L-3 Communications Holdings, Inc. (LLL) Short Interest Update

L-3 Communications Holdings, Inc. (NYSE:LLL) saw a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 669,471 shares, a decrease of 33.6% from the October 13th total of 1,007,903 shares. Currently, 0.9% of the company’s shares are sold short. Based on an average daily volume of 471,644 shares, the short-interest ratio is presently 1.4 days.

In other L-3 Communications Holdings news, insider Michael T. Strianese sold 22,547 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $186.40, for a total transaction of $4,202,760.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Ralph Dambrosio sold 5,000 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were 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. Over the last 90 days, insiders have sold 75,622 shares of company stock worth $13,940,991. Corporate insiders own 2.90% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of L-3 Communications Holdings by 5.3% in the 2nd quarter. Vanguard Group Inc. now owns 8,556,292 shares of the aerospace company’s stock valued at $1,429,586,000 after buying an additional 431,776 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of L-3 Communications Holdings by 5.8% in the 2nd quarter. BlackRock Inc. now owns 5,734,197 shares of the aerospace company’s stock valued at $958,069,000 after buying an additional 313,761 shares during the last quarter. Boston Partners boosted its holdings in shares of L-3 Communications Holdings by 80.6% in the 2nd quarter. Boston Partners now owns 2,114,987 shares of the aerospace company’s stock valued at $353,372,000 after buying an additional 944,150 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of L-3 Communications Holdings by 221.3% in the 3rd 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 during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of L-3 Communications Holdings by 3.0% in the 2nd 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 during the last quarter. 79.93% of the stock is owned by institutional investors.

Shares of L-3 Communications Holdings (NYSE LLL) opened at $185.12 on Tuesday. The company has a market capitalization of $14,395.35, a P/E ratio of 21.37, a PEG ratio of 3.48 and a beta of 1.18. The company has a quick ratio of 1.62, a current ratio of 1.80 and a debt-to-equity ratio of 0.66. L-3 Communications Holdings has a twelve month low of $143.54 and a twelve month high of $192.00.

L-3 Communications Holdings (NYSE:LLL) last released its quarterly earnings data on Thursday, October 26th. The aerospace company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.93 by $0.03. The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.68 billion. L-3 Communications Holdings had a return on equity of 14.00% and a net margin of 5.22%. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.88 EPS. analysts forecast that L-3 Communications Holdings 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. Stockholders of record on Friday, November 17th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Thursday, November 16th. L-3 Communications Holdings’s payout ratio is presently 41.27%.

LLL has been the subject of a number of recent analyst reports. Zacks Investment Research raised L-3 Communications Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Stifel Nicolaus reaffirmed 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. Jefferies Group LLC reaffirmed a “hold” rating and issued a $185.00 price target (up from $175.00) on shares of L-3 Communications Holdings in a research note on Tuesday, October 10th. Cowen and Company reaffirmed 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. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $182.00 price target on shares of L-3 Communications Holdings in a research note on Friday, September 1st. Eight investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. L-3 Communications Holdings presently has a consensus rating of “Hold” and an average target price of $195.50.

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About L-3 Communications Holdings

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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