Advisor Partners LLC increased its position in shares of L-3 Communications Holdings, Inc. (NYSE:LLL) by 2.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,085 shares of the aerospace company’s stock after buying an additional 86 shares during the period. Advisor Partners LLC’s holdings in L-3 Communications Holdings were worth $515,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Chevy Chase Trust Holdings Inc. raised its stake in L-3 Communications Holdings by 5.6% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 68,788 shares of the aerospace company’s stock worth $11,370,000 after buying an additional 3,623 shares during the period. Raymond James Trust N.A. raised its stake in L-3 Communications Holdings by 20.6% in the first quarter. Raymond James Trust N.A. now owns 3,278 shares of the aerospace company’s stock worth $542,000 after buying an additional 559 shares during the period. Creative Planning bought a new stake in L-3 Communications Holdings during the first quarter worth $559,000. Gulf International Bank UK Ltd raised its stake in L-3 Communications Holdings by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 24,598 shares of the aerospace company’s stock worth $4,065,000 after buying an additional 300 shares during the period. Finally, National Pension Service bought a new stake in L-3 Communications Holdings during the first quarter worth $11,926,000. 81.21% of the stock is owned by hedge funds and other institutional investors.

L-3 Communications Holdings, Inc. (NYSE:LLL) opened at 176.58 on Tuesday. The company has a market cap of $13.81 billion, a P/E ratio of 19.91 and a beta of 1.15. The firm has a 50-day moving average price of $170.97 and a 200-day moving average price of $166.60. L-3 Communications Holdings, Inc. has a 12-month low of $132.38 and a 12-month high of $180.73.

L-3 Communications Holdings (NYSE:LLL) last issued its earnings results on Thursday, July 27th. The aerospace company reported $2.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.03 by $0.18. L-3 Communications Holdings had a return on equity of 14.15% and a net margin of 6.44%. The business had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same period in the prior year, the business earned $1.88 EPS. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, equities research analysts forecast that L-3 Communications Holdings, Inc. will post $8.88 earnings per share for the current fiscal 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 issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Tuesday, August 15th. L-3 Communications Holdings’s dividend payout ratio is 33.82%.

L-3 Communications Holdings announced that its Board of Directors has authorized a share repurchase program on Tuesday, May 9th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the aerospace company to repurchase up to 11.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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A number of analysts recently commented on the company. Deutsche Bank AG raised their price target on L-3 Communications Holdings from $175.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $170.00 price target (up previously from $160.00) on shares of L-3 Communications Holdings in a research note on Saturday, April 29th. Barclays PLC lowered L-3 Communications Holdings from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $165.00 to $175.00 in a research note on Monday, May 1st. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $178.00 price target on shares of L-3 Communications Holdings in a research note on Friday, June 2nd. Finally, BidaskClub raised L-3 Communications Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Nine equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $180.09.

In other L-3 Communications Holdings news, insider Michael T. Strianese sold 22,547 shares of the company’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $168.04, for a total value of $3,788,797.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 67,641 shares of company stock valued at $11,511,371 over the last quarter. Company insiders own 2.90% of the company’s stock.

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.

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

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