Cowen restated their buy rating on shares of L-3 Communications (NYSE:LLL) in a report released on Wednesday. They currently have a $210.00 price objective on the aerospace company’s stock.

LLL has been the subject of a number of other reports. Stifel Nicolaus boosted their price objective on shares of L-3 Communications from $195.00 to $205.00 and gave the stock a hold rating in a research note on Friday, October 27th. ValuEngine cut shares of L-3 Communications from a buy rating to a hold rating in a research note on Monday, October 2nd. Royal Bank Of Canada restated a hold rating on shares of L-3 Communications in a research note on Sunday, October 8th. Bank of America boosted their price objective on shares of L-3 Communications from $185.00 to $205.00 and gave the stock a neutral rating in a research note on Tuesday, October 10th. Finally, Zacks Investment Research upgraded shares of L-3 Communications from a hold rating to a buy rating and set a $210.00 price objective for the company in a research note on Monday, October 2nd. Seven investment 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 target price of $198.36.

Shares of L-3 Communications (NYSE:LLL) opened at $193.85 on Wednesday. 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 one year low of $143.54 and a one year high of $199.97. The firm has a market cap of $15,147.83, a price-to-earnings ratio of 22.49, a PEG ratio of 3.25 and a beta of 1.19.

L-3 Communications (NYSE:LLL) last issued its quarterly earnings data 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. L-3 Communications had a net margin of 5.22% and a return on equity of 14.00%. The business had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.68 billion. During the same period in the previous year, the company earned $1.88 earnings per share. L-3 Communications’s revenue for the quarter was up 5.6% on a year-over-year basis. research analysts anticipate that L-3 Communications will post 8.49 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Thursday, November 16th. L-3 Communications’s dividend payout ratio (DPR) is presently 41.27%.

In other L-3 Communications news, insider Michael T. Strianese sold 22,547 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $186.40, for a total value of $4,202,760.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold a total of 67,639 shares of company stock worth $12,818,253 in the last three months. Insiders own 2.90% of the company’s stock.

A number of institutional investors have recently made changes to their positions in LLL. Strs Ohio increased its holdings in L-3 Communications by 4.9% in the 2nd quarter. Strs Ohio now owns 9,786 shares of the aerospace company’s stock valued at $1,635,000 after buying an additional 453 shares during the period. Rothschild Asset Management Inc. increased its holdings in L-3 Communications by 5.7% in the 2nd quarter. Rothschild Asset Management Inc. now owns 4,064 shares of the aerospace company’s stock valued at $679,000 after buying an additional 220 shares during the period. CIBC Asset Management Inc increased its holdings in L-3 Communications by 0.4% in the 2nd quarter. CIBC Asset Management Inc now owns 7,575 shares of the aerospace company’s stock valued at $1,266,000 after buying an additional 29 shares during the period. Bessemer Group Inc. bought a new stake in L-3 Communications in the 2nd quarter valued at $642,000. Finally, Sei Investments Co. increased its holdings in L-3 Communications by 28.2% in the 2nd quarter. Sei Investments Co. now owns 35,959 shares of the aerospace company’s stock valued at $6,009,000 after buying an additional 7,913 shares during the period. 78.79% of the stock is currently owned by hedge funds and other institutional investors.

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About L-3 Communications

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 (NYSE:LLL)

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