L-3 Communications Holdings Inc. (LLL) Coverage Initiated by Analysts at Robert W. Baird
Robert W. Baird assumed coverage on shares of L-3 Communications Holdings Inc. (NYSE:LLL) in a research note released on Wednesday. The firm issued an outperform rating and a $184.00 price objective on the stock.
A number of other equities research analysts also recently commented on LLL. Credit Suisse Group AG began coverage on L-3 Communications Holdings in a report on Tuesday, June 7th. They issued a buy rating and a $169.00 price objective for the company. Zacks Investment Research upgraded L-3 Communications Holdings from a hold rating to a buy rating and set a $162.00 price objective for the company in a report on Tuesday, June 14th. JPMorgan Chase & Co. upgraded L-3 Communications Holdings from a neutral rating to an overweight rating and upped their price objective for the company from $158.00 to $182.00 in a report on Thursday, August 25th. Citigroup Inc. began coverage on L-3 Communications Holdings in a report on Tuesday, September 6th. They issued a buy rating and a $174.00 price objective for the company. Finally, Deutsche Bank AG reiterated a buy rating and issued a $160.00 price objective (up previously from $150.00) on shares of L-3 Communications Holdings in a report on Monday, June 13th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. L-3 Communications Holdings currently has a consensus rating of Buy and a consensus target price of $157.00.
L-3 Communications Holdings (NYSE:LLL) traded up 0.229% during trading on Wednesday, hitting $150.795. The company had a trading volume of 208,469 shares. The firm has a 50-day moving average of $149.22 and a 200 day moving average of $140.63. L-3 Communications Holdings has a 12-month low of $105.88 and a 12-month high of $154.50. The company’s market capitalization is $11.65 billion.
L-3 Communications Holdings (NYSE:LLL) last released its quarterly earnings data on Thursday, July 28th. The company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.19. The business earned $2.66 billion during the quarter, compared to the consensus estimate of $2.49 billion. L-3 Communications Holdings had a positive return on equity of 14.37% and a negative net margin of 0.85%. The firm’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.36 earnings per share. On average, equities research analysts forecast that L-3 Communications Holdings will post $7.88 earnings per share for the current year.
In related news, Director Arthur L. Simon sold 3,600 shares of the stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $149.00, for a total transaction of $536,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Michael T. Strianese sold 100,000 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $149.64, for a total value of $14,964,000.00. The disclosure for this sale can be found here. Corporate insiders own 3.30% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. CT Mason boosted its position in shares of L-3 Communications Holdings by 79.2% in the third quarter. CT Mason now owns 25,547 shares of the company’s stock valued at $3,851,000 after buying an additional 11,287 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in L-3 Communications Holdings during the second quarter valued at about $456,000. Kentucky Retirement Systems acquired a new stake in L-3 Communications Holdings during the second quarter valued at about $960,000. Mason Street Advisors LLC acquired a new stake in L-3 Communications Holdings during the second quarter valued at about $1,520,000. Finally, Royal Bank of Canada raised its stake in L-3 Communications Holdings by 493.9% in the second quarter. Royal Bank of Canada now owns 85,287 shares of the company’s stock valued at $12,510,000 after buying an additional 70,927 shares in the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.
L-3 Communications Holdings Company Profile
L-3 Communications Holdings, Inc (L-3 Holdings) operates through its operating subsidiary L-3 Communications (L-3). The Company operates through three segments: Electronic Systems, which provides a range of products and services, including components, products, subsystems, systems and related services to military and commercial customers; Aerospace Systems, which provides products and services for the Intelligence, Surveillance and Reconnaissance (ISR) market, specializing in signals intelligence (SIGINT) and multi-intelligence platforms, and Communication Systems, which provides network and communication systems, secure communications products, radio frequency components, satellite communication terminals, and space, microwave and telemetry products.
Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.