Stifel Nicolaus reaffirmed their hold rating on shares of L-3 Communications (NYSE:LLL) in a report released on Wednesday, December 6th. Stifel Nicolaus currently has a $215.00 price target on the aerospace company’s stock.
LLL has been the subject of several other research reports. Cowen reiterated a buy rating and issued a $190.00 price objective on shares of L-3 Communications in a research report on Monday, August 14th. ValuEngine cut L-3 Communications from a buy rating to a hold rating in a research note on Monday, October 2nd. Royal Bank of Canada reaffirmed a hold rating on shares of L-3 Communications in a research note on Sunday, October 8th. Bank of America lifted their price objective on 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 raised 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 equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $198.36.
Shares of L-3 Communications (LLL) traded down $1.20 during trading hours on Wednesday, hitting $197.85. The stock had a trading volume of 284,560 shares, compared to its average volume of 571,773. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.80 and a quick ratio of 1.62. The firm has a market cap of $15,554.20, a price-to-earnings ratio of 27.21, a PEG ratio of 3.50 and a beta of 1.19. L-3 Communications has a one year low of $143.54 and a one year high of $199.97.
The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 17th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $3.00 annualized dividend and a yield of 1.52%. L-3 Communications’s payout ratio is presently 41.27%.
In related news, insider Michael T. Strianese sold 22,545 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $196.26, for a total transaction of $4,424,681.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 67,639 shares of company stock worth $12,818,253 in the last quarter. 2.90% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. Acrospire Investment Management LLC acquired a new position in shares of L-3 Communications in the second quarter valued at approximately $100,000. Bronfman E.L. Rothschild L.P. grew its position in L-3 Communications by 103.1% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 654 shares of the aerospace company’s stock worth $109,000 after buying an additional 332 shares in the last quarter. Invictus RG acquired a new stake in L-3 Communications during the third quarter worth approximately $135,000. Parallel Advisors LLC grew its position in L-3 Communications by 56.5% during the third quarter. Parallel Advisors LLC now owns 961 shares of the aerospace company’s stock worth $178,000 after buying an additional 347 shares in the last quarter. Finally, NEXT Financial Group Inc grew its position in L-3 Communications by 53.8% during the third quarter. NEXT Financial Group Inc now owns 1,012 shares of the aerospace company’s stock worth $190,000 after buying an additional 354 shares in the last quarter. 78.53% of the stock is currently owned by institutional investors.
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.
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