Pillar Pacific Capital Management LLC reduced its holdings in shares of L-3 Communications Holdings, Inc. (NYSE:LLL) by 5.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,920 shares of the aerospace company’s stock after selling 300 shares during the quarter. Pillar Pacific Capital Management LLC’s holdings in L-3 Communications Holdings were worth $928,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Canada Pension Plan Investment Board grew its stake in shares of L-3 Communications Holdings by 69.8% during the 3rd quarter. Canada Pension Plan Investment Board now owns 141,048 shares of the aerospace company’s stock worth $26,578,000 after acquiring an additional 58,000 shares in the last quarter. Accredited Investors Inc. bought a new position in shares of L-3 Communications Holdings during the 3rd quarter worth approximately $225,000. Victory Capital Management Inc. grew its stake in shares of L-3 Communications Holdings by 2,744.3% during the 3rd quarter. Victory Capital Management Inc. now owns 338,645 shares of the aerospace company’s stock worth $63,811,000 after acquiring an additional 326,739 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of L-3 Communications Holdings in the third quarter valued at $948,000. Finally, Pictet Asset Management Ltd. grew its stake in shares of L-3 Communications Holdings by 1.4% in the third quarter. Pictet Asset Management Ltd. now owns 42,299 shares of the aerospace company’s stock valued at $7,970,000 after buying an additional 600 shares in the last quarter. 78.88% of the stock is owned by institutional investors.

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In other L-3 Communications Holdings news, insider Michael T. Strianese sold 22,547 shares of the company’s 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Claude R. Canizares sold 2,981 shares of the company’s stock in a transaction 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 sold a total of 75,622 shares of company stock valued at $13,940,991 in the last 90 days. Corporate insiders own 2.90% of the company’s stock.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be paid 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 yield of 1.60%. L-3 Communications Holdings’s dividend payout ratio (DPR) is presently 41.27%.

Several research firms recently weighed in on LLL. Cowen and Company reissued a “buy” rating and issued a $200.00 target price on shares of L-3 Communications Holdings in a research note on Friday, October 27th. Drexel Hamilton raised shares of L-3 Communications Holdings from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Zacks Investment Research raised shares of L-3 Communications Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday. ValuEngine cut shares of L-3 Communications Holdings from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Bank of America Corporation raised their target price on shares of L-3 Communications Holdings from $185.00 to $205.00 and gave the company a “neutral” rating in a research note on Tuesday, October 10th. Eight analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. L-3 Communications Holdings currently has a consensus rating of “Hold” and a consensus price target of $195.50.

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.

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

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