Cowen and Company reissued their buy rating on shares of L-3 Communications Holdings, Inc. (NYSE:LLL) in a research report released on Monday morning. Cowen and Company currently has a $190.00 price target on the aerospace company’s stock.

A number of other brokerages have also commented on LLL. ValuEngine upgraded L-3 Communications Holdings from a hold rating to a buy rating in a research report on Friday, September 1st. Royal Bank Of Canada reiterated a hold rating and issued a $182.00 price objective on shares of L-3 Communications Holdings in a research report on Friday, September 1st. Drexel Hamilton upgraded L-3 Communications Holdings from a hold rating to a buy rating in a research report on Tuesday, August 8th. Jefferies Group LLC reiterated a hold rating and issued a $175.00 price objective on shares of L-3 Communications Holdings in a research report on Sunday, July 30th. Finally, Stifel Nicolaus reiterated a hold rating and issued a $175.00 price objective (up from $170.00) on shares of L-3 Communications Holdings in a research report on Sunday, July 30th. Nine equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $182.91.

L-3 Communications Holdings (NYSE:LLL) opened at 187.30 on Monday. L-3 Communications Holdings has a 52-week low of $132.38 and a 52-week high of $187.30. The company has a market cap of $14.65 billion, a price-to-earnings ratio of 21.11 and a beta of 1.15. The stock’s 50 day moving average is $180.63 and its 200 day moving average is $171.39.

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

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The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 17th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $3.00 annualized dividend and a dividend yield of 1.60%. L-3 Communications Holdings’s payout ratio is currently 33.82%.

In other news, Director Claude R. Canizares sold 2,981 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $181.68, for a total transaction of $541,588.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael T. Strianese sold 22,547 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $182.05, for a total value of $4,104,681.35. The disclosure for this sale can be found here. Insiders have sold a total of 75,622 shares of company stock valued at $13,269,992 over the last 90 days. Corporate insiders own 2.90% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE grew its position in shares of L-3 Communications Holdings by 12.3% in the 1st quarter. Bank of America Corp DE now owns 817,309 shares of the aerospace company’s stock valued at $135,093,000 after purchasing an additional 89,320 shares during the period. Guyasuta Investment Advisors Inc. grew its position in shares of L-3 Communications Holdings by 0.8% in the 2nd quarter. Guyasuta Investment Advisors Inc. now owns 142,593 shares of the aerospace company’s stock valued at $23,825,000 after purchasing an additional 1,199 shares during the period. Morgan Stanley grew its position in shares of L-3 Communications Holdings by 140.3% in the 1st quarter. Morgan Stanley now owns 299,616 shares of the aerospace company’s stock valued at $49,525,000 after purchasing an additional 174,915 shares during the period. Advisors Asset Management Inc. grew its position in shares of L-3 Communications Holdings by 3.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 14,995 shares of the aerospace company’s stock valued at $2,505,000 after purchasing an additional 511 shares during the period. Finally, Oxford Asset Management acquired a new position in shares of L-3 Communications Holdings in the 1st quarter valued at approximately $2,492,000. Institutional investors and hedge funds own 79.08% of the company’s stock.

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.

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

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