D.A. Davidson & CO. reduced its position in L-3 Communications Holdings, Inc. (NYSE:LLL) by 3.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,040 shares of the aerospace company’s stock after selling 827 shares during the quarter. D.A. Davidson & CO.’s holdings in L-3 Communications Holdings were worth $3,964,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Wedbush Securities Inc. increased its position in L-3 Communications Holdings by 0.5% in the second quarter. Wedbush Securities Inc. now owns 1,322 shares of the aerospace company’s stock worth $221,000 after buying an additional 6 shares during the last quarter. Honkamp Krueger Financial Services Inc. grew its position in shares of L-3 Communications Holdings by 0.6% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 1,314 shares of the aerospace company’s stock valued at $220,000 after purchasing an additional 8 shares in the last quarter. First Allied Advisory Services Inc. grew its position in shares of L-3 Communications Holdings by 0.3% in the second quarter. First Allied Advisory Services Inc. now owns 3,412 shares of the aerospace company’s stock valued at $586,000 after purchasing an additional 9 shares in the last quarter. MAI Capital Management grew its position in shares of L-3 Communications Holdings by 0.8% in the second quarter. MAI Capital Management now owns 2,015 shares of the aerospace company’s stock valued at $337,000 after purchasing an additional 15 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of L-3 Communications Holdings by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,786 shares of the aerospace company’s stock valued at $967,000 after purchasing an additional 15 shares in the last quarter. 77.77% of the stock is owned by institutional investors and hedge funds.

In related news, insider Michael T. Strianese sold 22,547 shares of L-3 Communications Holdings stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $185.87, for a total transaction of $4,190,810.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 67,641 shares of company stock valued at $12,498,253 in the last three months. 2.90% of the stock is owned by corporate insiders.

L-3 Communications Holdings, Inc. (NYSE:LLL) traded down $1.28 during trading hours on Thursday, reaching $189.20. The company had a trading volume of 388,800 shares, compared to its average volume of 547,003. The company has a market capitalization of $14,690.00, a price-to-earnings ratio of 22.10, a price-to-earnings-growth ratio of 3.60 and a beta of 1.17. L-3 Communications Holdings, Inc. has a 12 month low of $143.54 and a 12 month high of $192.00. The company has a quick ratio of 1.62, a current ratio of 1.80 and a debt-to-equity ratio of 0.66.

L-3 Communications Holdings (NYSE:LLL) last posted its quarterly earnings data on Thursday, October 26th. The aerospace company reported $1.96 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.93 by $0.03. The company had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.68 billion. L-3 Communications Holdings had a return on equity of 14.00% and a net margin of 5.22%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the company earned $1.88 earnings per share. equities analysts predict that L-3 Communications Holdings, Inc. will post 8.92 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.59%. The ex-dividend date is Thursday, November 16th. L-3 Communications Holdings’s dividend payout ratio is 41.27%.

Several brokerages have recently weighed in on LLL. Cowen and Company reiterated a “buy” rating and issued a $200.00 price target (up from $190.00) on shares of L-3 Communications Holdings in a research report on Tuesday, October 3rd. ValuEngine cut L-3 Communications Holdings from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Royal Bank Of Canada reiterated a “hold” rating on shares of L-3 Communications Holdings in a research report on Sunday, October 8th. Deutsche Bank AG reiterated a “buy” rating and issued a $205.00 price target (up from $190.00) on shares of L-3 Communications Holdings in a research report on Monday, October 2nd. Finally, Zacks Investment Research upgraded L-3 Communications Holdings from a “hold” rating to a “buy” rating and set a $210.00 price target for the company in a research report on Monday, October 2nd. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $197.50.

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About L-3 Communications Holdings

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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Institutional Ownership by Quarter for L-3 Communications Holdings (NYSE:LLL)

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