IFP Advisors Inc cut its position in shares of L-3 Communications Holdings, Inc. (NYSE:LLL) by 0.2% during the second quarter, Holdings Channel reports. The fund owned 3,005 shares of the aerospace company’s stock after selling 5 shares during the period. IFP Advisors Inc’s holdings in L-3 Communications Holdings were worth $502,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Cleararc Capital Inc. increased its stake in L-3 Communications Holdings by 0.3% in the first quarter. Cleararc Capital Inc. now owns 1,755 shares of the aerospace company’s stock worth $290,000 after buying an additional 5 shares during the last quarter. Honkamp Krueger Financial Services Inc. increased its stake in 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 worth $220,000 after buying an additional 8 shares during the last quarter. Northeast Financial Consultants Inc increased its stake in L-3 Communications Holdings by 0.3% in the first quarter. Northeast Financial Consultants Inc now owns 3,323 shares of the aerospace company’s stock worth $549,000 after buying an additional 10 shares during the last quarter. Parallel Advisors LLC increased its stake in L-3 Communications Holdings by 4.6% in the first quarter. Parallel Advisors LLC now owns 614 shares of the aerospace company’s stock worth $103,000 after buying an additional 27 shares during the last quarter. Finally, CIBC Asset Management Inc increased its stake in L-3 Communications Holdings by 0.4% in the second quarter. CIBC Asset Management Inc now owns 7,575 shares of the aerospace company’s stock worth $1,266,000 after buying an additional 29 shares during the last quarter. Institutional investors and hedge funds own 81.21% of the company’s stock.

L-3 Communications Holdings, Inc. (LLL) opened at 183.63 on Friday. L-3 Communications Holdings, Inc. has a 52-week low of $132.38 and a 52-week high of $185.12. The stock’s 50 day moving average is $173.27 and its 200-day moving average is $167.88. The company has a market cap of $14.36 billion, a PE ratio of 20.70 and a beta of 1.15.

L-3 Communications Holdings (NYSE:LLL) last issued its earnings results on Thursday, July 27th. The aerospace company reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.18. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.70 billion. L-3 Communications Holdings had a net margin of 6.44% and a return on equity of 14.15%. The business’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.88 earnings per share. Equities research analysts predict that L-3 Communications Holdings, Inc. will post $8.88 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 17th will be paid a $0.75 dividend. The ex-dividend date is Tuesday, August 15th. This represents a $3.00 annualized dividend and a dividend yield of 1.63%. L-3 Communications Holdings’s dividend payout ratio is presently 33.82%.

L-3 Communications Holdings declared that its Board of Directors has initiated a stock repurchase program on Tuesday, May 9th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the aerospace company to reacquire up to 11.5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

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A number of research firms recently weighed in on LLL. Drexel Hamilton upgraded L-3 Communications Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Goldman Sachs Group, Inc. (The) upgraded L-3 Communications Holdings from a “buy” rating to a “conviction-buy” rating and increased their price target for the stock from $195.00 to $204.00 in a report on Monday, August 7th. Cowen and Company reiterated an “outperform” rating and set a $185.00 price target on shares of L-3 Communications Holdings in a report on Wednesday, June 14th. Stifel Nicolaus reiterated a “hold” rating and set a $175.00 price target (up from $170.00) on shares of L-3 Communications Holdings in a report on Sunday, July 30th. Finally, Zacks Investment Research downgraded L-3 Communications Holdings from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Nine analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $182.08.

In other news, insider Michael T. Strianese sold 22,547 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $168.04, for a total value of $3,788,797.88. The sale was disclosed in a filing with the SEC, which is accessible through this link. In the last quarter, insiders sold 67,641 shares of company stock worth $11,511,371. Insiders own 2.90% of the company’s stock.

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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