Principal Financial Group Inc. lowered its position in shares of L-3 Communications Holdings, Inc. (NYSE:LLL) by 11.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 462,163 shares of the aerospace company’s stock after selling 61,693 shares during the period. Principal Financial Group Inc. owned approximately 0.59% of L-3 Communications Holdings worth $87,085,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in LLL. Acrospire Investment Management LLC bought a new stake in shares of L-3 Communications Holdings during the second quarter valued at approximately $100,000. Bronfman E.L. Rothschild L.P. increased its position in shares of L-3 Communications Holdings by 103.1% during 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. San Francisco Sentry Investment Group CA bought a new stake in shares of L-3 Communications Holdings during the second quarter valued at approximately $171,000. Fox Run Management L.L.C. bought a new stake in shares of L-3 Communications Holdings during the second quarter valued at approximately $200,000. Finally, Fulton Bank N.A. bought a new stake in shares of L-3 Communications Holdings during the third quarter valued at approximately $202,000. 79.93% of the stock is owned by institutional investors.

In other news, Director Claude R. Canizares sold 2,981 shares of L-3 Communications Holdings stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $181.68, for a total transaction of $541,588.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ralph Dambrosio sold 5,000 shares of L-3 Communications Holdings stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $180.23, for a total transaction of $901,150.00. The disclosure for this sale can be found here. Insiders have sold a total of 75,622 shares of company stock worth $13,940,991 in the last quarter. Corporate insiders own 2.90% of the company’s stock.

Several equities research analysts recently weighed in on LLL shares. Royal Bank Of Canada reissued a “hold” rating and set a $182.00 price target on shares of L-3 Communications Holdings in a research report on Friday, September 1st. Cowen and Company reissued a “buy” rating and set a $185.00 price target on shares of L-3 Communications Holdings in a research report on Thursday, July 20th. Deutsche Bank AG reissued a “buy” rating and set a $205.00 price target (up previously from $190.00) on shares of L-3 Communications Holdings in a research report on Monday, October 2nd. ValuEngine raised shares of L-3 Communications Holdings from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research raised shares of L-3 Communications Holdings from a “hold” rating to a “buy” rating and set a $210.00 price target for the company in a research report on Monday, October 2nd. Eight research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. L-3 Communications Holdings presently has an average rating of “Hold” and a consensus price target of $195.50.

Shares of L-3 Communications Holdings, Inc. (NYSE:LLL) opened at $184.22 on Monday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.80 and a quick ratio of 1.62. L-3 Communications Holdings, Inc. has a 1 year low of $143.54 and a 1 year high of $192.00. The company has a market cap of $14,395.35, a P/E ratio of 21.37, a price-to-earnings-growth ratio of 3.48 and a beta of 1.18.

L-3 Communications Holdings (NYSE:LLL) last issued its quarterly earnings results on Thursday, October 26th. The aerospace company reported $1.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.93 by $0.03. The business had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.68 billion. L-3 Communications Holdings had a net margin of 5.22% and a return on equity of 14.00%. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.88 EPS. equities analysts expect that L-3 Communications Holdings, Inc. will post 8.92 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Thursday, November 16th. L-3 Communications Holdings’s dividend payout ratio is presently 41.27%.

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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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