. The firm’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the business earned $2.09 EPS. Equities analysts forecast that L-3 Communications Holdings will post $7.95 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, November 17th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.86%. The ex-dividend date is Tuesday, November 15th. L-3 Communications Holdings’s payout ratio is currently 61.95%.

About L-3 Communications Holdings

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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