FTB Advisors Inc. increased its holdings in shares of L-3 Communications Holdings, Inc. (NYSE:LLL) by 1.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,300 shares of the aerospace company’s stock after acquiring an additional 458 shares during the period. FTB Advisors Inc.’s holdings in L-3 Communications were worth $4,972,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Guyasuta Investment Advisors Inc. boosted its position in L-3 Communications by 0.8% in the 2nd quarter. Guyasuta Investment Advisors Inc. now owns 142,593 shares of the aerospace company’s stock valued at $23,825,000 after buying an additional 1,199 shares during the last quarter. Commonwealth Bank of Australia boosted its position in L-3 Communications by 7,891.7% in the 2nd quarter. Commonwealth Bank of Australia now owns 3,836 shares of the aerospace company’s stock valued at $639,000 after buying an additional 3,788 shares during the last quarter. Wells Fargo & Company MN boosted its position in L-3 Communications by 2.6% in the 2nd quarter. Wells Fargo & Company MN now owns 882,098 shares of the aerospace company’s stock valued at $147,381,000 after buying an additional 22,463 shares during the last quarter. Aberdeen Asset Management PLC UK boosted its position in L-3 Communications by 103.8% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 171,201 shares of the aerospace company’s stock valued at $28,605,000 after buying an additional 87,195 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in L-3 Communications by 102.8% in the 2nd quarter. Royal Bank of Canada now owns 58,870 shares of the aerospace company’s stock valued at $9,836,000 after buying an additional 29,845 shares during the last quarter. Institutional investors and hedge funds own 77.77% of the company’s stock.

L-3 Communications Holdings, Inc. (NYSE LLL) opened at $190.02 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.80 and a quick ratio of 1.62. The firm has a market capitalization of $14,850.00, a price-to-earnings ratio of 22.04, a PEG ratio of 3.59 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.

L-3 Communications (NYSE:LLL) last posted its quarterly earnings results on Thursday, October 26th. The aerospace company reported $1.96 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.93 by $0.03. The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.68 billion. L-3 Communications 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 in the prior year, the business posted $1.88 EPS. sell-side analysts forecast that L-3 Communications Holdings, Inc. will post 8.92 earnings per share for the current year.

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

A number of brokerages have commented on LLL. Cowen Inc reiterated a “buy” rating and issued a $200.00 price objective (up from $190.00) on shares of L-3 Communications in a research report on Tuesday, October 3rd. ValuEngine lowered L-3 Communications 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 in a research report on Sunday, October 8th. Deutsche Bank AG reiterated a “buy” rating and issued a $205.00 price objective (up from $190.00) on shares of L-3 Communications in a research report on Monday, October 2nd. Finally, Zacks Investment Research upgraded L-3 Communications from a “hold” rating to a “buy” rating and set a $210.00 price objective on the stock 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 assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $197.50.

In other news, insider Michael T. Strianese sold 22,547 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $186.40, for a total value of $4,202,760.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last three months, insiders sold 67,641 shares of company stock worth $12,498,253. 2.90% of the stock is currently owned by company insiders.

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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.

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

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