Teachers Retirement System of The State of Kentucky maintained its position in shares of L-3 Communications Holdings, Inc. (NYSE:LLL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,700 shares of the aerospace company’s stock at the end of the second quarter. Teachers Retirement System of The State of Kentucky’s holdings in L-3 Communications Holdings were worth $1,454,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in LLL. Vanguard Group Inc. grew its holdings in shares of L-3 Communications Holdings by 5.3% during the second quarter. Vanguard Group Inc. now owns 8,556,292 shares of the aerospace company’s stock worth $1,429,586,000 after purchasing an additional 431,776 shares during the last quarter. BlackRock Inc. grew its holdings in shares of L-3 Communications Holdings by 5.8% during the second quarter. BlackRock Inc. now owns 5,734,197 shares of the aerospace company’s stock worth $958,069,000 after purchasing an additional 313,761 shares during the last quarter. State Street Corp grew its holdings in shares of L-3 Communications Holdings by 3.7% during the first quarter. State Street Corp now owns 3,677,881 shares of the aerospace company’s stock worth $607,919,000 after purchasing an additional 132,410 shares during the last quarter. Boston Partners grew its holdings in shares of L-3 Communications Holdings by 80.6% during the second quarter. Boston Partners now owns 2,114,987 shares of the aerospace company’s stock worth $353,372,000 after purchasing an additional 944,150 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of L-3 Communications Holdings by 2.6% during the second quarter. Wells Fargo & Company MN now owns 882,098 shares of the aerospace company’s stock worth $147,381,000 after purchasing an additional 22,463 shares during the last quarter. Hedge funds and other institutional investors own 79.08% of the company’s stock.

L-3 Communications Holdings, Inc. (LLL) opened at 189.38 on Friday. The firm’s 50-day moving average price is $184.86 and its 200-day moving average price is $173.39. L-3 Communications Holdings, Inc. has a one year low of $132.38 and a one year high of $192.00. The company has a market cap of $14.81 billion, a PE ratio of 21.35 and a beta of 1.15.

L-3 Communications Holdings (NYSE:LLL) last released its quarterly earnings results on Thursday, July 27th. The aerospace company reported $2.21 EPS for the quarter, beating 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 firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same quarter in the previous year, the company posted $1.88 EPS. The business’s revenue was up 2.6% on a year-over-year basis. On average, equities research analysts forecast that L-3 Communications Holdings, Inc. will post $8.89 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 17th were given a $0.75 dividend. 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 1.58%. L-3 Communications Holdings’s dividend payout ratio (DPR) is presently 33.82%.

Several brokerages have recently commented on LLL. ValuEngine cut L-3 Communications Holdings from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Cowen and Company restated a “buy” rating and set a $200.00 target price (up previously from $190.00) on shares of L-3 Communications Holdings in a report on Tuesday. Deutsche Bank AG restated a “buy” rating and set a $205.00 target price (up previously from $190.00) on shares of L-3 Communications Holdings in a report on Monday, October 2nd. Zacks Investment Research upgraded L-3 Communications Holdings from a “hold” rating to a “buy” rating and set a $210.00 price target on the stock in a report on Monday, October 2nd. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $182.00 price target on shares of L-3 Communications Holdings in a report on Friday, September 1st. Nine 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 company’s stock. The company has an average rating of “Buy” and an average target price of $187.27.

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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 dated Monday, October 2nd. The stock was sold at an average price of $185.87, for a total value of $4,190,810.89. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Ralph Dambrosio sold 5,000 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $180.23, for a total value of $901,150.00. The disclosure for this sale can be found here. Insiders sold a total of 75,622 shares of company stock worth $13,649,909 in the last quarter. Corporate insiders own 2.90% of the company’s stock.

L-3 Communications Holdings 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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