Louisiana State Employees Retirement System held its stake in shares of L-3 Communications Holdings, Inc. (NYSE:LLL) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 4,800 shares of the aerospace company’s stock at the end of the second quarter. Louisiana State Employees Retirement System’s holdings in L-3 Communications Holdings were worth $802,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Regentatlantic Capital LLC purchased a new stake in shares of L-3 Communications Holdings during the first quarter worth $8,010,000. Bank of Montreal Can raised its stake in shares of L-3 Communications Holdings by 7.5% in the first quarter. Bank of Montreal Can now owns 17,096 shares of the aerospace company’s stock worth $2,827,000 after buying an additional 1,198 shares during the last quarter. National Pension Service purchased a new stake in shares of L-3 Communications Holdings during the first quarter worth $11,926,000. Gulf International Bank UK Ltd raised its stake in shares of L-3 Communications Holdings by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 24,598 shares of the aerospace company’s stock worth $4,065,000 after buying an additional 300 shares during the last quarter. Finally, Creative Planning purchased a new stake in shares of L-3 Communications Holdings during the first quarter worth $559,000. Institutional investors and hedge funds own 81.89% of the company’s stock.

Shares of L-3 Communications Holdings, Inc. (NYSE:LLL) traded down 0.7909% on Thursday, reaching $173.5862. 206,822 shares of the company’s stock traded hands. L-3 Communications Holdings, Inc. has a 52 week low of $132.38 and a 52 week high of $180.73. The stock has a market capitalization of $13.58 billion, a PE ratio of 19.5678 and a beta of 1.15. The company has a 50 day moving average of $170.97 and a 200-day moving average of $166.60.

L-3 Communications Holdings (NYSE:LLL) last posted its quarterly earnings results on Thursday, July 27th. The aerospace company reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.18. The firm had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.70 billion. L-3 Communications Holdings had a net margin of 6.44% and a return on equity of 14.15%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.88 earnings per share. Equities research analysts forecast that L-3 Communications Holdings, Inc. will post $8.75 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 17th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.71%. L-3 Communications Holdings’s dividend payout ratio (DPR) is 33.82%.

L-3 Communications Holdings announced that its Board of Directors has authorized a share buyback program on Tuesday, May 9th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the aerospace company to repurchase up to 11.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its shares are undervalued.

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A number of research firms recently commented on LLL. Jefferies Group LLC reaffirmed a “hold” rating and issued a $175.00 target price on shares of L-3 Communications Holdings in a research report on Sunday. Stifel Nicolaus reaffirmed a “hold” rating and issued a $175.00 target price (up from $170.00) on shares of L-3 Communications Holdings in a research report on Sunday. Zacks Investment Research downgraded shares of L-3 Communications Holdings from a “buy” rating to a “hold” rating in a research report on Thursday. Cowen and Company reaffirmed a “buy” rating and issued a $185.00 target price on shares of L-3 Communications Holdings in a research report on Thursday, July 20th. Finally, Barclays PLC downgraded shares of L-3 Communications Holdings from an “overweight” rating to an “equal weight” rating and increased their target price for the company from $165.00 to $175.00 in a research report on Monday, May 1st. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. L-3 Communications Holdings presently has an average rating of “Hold” and an average price target of $180.09.

In other L-3 Communications Holdings news, insider Michael T. Strianese sold 22,547 shares of the stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $168.04, for a total transaction of $3,788,797.88. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have sold 67,641 shares of company stock worth $11,511,371 over the last three months. 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.

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

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