L-3 Communications Holdings, Inc. (LLL) Shares Bought by Keel Point LLC

Keel Point LLC increased its stake in shares of L-3 Communications Holdings, Inc. (NYSE:LLL) by 0.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,451 shares of the aerospace company’s stock after buying an additional 16 shares during the period. Keel Point LLC’s holdings in L-3 Communications Holdings were worth $577,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LLL. BlackRock Inc. increased its holdings in L-3 Communications Holdings by 3,351.1% during the first quarter. BlackRock Inc. now owns 5,420,436 shares of the aerospace company’s stock worth $895,943,000 after buying an additional 5,263,373 shares during the last quarter. Boston Partners increased its stake in shares of L-3 Communications Holdings by 80.6% in the second quarter. Boston Partners now owns 2,114,987 shares of the aerospace company’s stock worth $353,372,000 after purchasing an additional 944,150 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of L-3 Communications Holdings by 23,683.0% in the first quarter. Teachers Advisors LLC now owns 717,057 shares of the aerospace company’s stock worth $118,522,000 after purchasing an additional 714,042 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of L-3 Communications Holdings by 7,291.5% in the second quarter. Janus Henderson Group PLC now owns 717,270 shares of the aerospace company’s stock worth $119,840,000 after purchasing an additional 707,566 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of L-3 Communications Holdings by 6.6% in the first quarter. Vanguard Group Inc. now owns 8,124,516 shares of the aerospace company’s stock worth $1,342,901,000 after purchasing an additional 505,941 shares in the last quarter. Institutional investors and hedge funds own 79.08% of the company’s stock.

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L-3 Communications Holdings, Inc. (NYSE LLL) traded down 0.30% on Friday, hitting $188.25. 110,649 shares of the company’s stock traded hands. The stock has a market cap of $14.72 billion, a P/E ratio of 21.22 and a beta of 1.15. The stock has a 50 day moving average price of $185.82 and a 200-day moving average price of $173.96. L-3 Communications Holdings, Inc. has a 12 month low of $132.38 and a 12 month high of $192.00.

L-3 Communications Holdings (NYSE:LLL) last issued its quarterly earnings results on Thursday, July 27th. The aerospace company reported $2.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.18. The company had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.70 billion. L-3 Communications Holdings had a return on equity of 14.15% and a net margin of 6.44%. L-3 Communications Holdings’s revenue was up 2.6% on a year-over-year basis. During the same period last year, the company earned $1.88 earnings per share. Equities analysts predict that L-3 Communications Holdings, Inc. will post $8.85 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 17th were given a $0.75 dividend. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $3.00 dividend on an annualized basis and a yield of 1.59%. L-3 Communications Holdings’s dividend payout ratio is presently 33.82%.

Several equities analysts have recently weighed in on LLL shares. Cowen and Company reiterated a “buy” rating and issued a $185.00 target price on shares of L-3 Communications Holdings in a research note on Thursday, July 20th. Royal Bank Of Canada reiterated a “hold” rating and issued a $182.00 target price on shares of L-3 Communications Holdings in a research note on Friday, September 1st. Deutsche Bank AG reiterated a “buy” rating and issued a $205.00 target price (up previously from $190.00) on shares of L-3 Communications Holdings in a research note on Monday, October 2nd. ValuEngine upgraded shares of L-3 Communications Holdings from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $175.00 target price (up previously from $170.00) on shares of L-3 Communications Holdings in a research note on Sunday, July 30th. Nine analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $192.50.

In related news, insider Michael T. Strianese sold 22,547 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $185.87, for a total value of $4,190,810.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Claude R. Canizares sold 2,981 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $181.68, for a total value of $541,588.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 75,622 shares of company stock valued at $13,649,909. 2.90% of the stock is owned by corporate insiders.

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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