BT Investment Management Ltd acquired a new stake in L-3 Communications Holdings, Inc. (NYSE:LLL) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 78,823 shares of the aerospace company’s stock, valued at approximately $13,170,000. BT Investment Management Ltd owned 0.10% of L-3 Communications Holdings as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. BlueMountain Capital Management LLC boosted its stake in shares of L-3 Communications Holdings by 481.0% in the 2nd quarter. BlueMountain Capital Management LLC now owns 8,274 shares of the aerospace company’s stock valued at $1,382,000 after buying an additional 6,850 shares during the period. Amalgamated Bank boosted its stake in shares of L-3 Communications Holdings by 61.8% in the 2nd quarter. Amalgamated Bank now owns 8,723 shares of the aerospace company’s stock valued at $1,457,000 after buying an additional 3,332 shares during the period. BlackRock Inc. boosted its stake in shares of L-3 Communications Holdings by 5.8% in the 2nd quarter. BlackRock Inc. now owns 5,734,197 shares of the aerospace company’s stock valued at $958,069,000 after buying an additional 313,761 shares during the period. Nationwide Fund Advisors boosted its stake in shares of L-3 Communications Holdings by 0.4% in the 2nd quarter. Nationwide Fund Advisors now owns 58,342 shares of the aerospace company’s stock valued at $9,748,000 after buying an additional 231 shares during the period. Finally, Norinchukin Bank The boosted its stake in shares of L-3 Communications Holdings by 6.9% in the 2nd quarter. Norinchukin Bank The now owns 5,404 shares of the aerospace company’s stock valued at $903,000 after buying an additional 348 shares during the period. Institutional investors and hedge funds own 79.14% of the company’s stock.

In other L-3 Communications Holdings news, insider Michael T. Strianese sold 22,547 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $182.05, for a total transaction of $4,104,681.35. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Claude R. Canizares sold 2,981 shares of the stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $181.68, for a total value of $541,588.08. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 75,622 shares of company stock worth $13,269,992. 2.90% of the stock is currently owned by company insiders.

L-3 Communications Holdings, Inc. (LLL) traded up 0.85% on Friday, reaching $185.65. The company’s stock had a trading volume of 726,804 shares. L-3 Communications Holdings, Inc. has a 52 week low of $132.38 and a 52 week high of $185.95. The firm’s 50 day moving average price is $180.32 and its 200-day moving average price is $171.22. The company has a market capitalization of $14.52 billion, a price-to-earnings ratio of 20.93 and a beta of 1.15.

L-3 Communications Holdings (NYSE:LLL) last released its earnings results on Thursday, July 27th. The aerospace company reported $2.21 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter last year, the business posted $1.88 EPS. L-3 Communications Holdings’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, equities analysts predict that L-3 Communications Holdings, Inc. will post $8.88 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 17th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date was Tuesday, August 15th. L-3 Communications Holdings’s dividend payout ratio is presently 33.82%.

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Several equities research analysts have recently weighed in on the company. Stifel Nicolaus reissued a “hold” rating and set a $175.00 target price (up previously from $170.00) on shares of L-3 Communications Holdings in a research report on Sunday, July 30th. Cowen and Company reissued a “buy” rating and set a $185.00 target price on shares of L-3 Communications Holdings in a research report on Thursday, July 20th. Royal Bank Of Canada reissued a “hold” rating and set a $182.00 target price on shares of L-3 Communications Holdings in a research report on Friday, September 1st. Zacks Investment Research lowered L-3 Communications Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Finally, BidaskClub raised L-3 Communications Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Nine equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $182.91.

L-3 Communications Holdings 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.

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

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