Janney Montgomery Scott LLC bought a new stake in shares of L-3 Communications Holdings, Inc. (NYSE:LLL) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 20,841 shares of the aerospace company’s stock, valued at approximately $3,927,000.

Other large investors also recently added to or reduced their stakes in the company. Acrospire Investment Management LLC bought a new stake in L-3 Communications in the 2nd quarter valued at $100,000. Bronfman E.L. Rothschild L.P. lifted its position in L-3 Communications by 103.1% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 654 shares of the aerospace company’s stock valued at $109,000 after purchasing an additional 332 shares during the period. Invictus RG acquired a new position in L-3 Communications during the 3rd quarter valued at about $135,000. San Francisco Sentry Investment Group CA acquired a new stake in shares of L-3 Communications in the 2nd quarter valued at approximately $171,000. Finally, NEXT Financial Group Inc raised its position in shares of L-3 Communications by 53.8% in the 3rd quarter. NEXT Financial Group Inc now owns 1,012 shares of the aerospace company’s stock valued at $190,000 after acquiring an additional 354 shares during the period. Hedge funds and other institutional investors own 78.79% of the company’s stock.

L-3 Communications Holdings, Inc. (LLL) traded down $1.56 during trading hours on Friday, hitting $192.41. 536,000 shares of the company traded hands, compared to its average volume of 555,107. L-3 Communications Holdings, Inc. has a twelve month low of $143.54 and a twelve month high of $199.97. The company has a quick ratio of 1.62, a current ratio of 1.80 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $15,157.23, a PE ratio of 22.50, a PEG ratio of 3.41 and a beta of 1.19.

L-3 Communications (NYSE:LLL) last released its earnings results on Thursday, October 26th. The aerospace company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.03. The business had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.68 billion. L-3 Communications had a net margin of 5.22% and a return on equity of 14.00%. The firm’s revenue was up 5.6% on a year-over-year basis. During the same period last year, the business earned $1.88 earnings per share. research analysts predict that L-3 Communications Holdings, Inc. will post 8.38 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Thursday, November 16th. L-3 Communications’s dividend payout ratio (DPR) is currently 41.27%.

A number of research firms recently issued reports on LLL. Citigroup increased their target price on L-3 Communications to $230.00 and gave the stock a “buy” rating in a research note on Thursday, December 7th. Stifel Nicolaus reissued a “hold” rating and set a $215.00 target price on shares of L-3 Communications in a research note on Wednesday, December 6th. 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 raised L-3 Communications from a “sector perform” rating to an “outperform” rating and lowered their target price for the stock from $202.00 to $159.00 in a research note on Wednesday, December 6th. Finally, Cowen reaffirmed a “buy” rating and set a $200.00 price target (up from $190.00) on shares of L-3 Communications in a research note on Tuesday, October 3rd. Seven analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $198.36.

In other news, insider Michael T. Strianese sold 22,547 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $186.40, for a total transaction of $4,202,760.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders have sold 67,639 shares of company stock worth $12,818,253. Company insiders own 2.90% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Janney Montgomery Scott LLC Buys Shares of 20,841 L-3 Communications Holdings, Inc. (LLL)” was first published by Watch List News and is the sole property of of Watch List News. If you are accessing this piece of content on another site, it was copied illegally and reposted in violation of US and international copyright and trademark law. The original version of this piece of content can be viewed at https://www.watchlistnews.com/janney-montgomery-scott-llc-buys-shares-of-20841-l-3-communications-holdings-inc-lll/1765745.html.

L-3 Communications Company Profile

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.

Want to see what other hedge funds are holding LLL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for L-3 Communications Holdings, Inc. (NYSE:LLL).

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

Receive News & Ratings for L-3 Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for L-3 Communications and related companies with Analyst Ratings Network's FREE daily email newsletter.