Stonebridge Capital Advisors LLC bought a new stake in L-3 Communications Holdings, Inc. (NYSE:LLL) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 8,481 shares of the aerospace company’s stock, valued at approximately $1,598,000.
A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in L-3 Communications by 5.3% in the 2nd quarter. Vanguard Group Inc. now owns 8,556,292 shares of the aerospace company’s stock valued at $1,429,586,000 after purchasing an additional 431,776 shares during the last quarter. BlackRock Inc. boosted its holdings in L-3 Communications by 5.8% in the 2nd quarter. BlackRock Inc. now owns 5,734,197 shares of the aerospace company’s stock valued at $958,069,000 after purchasing an additional 313,761 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in L-3 Communications by 221.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,137,399 shares of the aerospace company’s stock valued at $214,322,000 after purchasing an additional 783,446 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in L-3 Communications by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 941,274 shares of the aerospace company’s stock valued at $157,265,000 after purchasing an additional 27,812 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in L-3 Communications by 3.4% in the 3rd quarter. Wells Fargo & Company MN now owns 912,061 shares of the aerospace company’s stock valued at $171,860,000 after purchasing an additional 29,963 shares during the last quarter. Institutional investors own 78.79% of the company’s stock.
Several equities analysts have weighed in on the stock. ValuEngine lowered shares of L-3 Communications from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Stifel Nicolaus reiterated a “hold” rating and issued a $215.00 target price on shares of L-3 Communications in a report on Wednesday, December 6th. Cowen restated a “buy” rating and issued a $200.00 price objective (up from $190.00) on shares of L-3 Communications in a report on Tuesday, October 3rd. Deutsche Bank restated a “buy” rating and issued a $205.00 price objective (up from $190.00) on shares of L-3 Communications in a report on Monday, October 2nd. Finally, Jefferies Group restated a “hold” rating and issued a $185.00 price objective (up from $175.00) on shares of L-3 Communications in a report on Tuesday, October 10th. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $198.36.
Shares of L-3 Communications Holdings, Inc. (LLL) traded up $0.98 during mid-day trading on Wednesday, hitting $194.39. 502,100 shares of the stock traded hands, compared to its average volume of 555,982. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.62 and a current ratio of 1.80. L-3 Communications Holdings, Inc. has a 52-week low of $143.54 and a 52-week high of $199.97. The firm has a market cap of $15,113.47, a price-to-earnings ratio of 22.44, a P/E/G ratio of 3.40 and a beta of 1.19.
L-3 Communications (NYSE:LLL) last issued its quarterly earnings data on Thursday, October 26th. The aerospace company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.93 by $0.03. L-3 Communications had a net margin of 5.22% and a return on equity of 14.00%. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.68 billion. During the same period in the prior year, the business posted $1.88 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. analysts forecast that L-3 Communications Holdings, Inc. will post 8.38 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be issued a dividend of $0.75 per share. 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 1.54%. L-3 Communications’s dividend payout ratio (DPR) is presently 41.27%.
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About L-3 Communications
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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