Investors sold shares of L-3 Communications Holdings, Inc. (NYSE:LLL) on strength during trading on Thursday. $63.52 million flowed into the stock on the tick-up and $70.80 million flowed out of the stock on the tick-down, for a money net flow of $7.28 million out of the stock. Of all equities tracked, L-3 Communications Holdings had the 29th highest net out-flow for the day. L-3 Communications Holdings traded up $1.56 for the day and closed at $183.29

A number of research firms have recently weighed in on LLL. Drexel Hamilton upgraded shares of L-3 Communications Holdings from a “hold” rating to a “buy” rating in a report on Tuesday. Goldman Sachs Group, Inc. (The) upgraded shares of L-3 Communications Holdings from a “buy” rating to a “conviction-buy” rating and boosted their target price for the stock from $195.00 to $204.00 in a report on Monday. Zacks Investment Research downgraded shares of L-3 Communications Holdings from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Stifel Nicolaus restated a “hold” rating and issued a $175.00 target price (up from $170.00) on shares of L-3 Communications Holdings in a report on Sunday, July 30th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $175.00 target price on shares of L-3 Communications Holdings in a report on Sunday, July 30th. Nine equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. L-3 Communications Holdings presently has a consensus rating of “Buy” and an average target price of $182.08.

The firm has a 50 day moving average of $172.85 and a 200 day moving average of $167.64. The firm has a market capitalization of $14.34 billion, a PE ratio of 20.66 and a beta of 1.15.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 17th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Tuesday, August 15th. L-3 Communications Holdings’s dividend payout ratio is presently 33.82%.

L-3 Communications Holdings announced that its Board of Directors has authorized a share repurchase plan 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 plans are typically an indication that the company’s board of directors believes its shares are undervalued.

In related news, Chairman Michael T. Strianese sold 22,547 shares of L-3 Communications Holdings stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $169.02, for a total value of $3,810,893.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 67,641 shares of company stock valued at $11,511,371 in the last 90 days. Company insiders own 2.90% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cleararc Capital Inc. boosted its position in L-3 Communications Holdings by 0.3% in the first quarter. Cleararc Capital Inc. now owns 1,755 shares of the aerospace company’s stock valued at $290,000 after buying an additional 5 shares during the period. Wedbush Securities Inc. boosted its position in L-3 Communications Holdings by 0.5% in the second quarter. Wedbush Securities Inc. now owns 1,322 shares of the aerospace company’s stock valued at $221,000 after buying an additional 6 shares during the period. Honkamp Krueger Financial Services Inc. boosted its position in L-3 Communications Holdings by 0.6% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 1,314 shares of the aerospace company’s stock valued at $220,000 after buying an additional 8 shares during the period. Northeast Financial Consultants Inc boosted its position in L-3 Communications Holdings by 0.3% in the first quarter. Northeast Financial Consultants Inc now owns 3,323 shares of the aerospace company’s stock valued at $549,000 after buying an additional 10 shares during the period. Finally, MAI Capital Management boosted its position in L-3 Communications Holdings by 0.8% in the second quarter. MAI Capital Management now owns 2,015 shares of the aerospace company’s stock valued at $337,000 after buying an additional 15 shares during the period. Institutional investors own 81.21% of the company’s stock.

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L-3 Communications Holdings Company Profile

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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