Teachers Advisors LLC grew its holdings in L-3 Communications Holdings, Inc. (NYSE:LLL) by 1.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 724,550 shares of the aerospace company’s stock after purchasing an additional 7,493 shares during the period. Teachers Advisors LLC owned approximately 0.93% of L-3 Communications Holdings worth $121,058,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC lifted its stake in shares of L-3 Communications Holdings by 4.6% in the 1st quarter. Parallel Advisors LLC now owns 614 shares of the aerospace company’s stock valued at $103,000 after purchasing an additional 27 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in shares of L-3 Communications Holdings by 103.1% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 654 shares of the aerospace company’s stock valued at $109,000 after purchasing an additional 332 shares during the last quarter. FNY Partners Fund LP acquired a new position in shares of L-3 Communications Holdings in the 1st quarter valued at $115,000. FNY Managed Accounts LLC acquired a new position in shares of L-3 Communications Holdings in the 1st quarter valued at $141,000. Finally, Heritage Trust Co acquired a new position in shares of L-3 Communications Holdings in the 1st quarter valued at $165,000. 79.14% of the stock is currently owned by institutional investors and hedge funds.

Shares of L-3 Communications Holdings, Inc. (NYSE LLL) traded down 0.42% during midday trading on Wednesday, reaching $183.62. The company’s stock had a trading volume of 66,627 shares. L-3 Communications Holdings, Inc. has a 52 week low of $132.38 and a 52 week high of $185.12. The firm’s 50 day moving average is $179.45 and its 200 day moving average is $170.80. The firm has a market capitalization of $14.36 billion, a price-to-earnings ratio of 20.70 and a beta of 1.15.

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, beating the Zacks’ 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 firm had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter last year, the firm earned $1.88 earnings per share. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. Equities analysts forecast that L-3 Communications Holdings, Inc. will post $8.88 EPS for the current fiscal year.

The business also recently disclosed 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 1.63%. The ex-dividend date of this dividend is Tuesday, August 15th. L-3 Communications Holdings’s dividend payout ratio (DPR) is presently 33.82%.

In other L-3 Communications Holdings news, insider Ralph Dambrosio sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $180.23, for a total value of $901,150.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael T. Strianese sold 22,547 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $173.49, for a total value of $3,911,679.03. The disclosure for this sale can be found here. Insiders sold 75,622 shares of company stock worth $13,269,992 over the last three months. 2.90% of the stock is currently owned by corporate insiders.

LLL has been the topic of several recent analyst reports. 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. BidaskClub upgraded L-3 Communications Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Cowen and Company reiterated an “outperform” rating and issued a $185.00 price objective on shares of L-3 Communications Holdings in a report on Wednesday, June 14th. Jefferies Group LLC reiterated a “hold” rating and issued a $175.00 price objective on shares of L-3 Communications Holdings in a report on Sunday, July 30th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $175.00 price objective (up previously from $170.00) on shares of L-3 Communications Holdings in a report on Sunday, July 30th. Nine 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. The stock has an average rating of “Buy” and an average target price of $182.91.

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

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