Koch Industries Inc. purchased a new stake in L-3 Communications Holdings, Inc. (NYSE:LLL) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 280,189 shares of the aerospace company’s stock, valued at approximately $279,000. Koch Industries Inc. owned approximately 0.36% of L-3 Communications Holdings as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Acrospire Investment Management LLC acquired a new position in shares of L-3 Communications Holdings in the second quarter valued at about $100,000. Bronfman E.L. Rothschild L.P. grew its stake in shares of L-3 Communications Holdings by 103.1% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 654 shares of the aerospace company’s stock valued at $109,000 after acquiring an additional 332 shares in the last quarter. FNY Partners Fund LP acquired a new position in shares of L-3 Communications Holdings in the first quarter valued at about $115,000. FNY Managed Accounts LLC acquired a new position in shares of L-3 Communications Holdings in the first quarter valued at about $141,000. Finally, San Francisco Sentry Investment Group CA acquired a new position in shares of L-3 Communications Holdings in the second quarter valued at about $171,000. Institutional investors and hedge funds own 79.08% of the company’s stock.

LLL has been the topic of several research reports. Cowen and Company restated a “buy” rating and issued a $185.00 price target on shares of L-3 Communications Holdings in a research note on Thursday, July 20th. Jefferies Group LLC restated a “hold” rating and issued a $175.00 price target on shares of L-3 Communications Holdings in a research note on Sunday, July 30th. Stifel Nicolaus restated a “hold” rating and issued a $175.00 price target (up from $170.00) on shares of L-3 Communications Holdings in a research note on Sunday, July 30th. Zacks Investment Research downgraded shares of L-3 Communications Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, Goldman Sachs Group, Inc. (The) upgraded shares of L-3 Communications Holdings from a “buy” rating to a “conviction-buy” rating and upped their price target for the company from $195.00 to $204.00 in a research note on Monday, August 7th. One analyst has rated the stock with a sell rating, nine have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. L-3 Communications Holdings has an average rating of “Hold” and a consensus target price of $192.50.

In other news, Director Claude R. Canizares sold 2,981 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $181.68, for a total transaction of $541,588.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael T. Strianese sold 22,547 shares of the business’s stock in a transaction dated 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. Insiders have sold 75,622 shares of company stock valued at $13,649,909 in the last three months. 2.90% of the stock is owned by insiders.

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Shares of L-3 Communications Holdings, Inc. (NYSE:LLL) opened at 184.83 on Thursday. L-3 Communications Holdings, Inc. has a 52 week low of $132.38 and a 52 week high of $192.00. The firm’s 50-day moving average is $186.55 and its 200-day moving average is $174.60. The firm has a market capitalization of $14.46 billion, a P/E ratio of 20.84 and a beta of 1.15.

L-3 Communications Holdings (NYSE:LLL) last posted 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 business had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same quarter in the previous year, the firm earned $1.88 EPS. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. Equities analysts anticipate that L-3 Communications Holdings, Inc. will post $8.84 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Thursday, November 16th. L-3 Communications Holdings’s payout ratio is 33.82%.

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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