Traders bought shares of L-3 Communications Holdings Inc. (NYSE:LLL) on weakness during trading hours on Friday. $94.48 million flowed into the stock on the tick-up and $24.08 million flowed out of the stock on the tick-down, for a money net flow of $70.40 million into the stock. Of all equities tracked, L-3 Communications Holdings had the 10th highest net in-flow for the day. L-3 Communications Holdings traded down ($1.74) for the day and closed at $148.84

Several research firms have recently issued reports on LLL. Barclays PLC lifted their price target on L-3 Communications Holdings from $126.00 to $133.00 and gave the stock an “equal weight” rating in a research note on Monday, May 2nd. Zacks Investment Research raised L-3 Communications Holdings from a “hold” rating to a “buy” rating and set a $147.00 price target for the company in a research note on Monday, May 2nd. Drexel Hamilton raised L-3 Communications Holdings from a “hold” rating to a “buy” rating and set a $152.00 price target for the company in a research note on Thursday, May 26th. Credit Suisse Group AG assumed coverage on L-3 Communications Holdings in a research note on Tuesday, June 7th. They set a “buy” rating and a $169.00 price target for the company. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $137.00 price objective (up previously from $135.00) on shares of L-3 Communications Holdings in a research report on Thursday, April 28th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. L-3 Communications Holdings has an average rating of “Buy” and a consensus price target of $148.18.

The firm’s 50-day moving average is $149.25 and its 200-day moving average is $133.31. The stock’s market cap is $11.50 billion.

L-3 Communications Holdings (NYSE:LLL) last announced its quarterly earnings data on Thursday, July 28th. The company reported $1.88 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.69 by $0.19. The firm earned $2.66 billion during the quarter, compared to analyst estimates of $2.49 billion. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.36 EPS. On average, equities research analysts anticipate that L-3 Communications Holdings Inc. will post $7.87 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Wednesday, August 17th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Monday, August 15th. This represents a $2.80 annualized dividend and a dividend yield of 1.88%.

In other news, insider John S. Mega sold 7,567 shares of the company’s stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $138.00, for a total value of $1,044,246.00. Following the completion of the sale, the insider now owns 17,476 shares in the company, valued at $2,411,688. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Claude R. Canizares sold 2,469 shares of the company’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $150.23, for a total value of $370,917.87. The disclosure for this sale can be found here.

Several hedge funds have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA raised its stake in shares of L-3 Communications Holdings by 249.0% in the fourth quarter. BNP Paribas Arbitrage SA now owns 29,021 shares of the company’s stock valued at $3,468,000 after buying an additional 20,705 shares during the period. I.G. Investment Management LTD. raised its stake in shares of L-3 Communications Holdings by 29.3% in the fourth quarter. I.G. Investment Management LTD. now owns 16,485 shares of the company’s stock valued at $1,970,000 after buying an additional 3,734 shares during the period. Victory Capital Management Inc. raised its stake in shares of L-3 Communications Holdings by 5.7% in the fourth quarter. Victory Capital Management Inc. now owns 27,560 shares of the company’s stock valued at $3,294,000 after buying an additional 1,474 shares during the period. Schroder Investment Management Group raised its stake in shares of L-3 Communications Holdings by 1,822.2% in the fourth quarter. Schroder Investment Management Group now owns 159,542 shares of the company’s stock valued at $19,067,000 after buying an additional 151,242 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its stake in shares of L-3 Communications Holdings by 3.9% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 10,659 shares of the company’s stock valued at $1,274,000 after buying an additional 404 shares during the period.

L-3 Communications Holdings, Inc (L-3 Holdings) operates through its operating subsidiary L-3 Communications (L-3). The Company operates through three segments: Electronic Systems, which provides a range of products and services, including components, products, subsystems, systems and related services to military and commercial customers; Aerospace Systems, which provides products and services for the Intelligence, Surveillance and Reconnaissance (ISR) market, specializing in signals intelligence (SIGINT) and multi-intelligence platforms, and Communication Systems, which provides network and communication systems, secure communications products, radio frequency components, satellite communication terminals, and space, microwave and telemetry products.

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