NEXT Financial Group Inc raised its stake in L-3 Communications Holdings, Inc. (NYSE:LLL) by 53.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,012 shares of the aerospace company’s stock after purchasing an additional 354 shares during the period. NEXT Financial Group Inc’s holdings in L-3 Communications Holdings were worth $190,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Wedbush Securities Inc. increased its stake in L-3 Communications Holdings by 0.5% in the second quarter. Wedbush Securities Inc. now owns 1,322 shares of the aerospace company’s stock valued at $221,000 after purchasing an additional 6 shares during the last quarter. Honkamp Krueger Financial Services Inc. increased its stake in L-3 Communications Holdings by 0.6% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 1,314 shares of the aerospace company’s stock valued at $220,000 after purchasing an additional 8 shares during the last quarter. First Allied Advisory Services Inc. increased its stake in L-3 Communications Holdings by 0.3% in the second quarter. First Allied Advisory Services Inc. now owns 3,412 shares of the aerospace company’s stock valued at $586,000 after purchasing an additional 9 shares during the last quarter. MAI Capital Management increased its stake in L-3 Communications Holdings by 0.8% in the second quarter. MAI Capital Management now owns 2,015 shares of the aerospace company’s stock valued at $337,000 after purchasing an additional 15 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in L-3 Communications Holdings by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,786 shares of the aerospace company’s stock valued at $967,000 after purchasing an additional 15 shares during the last quarter. Institutional investors own 77.77% of the company’s stock.

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A number of brokerages have recently issued reports on LLL. 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 report on Friday, September 1st. Stifel Nicolaus raised their target price on shares of L-3 Communications Holdings from $195.00 to $205.00 and gave the stock a “hold” rating in a research report on Friday, October 27th. Cowen and Company restated a “buy” rating and set a $200.00 target price on shares of L-3 Communications Holdings in a research report on Friday, October 27th. Deutsche Bank AG restated a “buy” rating and set a $205.00 target price (up from $190.00) on shares of L-3 Communications Holdings in a research report on Monday, October 2nd. Finally, ValuEngine upgraded shares of L-3 Communications Holdings from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $197.50.

In other L-3 Communications Holdings news, insider Michael T. Strianese sold 22,547 shares of the business’s stock in a transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 67,641 shares of company stock valued at $12,498,253 in the last quarter. 2.90% of the stock is currently owned by insiders.

Shares of L-3 Communications Holdings, Inc. (LLL) traded up $1.26 on Wednesday, hitting $190.48. The company’s stock had a trading volume of 566,000 shares, compared to its average volume of 547,706. L-3 Communications Holdings, Inc. has a one year low of $143.54 and a one year high of $192.00. The firm has a market cap of $14,786.06, a price-to-earnings ratio of 21.95, a price-to-earnings-growth ratio of 3.58 and a beta of 1.18. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.62 and a current ratio of 1.80.

L-3 Communications Holdings (NYSE:LLL) last announced its earnings results on Thursday, October 26th. The aerospace company reported $1.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.93 by $0.03. L-3 Communications Holdings had a return on equity of 14.00% and a net margin of 5.22%. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.68 billion. During the same period in the prior year, the company posted $1.88 EPS. L-3 Communications Holdings’s quarterly revenue was up 5.6% on a year-over-year basis. analysts anticipate that L-3 Communications Holdings, Inc. will post 8.92 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $3.00 dividend on an annualized basis and a yield of 1.57%. L-3 Communications Holdings’s payout ratio is currently 41.27%.

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.

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

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