Stevens Capital Management LP boosted its holdings in L-3 Communications Holdings, Inc. (NYSE:LLL) by 74.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,234 shares of the aerospace company’s stock after acquiring an additional 22,261 shares during the quarter. Stevens Capital Management LP owned about 0.07% of L-3 Communications Holdings worth $8,727,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of LLL. BlackRock Inc. raised its position in L-3 Communications Holdings by 3,351.1% in the first quarter. BlackRock Inc. now owns 5,420,436 shares of the aerospace company’s stock worth $895,943,000 after acquiring an additional 5,263,373 shares in the last quarter. Alliancebernstein L.P. raised its position in L-3 Communications Holdings by 171,452.7% in the first quarter. Alliancebernstein L.P. now owns 2,319,392 shares of the aerospace company’s stock worth $383,372,000 after acquiring an additional 2,318,040 shares in the last quarter. Boston Partners raised its position in L-3 Communications Holdings by 80.6% in the second quarter. Boston Partners now owns 2,114,987 shares of the aerospace company’s stock worth $353,372,000 after acquiring an additional 944,150 shares in the last quarter. Teachers Advisors LLC raised its position in L-3 Communications Holdings by 23,683.0% in the first quarter. Teachers Advisors LLC now owns 717,057 shares of the aerospace company’s stock worth $118,522,000 after acquiring an additional 714,042 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in L-3 Communications Holdings by 44.6% in the first quarter. JPMorgan Chase & Co. now owns 2,125,903 shares of the aerospace company’s stock worth $351,390,000 after acquiring an additional 655,592 shares in the last quarter. Hedge funds and other institutional investors own 79.14% of the company’s stock.

LLL has been the topic of several research reports. Cowen and Company reiterated a “buy” rating and issued a $185.00 price target on shares of L-3 Communications Holdings in a research report on Thursday, July 20th. Royal Bank Of Canada reiterated a “hold” rating and issued a $178.00 price target on shares of L-3 Communications Holdings in a research report on Friday, June 2nd. BidaskClub upgraded L-3 Communications Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. ValuEngine upgraded L-3 Communications Holdings from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Stifel Nicolaus restated a “hold” rating and set a $175.00 price objective (up previously from $170.00) on shares of L-3 Communications Holdings in a report on Sunday, July 30th. Nine equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $182.91.

Shares of L-3 Communications Holdings, Inc. (NYSE:LLL) traded up 0.85% during trading on Friday, hitting $185.65. The stock had a trading volume of 726,804 shares. L-3 Communications Holdings, Inc. has a 1-year low of $132.38 and a 1-year high of $185.95. The company has a market capitalization of $14.52 billion, a price-to-earnings ratio of 20.93 and a beta of 1.15. The firm has a 50 day moving average of $180.32 and a 200 day moving average of $171.22.

L-3 Communications Holdings (NYSE:LLL) last posted its quarterly earnings results on Thursday, July 27th. The aerospace company reported $2.21 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter in the previous year, the firm earned $1.88 EPS. L-3 Communications Holdings’s revenue was up 2.6% on a year-over-year basis. Analysts expect that L-3 Communications Holdings, Inc. will post $8.88 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 17th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.62%. L-3 Communications Holdings’s dividend payout ratio (DPR) is currently 33.82%.

In other L-3 Communications Holdings news, insider Ralph Dambrosio sold 5,000 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $180.23, for a total value of $901,150.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael T. Strianese sold 22,547 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $182.05, for a total value of $4,104,681.35. The disclosure for this sale can be found here. Insiders have sold a total of 75,622 shares of company stock valued at $13,269,992 in the last three months. 2.90% of the stock is owned by insiders.

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About L-3 Communications Holdings

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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