Lee Danner & Bass Inc. continued to hold its stake in shares of L-3 Communications Holdings, Inc. (NYSE:LLL) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,256 shares of the aerospace company’s stock at the end of the second quarter. Lee Danner & Bass Inc.’s holdings in L-3 Communications Holdings were worth $544,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of LLL. Wells Fargo & Company MN raised its stake in shares of L-3 Communications Holdings by 1.5% in the first quarter. Wells Fargo & Company MN now owns 859,635 shares of the aerospace company’s stock worth $142,091,000 after buying an additional 12,728 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of L-3 Communications Holdings by 2.0% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 12,420 shares of the aerospace company’s stock worth $2,053,000 after buying an additional 249 shares in the last quarter. Bank of America Corp DE raised its stake in shares of L-3 Communications Holdings by 12.3% in the first quarter. Bank of America Corp DE now owns 817,309 shares of the aerospace company’s stock worth $135,093,000 after buying an additional 89,320 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in shares of L-3 Communications Holdings by 3.6% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,062 shares of the aerospace company’s stock worth $319,000 after buying an additional 71 shares in the last quarter. Finally, Oxford Asset Management bought a new stake in shares of L-3 Communications Holdings during the first quarter worth about $2,492,000. 81.89% of the stock is owned by hedge funds and other institutional investors.

Shares of L-3 Communications Holdings, Inc. (NYSE LLL) opened at 176.00 on Friday. The stock has a market capitalization of $13.77 billion, a price-to-earnings ratio of 19.84 and a beta of 1.15. The firm’s 50 day moving average is $170.97 and its 200 day moving average is $166.60. L-3 Communications Holdings, Inc. has a 52-week low of $132.38 and a 52-week high of $180.73.

L-3 Communications Holdings (NYSE:LLL) last released its earnings results on Thursday, July 27th. The aerospace company reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.18. The company had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.70 billion. L-3 Communications Holdings had a return on equity of 14.15% and a net margin of 6.44%. L-3 Communications Holdings’s revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.88 EPS. Equities analysts expect that L-3 Communications Holdings, Inc. will post $8.88 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 17th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Tuesday, August 15th. L-3 Communications Holdings’s dividend payout ratio is currently 33.82%.

L-3 Communications Holdings declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, May 9th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the aerospace company to buy up to 11.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

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A number of analysts have recently issued reports on LLL shares. Jefferies Group LLC reissued a “hold” rating and set a $170.00 target price (up from $160.00) on shares of L-3 Communications Holdings in a research note on Saturday, April 29th. Deutsche Bank AG boosted their target price on shares of L-3 Communications Holdings from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Barclays PLC lowered shares of L-3 Communications Holdings from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $165.00 to $175.00 in a research note on Monday, May 1st. Cowen and Company reaffirmed a “buy” rating and issued a $185.00 price objective on shares of L-3 Communications Holdings in a research note on Thursday, July 20th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $178.00 price objective on shares of L-3 Communications Holdings in a research note on Friday, June 2nd. Ten research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. L-3 Communications Holdings has an average rating of “Hold” and an average price target of $180.09.

In other L-3 Communications Holdings news, insider Michael T. Strianese sold 22,547 shares of L-3 Communications Holdings stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $173.49, for a total value of $3,911,679.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 67,641 shares of company stock valued at $11,511,371. 2.90% of the stock is currently owned by corporate insiders.

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.

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

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