Norinchukin Bank The lifted its stake in shares of L-3 Communications Holdings, Inc. (NYSE:LLL) by 7.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,822 shares of the aerospace company’s stock after purchasing an additional 418 shares during the quarter. Norinchukin Bank The’s holdings in L-3 Communications were worth $1,097,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Wedbush Securities Inc. raised its holdings in L-3 Communications by 0.5% during the 2nd 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 period. Honkamp Krueger Financial Services Inc. raised its holdings in L-3 Communications by 0.6% during the 2nd 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 period. First Allied Advisory Services Inc. raised its holdings in L-3 Communications by 0.3% during the 2nd quarter. First Allied Advisory Services Inc. now owns 3,412 shares of the aerospace company’s stock worth $586,000 after buying an additional 9 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in L-3 Communications by 0.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,786 shares of the aerospace company’s stock worth $967,000 after buying an additional 15 shares during the period. Finally, MAI Capital Management raised its holdings in L-3 Communications by 0.8% during the 2nd quarter. MAI Capital Management now owns 2,015 shares of the aerospace company’s stock worth $337,000 after buying an additional 15 shares during the period. Institutional investors and hedge funds own 77.77% of the company’s stock.

Shares of L-3 Communications Holdings, Inc. (NYSE:LLL) traded up $0.82 during trading on Monday, reaching $190.02. The company’s stock had a trading volume of 201,000 shares, compared to its average volume of 545,479. The company has a market capitalization of $14,850.00, a PE ratio of 22.04, a P/E/G ratio of 3.59 and a beta of 1.17. 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, Inc. has a 52-week low of $143.54 and a 52-week high of $192.00.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $3.00 dividend on an annualized basis and a yield of 1.58%. L-3 Communications’s payout ratio is currently 41.27%.

LLL has been the topic of several recent analyst reports. Royal Bank Of Canada restated a “hold” rating and set a $182.00 price objective on shares of L-3 Communications in a report on Friday, September 1st. Stifel Nicolaus lifted their target price on L-3 Communications from $195.00 to $205.00 and gave the company a “hold” rating in a research note on Friday, October 27th. Cowen Inc reaffirmed a “buy” rating and set a $200.00 target price on shares of L-3 Communications in a research note on Friday, October 27th. Deutsche Bank AG reaffirmed a “buy” rating and set a $205.00 target price (up previously from $190.00) on shares of L-3 Communications in a research note on Monday, October 2nd. Finally, Zacks Investment Research raised L-3 Communications from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Eight 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 stock. The stock presently has an average rating of “Buy” and an average target price of $197.50.

In other news, insider Michael T. Strianese sold 22,547 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $182.05, for a total transaction of $4,104,681.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 67,641 shares of company stock valued at $12,498,253 in the last ninety days. Company insiders own 2.90% of the company’s stock.

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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.

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

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