Advisor Group Inc. Grows Holdings in L-3 Communications Holdings, Inc. (LLL)

Advisor Group Inc. boosted its position in shares of L-3 Communications Holdings, Inc. (NYSE:LLL) by 12.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,710 shares of the aerospace company’s stock after purchasing an additional 1,863 shares during the period. Advisor Group Inc.’s holdings in L-3 Communications Holdings were worth $3,148,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Moody Lynn & Lieberson LLC bought a new position in shares of L-3 Communications Holdings in the 3rd quarter valued at about $3,691,000. Los Angeles Capital Management & Equity Research Inc. grew its holdings in shares of L-3 Communications Holdings by 2.7% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 133,982 shares of the aerospace company’s stock valued at $25,246,000 after acquiring an additional 3,545 shares in the last quarter. Toronto Dominion Bank grew its holdings in shares of L-3 Communications Holdings by 12.4% in the 3rd quarter. Toronto Dominion Bank now owns 29,657 shares of the aerospace company’s stock valued at $5,587,000 after acquiring an additional 3,278 shares in the last quarter. New York State Common Retirement Fund grew its holdings in shares of L-3 Communications Holdings by 1.8% in the 3rd quarter. New York State Common Retirement Fund now owns 174,300 shares of the aerospace company’s stock valued at $32,843,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Retirement Systems of Alabama grew its holdings in shares of L-3 Communications Holdings by 7.8% in the 3rd quarter. Retirement Systems of Alabama now owns 106,733 shares of the aerospace company’s stock valued at $20,112,000 after acquiring an additional 7,743 shares in the last quarter. Hedge funds and other institutional investors own 79.93% of the company’s stock.

L-3 Communications Holdings, Inc. (LLL) traded down $0.41 during trading on Wednesday, reaching $184.71. The company had a trading volume of 481,000 shares, compared to its average volume of 547,345. L-3 Communications Holdings, Inc. has a fifty-two week low of $143.54 and a fifty-two week high of $192.00. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.80 and a quick ratio of 1.62. The company has a market capitalization of $14,465.67, a PE ratio of 21.48, a P/E/G ratio of 3.50 and a beta of 1.18.

L-3 Communications Holdings (NYSE:LLL) last posted 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. The business had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.68 billion. L-3 Communications Holdings had a return on equity of 14.00% and a net margin of 5.22%. L-3 Communications Holdings’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the company posted $1.88 earnings per share. sell-side analysts anticipate that L-3 Communications Holdings, Inc. will post 8.92 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $3.00 annualized dividend and a yield of 1.62%. L-3 Communications Holdings’s dividend payout ratio (DPR) is presently 41.27%.

In other L-3 Communications Holdings news, insider Michael T. Strianese sold 22,547 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $182.05, for a total transaction of $4,104,681.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ralph Dambrosio sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $180.23, for a total transaction of $901,150.00. The disclosure for this sale can be found here. Insiders have sold 72,641 shares of company stock valued at $13,399,403 over the last 90 days. Company insiders own 2.90% of the company’s stock.

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Several equities analysts have recently weighed in on the company. Drexel Hamilton upgraded L-3 Communications Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. ValuEngine cut L-3 Communications Holdings from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. 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 report on Monday, August 7th. Cowen and Company restated a “buy” rating and issued a $200.00 price objective (up previously from $190.00) on shares of L-3 Communications Holdings in a report on Tuesday, October 3rd. Finally, Bank of America Corporation raised their price objective on L-3 Communications Holdings from $185.00 to $205.00 and gave the company a “neutral” rating in a report on Tuesday, October 10th. Eight analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. L-3 Communications Holdings currently has an average rating of “Hold” and a consensus price target of $195.50.

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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