Bank of New York Mellon Corp cut its position in shares of L-3 Communications Holdings Inc. (NYSE:LLL) by 0.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,465,295 shares of the company’s stock after selling 2,634 shares during the period. Bank of New York Mellon Corp owned about 1.90% of L-3 Communications Holdings worth $220,863,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. Investment Counsel Inc. increased its stake in shares of L-3 Communications Holdings by 3.8% in the second quarter. Investment Counsel Inc. now owns 2,703 shares of the company’s stock worth $397,000 after buying an additional 99 shares in the last quarter. Wendell David Associates Inc. acquired a new stake in L-3 Communications Holdings during the second quarter worth $224,000. Nisa Investment Advisors LLC increased its stake in 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 worth $4,851,000 after buying an additional 520 shares during the period. Fragasso Group Inc. increased its stake in L-3 Communications Holdings by 1.5% in the second quarter. Fragasso Group Inc. now owns 10,822 shares of the company’s stock worth $1,587,000 after buying an additional 163 shares during the period. Finally, Creative Planning increased its stake in L-3 Communications Holdings by 56.4% in the second quarter. Creative Planning now owns 2,171 shares of the company’s stock worth $318,000 after buying an additional 783 shares during the period. Institutional investors own 79.19% of the company’s stock.

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

Shares of L-3 Communications Holdings Inc. (NYSE:LLL) opened at 157.77 on Thursday. The stock has a 50 day moving average of $146.87 and a 200 day moving average of $146.72. The stock has a market cap of $12.20 billion, a PE ratio of 35.04 and a beta of 1.05. L-3 Communications Holdings Inc. has a 12 month low of $105.88 and a 12 month high of $159.66.

L-3 Communications Holdings (NYSE:LLL) last issued its earnings results on Thursday, October 27th. The company reported $1.88 EPS for the quarter, beating the Zacks’ consensus estimate of $1.82 by $0.06. The business earned $2.50 billion during the quarter, compared to analysts’ expectations of $2.54 billion. L-3 Communications Holdings had a net margin of 3.43% and a return on equity of 13.90%. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.09 earnings per share. On average, equities analysts anticipate that L-3 Communications Holdings Inc. will post $7.95 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, November 17th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.77%. The ex-dividend date is Tuesday, November 15th. L-3 Communications Holdings’s payout ratio is currently 61.95%.

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A number of analysts have recently weighed in on LLL shares. Cowen and Company upgraded shares of L-3 Communications Holdings from a “market perform” rating to an “outperform” rating and set a $160.00 target price on the stock in a report on Friday, October 28th. Vertical Research started coverage on shares of L-3 Communications Holdings in a report on Friday, October 28th. They issued a “hold” rating on the stock. Vertical Group started coverage on shares of L-3 Communications Holdings in a report on Friday, October 28th. They issued a “hold” rating on the stock. Robert W. Baird started coverage on shares of L-3 Communications Holdings in a report on Wednesday, October 5th. They issued an “outperform” rating and a $184.00 target price on the stock. Finally, JPMorgan Chase & Co. upgraded shares of L-3 Communications Holdings from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $158.00 to $182.00 in a report on Thursday, August 25th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. L-3 Communications Holdings presently has an average rating of “Buy” and a consensus target price 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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