D.A. Davidson & CO. boosted its position in shares of L-3 Communications Holdings, Inc. (NYSE:LLL) by 0.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,867 shares of the aerospace company’s stock after acquiring an additional 71 shares during the period. D.A. Davidson & CO.’s holdings in L-3 Communications Holdings were worth $3,653,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LLL. UBS Asset Management Americas Inc. raised its stake in L-3 Communications Holdings by 3.2% during the 1st quarter. UBS Asset Management Americas Inc. now owns 186,956 shares of the aerospace company’s stock worth $30,902,000 after acquiring an additional 5,766 shares during the period. Karp Capital Management Corp bought a new stake in L-3 Communications Holdings during the 1st quarter worth approximately $3,948,000. Sei Investments Co. raised its stake in L-3 Communications Holdings by 368.5% during the 1st quarter. Sei Investments Co. now owns 28,046 shares of the aerospace company’s stock worth $4,636,000 after acquiring an additional 22,060 shares during the period. State of Wisconsin Investment Board raised its stake in L-3 Communications Holdings by 22.8% during the 1st quarter. State of Wisconsin Investment Board now owns 51,474 shares of the aerospace company’s stock worth $8,508,000 after acquiring an additional 9,565 shares during the period. Finally, Stevens Capital Management LP raised its stake in L-3 Communications Holdings by 58.4% during the 1st quarter. Stevens Capital Management LP now owns 29,973 shares of the aerospace company’s stock worth $4,954,000 after acquiring an additional 11,054 shares during the period. Institutional investors own 79.08% of the company’s stock.

A number of equities research analysts have commented on the stock. Cowen and Company restated a “buy” rating and set a $190.00 target price on shares of L-3 Communications Holdings in a research note on Monday. Royal Bank Of Canada restated a “hold” rating and set a $182.00 target price on shares of L-3 Communications Holdings in a research note on Friday, September 1st. ValuEngine upgraded shares of L-3 Communications Holdings from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Drexel Hamilton upgraded shares of L-3 Communications Holdings from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Finally, Goldman Sachs Group, Inc. (The) upgraded shares of L-3 Communications Holdings from a “buy” rating to a “conviction-buy” rating and raised their target price for the stock from $195.00 to $204.00 in a research note on Monday, August 7th. Nine investment 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 presently has a consensus rating of “Buy” and an average target price of $182.91.

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L-3 Communications Holdings (NYSE:LLL) last posted its quarterly earnings data on Thursday, July 27th. The aerospace company reported $2.21 EPS for the quarter, beating 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 firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the prior year, the company earned $1.88 EPS. The firm’s revenue was up 2.6% compared to the same quarter last year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 17th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.58%. The ex-dividend date was Tuesday, August 15th. L-3 Communications Holdings’s dividend payout ratio is currently 33.82%.

In other L-3 Communications Holdings news, insider Ralph Dambrosio sold 5,000 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $180.23, for a total value of $901,150.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael T. Strianese sold 22,547 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was 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. Over the last three months, insiders sold 75,622 shares of company stock valued at $13,269,992. 2.90% of the stock is 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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