Commerce Bank continued to hold its position in shares of L-3 Communications Holdings Inc. (NYSE:LLL) during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 9,504 shares of the company’s stock at the end of the third quarter. Commerce Bank’s holdings in L-3 Communications Holdings were worth $1,432,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Tuttle Tactical Management LLC purchased a new position in shares of L-3 Communications Holdings during the second quarter valued at about $107,000. PineBridge Investments L.P. raised its position in shares of L-3 Communications Holdings by 79.7% in the second quarter. PineBridge Investments L.P. now owns 1,003 shares of the company’s stock valued at $147,000 after buying an additional 445 shares in the last quarter. Mizuho Asset Management Co. Ltd. raised its position in shares of L-3 Communications Holdings by 77.2% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,008 shares of the company’s stock valued at $148,000 after buying an additional 439 shares in the last quarter. NEXT Financial Group Inc raised its position in shares of L-3 Communications Holdings by 128.6% in the third quarter. NEXT Financial Group Inc now owns 1,054 shares of the company’s stock valued at $159,000 after buying an additional 593 shares in the last quarter. Finally, Global X Management Co. LLC raised its position in shares of L-3 Communications Holdings by 114.8% in the second quarter. Global X Management Co. LLC now owns 1,205 shares of the company’s stock valued at $177,000 after buying an additional 644 shares in the last quarter. 79.19% of the stock is owned by hedge funds and other institutional investors.

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

L-3 Communications Holdings Inc. (NYSE:LLL) traded up 1.35% during trading on Tuesday, reaching $158.63. The company had a trading volume of 474,521 shares. The firm has a market capitalization of $12.26 billion, a P/E ratio of 35.24 and a beta of 1.05. L-3 Communications Holdings Inc. has a 52 week low of $105.88 and a 52 week high of $158.86. The stock has a 50 day moving average price of $146.87 and a 200 day moving average price of $146.72.

L-3 Communications Holdings (NYSE:LLL) last posted its earnings results on Thursday, October 27th. The company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.06. The company earned $2.50 billion during the quarter, compared to analyst estimates of $2.54 billion. L-3 Communications Holdings had a return on equity of 13.90% and a net margin of 3.43%. L-3 Communications Holdings’s revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.09 earnings per share. Analysts predict that L-3 Communications Holdings Inc. will post $7.95 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, November 17th will be issued a dividend of $0.70 per share. The ex-dividend date is Tuesday, November 15th. This represents a $2.80 dividend on an annualized basis and a yield of 1.77%. L-3 Communications Holdings’s dividend payout ratio is currently 61.95%.

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A number of research analysts recently weighed in on the company. Deutsche Bank AG reaffirmed a “buy” rating and set a $160.00 price objective on shares of L-3 Communications Holdings in a research report on Monday, August 15th. Zacks Investment Research raised L-3 Communications Holdings from a “hold” rating to a “buy” rating and set a $170.00 price objective for the company in a research report on Monday, August 1st. Citigroup Inc. assumed coverage on L-3 Communications Holdings in a research report on Tuesday, September 6th. They set a “buy” rating and a $174.00 price objective for the company. Vertical Group assumed coverage on L-3 Communications Holdings in a research report on Friday, October 28th. They set a “hold” rating for the company. Finally, Drexel Hamilton lowered L-3 Communications Holdings from a “buy” rating to a “hold” rating in a research report on Friday, October 28th. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $161.54.

About L-3 Communications Holdings

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.

5 Day Chart for NYSE:LLL

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