Parametric Portfolio Associates LLC lifted its stake in shares of L-3 Communications Holdings, Inc. (NYSE:LLL) by 33.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 201,442 shares of the aerospace company’s stock after buying an additional 50,682 shares during the quarter. Parametric Portfolio Associates LLC owned 0.26% of L-3 Communications Holdings worth $33,657,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in LLL. UBS Asset Management Americas Inc. raised its holdings in shares of L-3 Communications Holdings by 3.2% during the 1st quarter. UBS Asset Management Americas Inc. now owns 186,956 shares of the aerospace company’s stock valued at $30,902,000 after buying an additional 5,766 shares during the period. Keybank National Association OH acquired a new stake in L-3 Communications Holdings during the 1st quarter valued at approximately $350,000. Raymond James Financial Services Advisors Inc. grew its stake in L-3 Communications Holdings by 5.4% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 7,306 shares of the aerospace company’s stock valued at $1,208,000 after purchasing an additional 372 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new stake in L-3 Communications Holdings during the 1st quarter valued at approximately $305,000. Finally, Pacer Advisors Inc. grew its stake in L-3 Communications Holdings by 3.6% during the 1st quarter. Pacer Advisors Inc. now owns 1,575 shares of the aerospace company’s stock valued at $260,000 after purchasing an additional 55 shares in the last quarter. Institutional investors and hedge funds own 79.08% of the company’s stock.

A number of equities research analysts have weighed in on LLL shares. Cowen and Company restated a “buy” rating and set a $190.00 price objective on shares of L-3 Communications Holdings in a research note on Monday, September 18th. ValuEngine upgraded L-3 Communications Holdings from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Drexel Hamilton upgraded L-3 Communications Holdings from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Goldman Sachs Group, Inc. (The) upgraded L-3 Communications Holdings from a “buy” rating to a “conviction-buy” rating and raised their price objective for the company from $195.00 to $204.00 in a research note on Monday, August 7th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $182.00 price objective on shares of L-3 Communications Holdings in a research note on Friday, September 1st. Nine investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $182.91.

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L-3 Communications Holdings, Inc. (NYSE:LLL) opened at 188.43 on Friday. The firm has a market cap of $14.66 billion, a price-to-earnings ratio of 20.92 and a beta of 1.15. L-3 Communications Holdings, Inc. has a 12 month low of $132.38 and a 12 month high of $191.25. The stock has a 50 day moving average price of $181.04 and a 200 day moving average price of $171.55.

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

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 17th were paid a dividend of $0.75 per share. The ex-dividend date was Tuesday, August 15th. This represents a $3.00 annualized dividend and a yield of 1.59%. L-3 Communications Holdings’s dividend payout ratio is 33.82%.

In other news, Chairman Michael T. Strianese sold 22,547 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $169.02, for a total value of $3,810,893.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Claude R. Canizares sold 2,981 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $181.68, for a total value of $541,588.08. The disclosure for this sale can be found here. Insiders have sold 75,622 shares of company stock worth $13,269,992 over the last 90 days. Corporate insiders own 2.90% of the company’s stock.

L-3 Communications Holdings 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 Holdings (NYSE:LLL)

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