2,403 Shares in L-3 Communications Holdings, Inc. (LLL) Purchased by Vident Investment Advisory LLC

Vident Investment Advisory LLC bought a new position in shares of L-3 Communications Holdings, Inc. (NYSE:LLL) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,403 shares of the aerospace company’s stock, valued at approximately $453,000.

Several other large investors have also modified their holdings of LLL. Vanguard Group Inc. grew its position in shares of L-3 Communications 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 acquiring an additional 431,776 shares during the last quarter. BlackRock Inc. grew its position in shares of L-3 Communications 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 acquiring an additional 313,761 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of L-3 Communications by 221.3% during the third quarter. Ameriprise Financial Inc. now owns 1,137,399 shares of the aerospace company’s stock worth $214,322,000 after acquiring an additional 783,446 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of L-3 Communications by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 941,274 shares of the aerospace company’s stock worth $157,265,000 after acquiring an additional 27,812 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of L-3 Communications by 3.4% during the third quarter. Wells Fargo & Company MN now owns 912,061 shares of the aerospace company’s stock worth $171,860,000 after acquiring an additional 29,963 shares during the last quarter. 78.79% of the stock is currently owned by institutional investors.

In related news, insider Michael T. Strianese sold 22,547 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $185.87, for a total value of $4,190,810.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 67,639 shares of company stock valued at $12,818,253 in the last quarter. 2.90% of the stock is currently owned by insiders.

L-3 Communications Holdings, Inc. (NYSE:LLL) opened at $195.05 on Monday. The stock has a market cap of $15,245.50, a PE ratio of 22.63, a P/E/G ratio of 3.43 and a beta of 1.19. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.80 and a quick ratio of 1.62. L-3 Communications Holdings, Inc. has a 12-month low of $143.54 and a 12-month high of $199.97.

L-3 Communications (NYSE:LLL) last announced its earnings results on Thursday, October 26th. The aerospace company reported $1.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.93 by $0.03. The firm had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.68 billion. L-3 Communications had a net margin of 5.22% and a return on equity of 14.00%. L-3 Communications’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.88 EPS. equities analysts forecast that L-3 Communications Holdings, Inc. will post 8.38 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 17th were given a $0.75 dividend. The ex-dividend date of this dividend was 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 is presently 41.27%.

Several equities analysts have recently commented on the stock. ValuEngine lowered shares of L-3 Communications from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Stifel Nicolaus restated a “hold” rating and set a $215.00 price target on shares of L-3 Communications in a research report on Wednesday, December 6th. Cowen restated a “buy” rating and set a $200.00 price target (up previously from $190.00) on shares of L-3 Communications in a research report on Tuesday, October 3rd. Deutsche Bank restated a “buy” rating and set a $205.00 price target (up previously from $190.00) on shares of L-3 Communications in a research report on Monday, October 2nd. Finally, Jefferies Group restated a “hold” rating and set a $185.00 price target (up previously from $175.00) on shares of L-3 Communications in a research report on Tuesday, October 10th. Seven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. L-3 Communications presently has an average rating of “Buy” and a consensus price target of $198.36.

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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.

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

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