British Columbia Investment Management Corp cut its position in L-3 Communications Holdings Inc. (NYSE:LLL) by 16.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 61,557 shares of the company’s stock after selling 12,426 shares during the period. British Columbia Investment Management Corp owned 0.08% of L-3 Communications Holdings worth $9,278,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Wendell David Associates Inc. purchased a new position in shares of L-3 Communications Holdings during the second quarter valued at $224,000. Nisa Investment Advisors LLC increased its position in shares of L-3 Communications Holdings by 1.6% in the second quarter. Nisa Investment Advisors LLC now owns 33,067 shares of the company’s stock valued at $4,851,000 after buying an additional 520 shares in the last quarter. Fragasso Group Inc. increased its position in shares of L-3 Communications Holdings by 1.5% in the second quarter. Fragasso Group Inc. now owns 10,822 shares of the company’s stock valued at $1,587,000 after buying an additional 163 shares in the last quarter. Creative Planning increased its position in shares of L-3 Communications Holdings by 56.4% in the second quarter. Creative Planning now owns 2,171 shares of the company’s stock valued at $318,000 after buying an additional 783 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. increased its position in shares of L-3 Communications Holdings by 1.2% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 66,877 shares of the company’s stock valued at $9,809,000 after buying an additional 810 shares in the last quarter. 79.19% of the stock is currently owned by institutional investors.

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

L-3 Communications Holdings Inc. (NYSE:LLL) traded up 0.10% on Monday, reaching $156.52. 487,752 shares of the company’s stock were exchanged. The firm has a market cap of $12.10 billion, a PE ratio of 34.77 and a beta of 1.05. The firm has a 50 day moving average price of $146.73 and a 200 day moving average price of $146.43. L-3 Communications Holdings Inc. has a one year low of $105.88 and a one year high of $157.14.

L-3 Communications Holdings (NYSE:LLL) last announced its quarterly earnings data on Thursday, October 27th. The company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.06. The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.54 billion. L-3 Communications Holdings had a return on equity of 13.90% and a net margin of 3.43%. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.09 EPS. On average, equities analysts anticipate that L-3 Communications Holdings Inc. will post $7.95 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, November 17th will be issued a $0.70 dividend. The ex-dividend date is Tuesday, November 15th. This represents a $2.80 dividend on an annualized basis and a yield of 1.79%. L-3 Communications Holdings’s payout ratio is currently 61.95%.

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Several equities analysts have weighed in on the stock. Zacks Investment Research raised shares of L-3 Communications Holdings from a “hold” rating to a “buy” rating and set a $171.00 price target on the stock in a report on Wednesday, September 28th. Citigroup Inc. lifted their price target on shares of L-3 Communications Holdings from $174.00 to $180.00 and gave the company a “buy” rating in a report on Monday, October 10th. Robert W. Baird assumed coverage on shares of L-3 Communications Holdings in a report on Wednesday, October 5th. They set an “outperform” rating and a $184.00 price target on the stock. Deutsche Bank AG reaffirmed a “buy” rating on shares of L-3 Communications Holdings in a report on Thursday, October 27th. Finally, Barclays PLC raised shares of L-3 Communications Holdings from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $155.00 to $165.00 in a report on Thursday, November 10th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $161.54.

About L-3 Communications Holdings

L-3 Communications Holdings, Inc (L-3 Holdings) operates through its operating subsidiary L-3 Communications (L-3). The Company operates through three segments: Electronic Systems, which provides a range of products and services, including components, products, subsystems, systems and related services to military and commercial customers; Aerospace Systems, which provides products and services for the Intelligence, Surveillance and Reconnaissance (ISR) market, specializing in signals intelligence (SIGINT) and multi-intelligence platforms, and Communication Systems, which provides network and communication systems, secure communications products, radio frequency components, satellite communication terminals, and space, microwave and telemetry products.

5 Day Chart for NYSE:LLL

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