Wells Fargo & Company MN boosted its stake in shares of L-3 Communications Holdings, Inc. (NYSE:LLL) by 3.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 912,061 shares of the aerospace company’s stock after acquiring an additional 29,963 shares during the quarter. Wells Fargo & Company MN owned 1.17% of L-3 Communications worth $171,860,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in L-3 Communications by 5.3% during the second quarter. Vanguard Group Inc. now owns 8,556,292 shares of the aerospace company’s stock valued at $1,429,586,000 after acquiring an additional 431,776 shares in the last quarter. BlackRock Inc. raised its position in L-3 Communications by 5.8% during the second quarter. BlackRock Inc. now owns 5,734,197 shares of the aerospace company’s stock valued at $958,069,000 after acquiring an additional 313,761 shares in the last quarter. Boston Partners raised its position in L-3 Communications by 80.6% during the second quarter. Boston Partners now owns 2,114,987 shares of the aerospace company’s stock valued at $353,372,000 after acquiring an additional 944,150 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of L-3 Communications by 221.3% in the third quarter. Ameriprise Financial Inc. now owns 1,137,399 shares of the aerospace company’s stock valued at $214,322,000 after buying an additional 783,446 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of L-3 Communications by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 941,274 shares of the aerospace company’s stock valued at $157,265,000 after buying an additional 27,812 shares in the last quarter. Institutional investors own 78.78% of the company’s stock.

Shares of L-3 Communications Holdings, Inc. (LLL) opened at $195.54 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.80 and a quick ratio of 1.62. The stock has a market capitalization of $15,280.00, a P/E ratio of 23.04, a PEG ratio of 3.95 and a beta of 1.17. L-3 Communications Holdings, Inc. has a 12 month low of $143.54 and a 12 month high of $199.97.

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

The company 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 $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Thursday, November 16th. L-3 Communications’s dividend payout ratio is presently 41.27%.

A number of research firms have recently commented on LLL. Cowen restated a “buy” rating and issued a $200.00 price objective (up from $190.00) on shares of L-3 Communications in a research report on Tuesday, October 3rd. ValuEngine cut L-3 Communications from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Royal Bank Of Canada restated a “hold” rating on shares of L-3 Communications in a research report on Sunday, October 8th. Deutsche Bank restated a “buy” rating and issued a $205.00 price objective (up from $190.00) on shares of L-3 Communications in a research report on Monday, October 2nd. Finally, Zacks Investment Research upgraded L-3 Communications from a “hold” rating to a “buy” rating and set a $210.00 price objective for the company in a research report on Monday, October 2nd. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. L-3 Communications has an average rating of “Buy” and an average target price of $197.50.

In other news, insider Michael T. Strianese sold 22,547 shares of L-3 Communications stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $186.40, for a total value of $4,202,760.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 2.90% of the company’s stock.

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L-3 Communications 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 (NYSE:LLL)

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