Nomura Asset Management Co. Ltd. boosted its holdings in shares of L-3 Communications Holdings, Inc. (NYSE:LLL) by 5.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,514 shares of the aerospace company’s stock after purchasing an additional 525 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in L-3 Communications were worth $1,981,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Guyasuta Investment Advisors Inc. increased its holdings in L-3 Communications by 0.8% during the 2nd quarter. Guyasuta Investment Advisors Inc. now owns 142,593 shares of the aerospace company’s stock valued at $23,825,000 after purchasing an additional 1,199 shares during the period. Commonwealth Bank of Australia grew its holdings in shares of L-3 Communications by 7,891.7% during the 2nd quarter. Commonwealth Bank of Australia now owns 3,836 shares of the aerospace company’s stock worth $639,000 after acquiring an additional 3,788 shares during the period. Wells Fargo & Company MN grew its holdings in shares of L-3 Communications by 2.6% during the 2nd quarter. Wells Fargo & Company MN now owns 882,098 shares of the aerospace company’s stock worth $147,381,000 after acquiring an additional 22,463 shares during the period. Aberdeen Asset Management PLC UK grew its holdings in shares of L-3 Communications by 103.8% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 171,201 shares of the aerospace company’s stock worth $28,605,000 after acquiring an additional 87,195 shares during the period. Finally, Royal Bank of Canada grew its holdings in shares of L-3 Communications by 102.8% during the 2nd quarter. Royal Bank of Canada now owns 58,870 shares of the aerospace company’s stock worth $9,836,000 after acquiring an additional 29,845 shares during the period. Institutional investors own 78.79% of the company’s stock.

Shares of L-3 Communications Holdings, Inc. (LLL) traded up $0.98 on Wednesday, hitting $194.39. The stock had a trading volume of 502,100 shares, compared to its average volume of 555,982. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.62 and a current ratio of 1.80. L-3 Communications Holdings, Inc. has a 12-month low of $143.54 and a 12-month high of $199.97. The company has a market cap of $15,113.47, a PE ratio of 22.44, a P/E/G ratio of 3.40 and a beta of 1.19.

L-3 Communications (NYSE:LLL) last issued its quarterly earnings results on Thursday, October 26th. The aerospace company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.03. L-3 Communications had a return on equity of 14.00% and a net margin of 5.22%. The firm had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.68 billion. During the same period in the previous year, the firm posted $1.88 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. sell-side analysts forecast that L-3 Communications Holdings, Inc. will post 8.38 EPS for the current fiscal 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 given a $0.75 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.54%. L-3 Communications’s dividend payout ratio is currently 41.27%.

In other news, insider Michael T. Strianese sold 22,547 shares of the business’s stock in a transaction that occurred 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last three months, insiders sold 67,639 shares of company stock worth $12,818,253. Insiders own 2.90% of the company’s stock.

LLL has been the topic of a number of research analyst reports. Zacks Investment Research upgraded L-3 Communications from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Jefferies Group reiterated a “hold” rating and set a $185.00 target price (up previously from $175.00) on shares of L-3 Communications in a report on Tuesday, October 10th. Stifel Nicolaus reduced their target price on L-3 Communications from $195.00 to $175.00 and set a “hold” rating on the stock in a report on Monday, October 16th. Royal Bank of Canada reiterated a “hold” rating and set a $182.00 target price on shares of L-3 Communications in a report on Friday, September 1st. Finally, Credit Suisse Group reiterated an “outperform” rating on shares of L-3 Communications in a report on Thursday, December 7th. Seven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $198.36.

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L-3 Communications 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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