State Treasurer State of Michigan raised its stake in L-3 Communications Holdings Inc. (NYSE:LLL) by 0.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,976 shares of the company’s stock after buying an additional 200 shares during the period. State Treasurer State of Michigan’s holdings in L-3 Communications Holdings were worth $4,066,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Nisa Investment Advisors LLC raised 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 during the last quarter. Fragasso Group Inc. raised 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 during the last quarter. Creative Planning raised 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 during the last quarter. Chevy Chase Trust Holdings Inc. raised 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 during the last quarter. Finally, CT Mason raised its position in shares of L-3 Communications Holdings by 2.8% in the second quarter. CT Mason now owns 14,260 shares of the company’s stock valued at $2,092,000 after buying an additional 384 shares during the last quarter. 79.19% of the stock is owned by institutional investors.

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

Shares of L-3 Communications Holdings Inc. (NYSE:LLL) traded up 0.10% during trading on Monday, hitting $156.52. The company had a trading volume of 488,170 shares. The company has a market capitalization of $12.10 billion, a P/E ratio of 34.77 and a beta of 1.05. The stock’s 50-day moving average price is $146.73 and its 200 day moving average price is $146.43. L-3 Communications Holdings Inc. has a 52 week low of $105.88 and a 52 week high of $157.14.

L-3 Communications Holdings (NYSE:LLL) last issued its quarterly earnings data on Thursday, October 27th. The company reported $1.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.82 by $0.06. The business had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.54 billion. L-3 Communications Holdings had a return on equity of 13.90% and a net margin of 3.43%. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.09 EPS. On average, equities research analysts forecast 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. Stockholders of record on Thursday, November 17th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, November 15th. This represents a $2.80 annualized dividend and a dividend yield of 1.79%. L-3 Communications Holdings’s dividend payout ratio (DPR) is 61.95%.

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

L-3 Communications Holdings Company Profile

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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