L-3 Communications Holdings, Inc. (NYSE:LLL) Chairman Michael T. Strianese sold 22,547 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $169.02, for a total value of $3,810,893.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Michael T. Strianese also recently made the following trade(s):

  • On Tuesday, August 1st, Michael T. Strianese sold 22,547 shares of L-3 Communications Holdings stock. The stock was sold at an average price of $173.49, for a total value of $3,911,679.03.
  • On Thursday, June 1st, Michael T. Strianese sold 22,547 shares of L-3 Communications Holdings stock. The stock was sold at an average price of $168.04, for a total value of $3,788,797.88.
  • On Monday, May 1st, Michael T. Strianese sold 22,547 shares of L-3 Communications Holdings stock. The stock was sold at an average price of $169.98, for a total value of $3,832,539.06.

L-3 Communications Holdings, Inc. (LLL) traded up 0.34% during midday trading on Friday, hitting $176.00. The stock had a trading volume of 315,594 shares. The stock has a market cap of $13.77 billion, a price-to-earnings ratio of 19.84 and a beta of 1.15. The stock has a 50 day moving average of $170.97 and a 200 day moving average of $166.60. L-3 Communications Holdings, Inc. has a 12 month low of $132.38 and a 12 month high of $180.73.

L-3 Communications Holdings (NYSE:LLL) last posted its quarterly earnings results on Thursday, July 27th. The aerospace company reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.18. The firm had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.70 billion. L-3 Communications Holdings had a net margin of 6.44% and a return on equity of 14.15%. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.88 earnings per share. Analysts expect that L-3 Communications Holdings, Inc. will post $8.88 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 17th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $3.00 annualized dividend and a yield of 1.70%. L-3 Communications Holdings’s dividend payout ratio is currently 33.82%.

L-3 Communications Holdings declared that its board has initiated a stock repurchase program on Tuesday, May 9th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the aerospace company to purchase up to 11.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.

ILLEGAL ACTIVITY NOTICE: “Insider Selling: L-3 Communications Holdings, Inc. (NYSE:LLL) Chairman Sells 22,547 Shares of Stock” was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright law. The correct version of this report can be read at https://www.thecerbatgem.com/2017/08/04/insider-selling-l-3-communications-holdings-inc-nyselll-chairman-sells-3810893-94-in-stock-updated-updated-updated.html.

LLL has been the subject of a number of research analyst reports. Deutsche Bank AG raised their target price on L-3 Communications Holdings from $175.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Cowen and Company restated a “buy” rating and issued a $185.00 target price on shares of L-3 Communications Holdings in a research note on Thursday, July 20th. Barclays PLC lowered L-3 Communications Holdings from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $165.00 to $175.00 in a research note on Monday, May 1st. BidaskClub raised L-3 Communications Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $178.00 price target on shares of L-3 Communications Holdings in a research report on Friday, June 2nd. Ten research analysts have rated the stock with a hold rating and five have given a buy rating to the company. L-3 Communications Holdings currently has an average rating of “Hold” and an average price target of $180.09.

A number of hedge funds and other institutional investors have recently bought and sold shares of LLL. Marshall Wace North America L.P. boosted its position in L-3 Communications Holdings by 356.7% in the second quarter. Marshall Wace North America L.P. now owns 42,158 shares of the aerospace company’s stock valued at $7,040,000 after buying an additional 32,927 shares in the last quarter. BB&T Securities LLC boosted its position in L-3 Communications Holdings by 93.1% in the second quarter. BB&T Securities LLC now owns 22,899 shares of the aerospace company’s stock valued at $3,826,000 after buying an additional 11,041 shares in the last quarter. ZWJ Investment Counsel Inc. boosted its position in L-3 Communications Holdings by 3.9% in the second quarter. ZWJ Investment Counsel Inc. now owns 3,200 shares of the aerospace company’s stock valued at $535,000 after buying an additional 121 shares in the last quarter. Legal & General Group Plc boosted its position in L-3 Communications Holdings by 2.6% in the second quarter. Legal & General Group Plc now owns 349,446 shares of the aerospace company’s stock valued at $58,386,000 after buying an additional 8,893 shares in the last quarter. Finally, State of Wisconsin Investment Board boosted its position in L-3 Communications Holdings by 137.9% in the second quarter. State of Wisconsin Investment Board now owns 122,474 shares of the aerospace company’s stock valued at $20,463,000 after buying an additional 71,000 shares in the last quarter. 81.89% of the stock is owned by hedge funds and other institutional investors.

L-3 Communications Holdings 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.

Insider Buying and Selling by Quarter for L-3 Communications Holdings (NYSE:LLL)

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