L-3 Communications (LLL) Earns Buy Rating from Cowen
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.
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.
TRADEMARK VIOLATION WARNING: “L-3 Communications (LLL) Earns Buy Rating from Cowen” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another site, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.thecerbatgem.com/2017/12/10/l-3-communications-lll-earns-buy-rating-from-cowen.html.
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.
Receive News & Stock Ratings for L-3 Communications Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for L-3 Communications Holdings Inc. and related stocks with our FREE daily email newsletter.