LSV Asset Management held its stake in L-3 Communications Holdings, Inc. (NYSE:LLL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,300 shares of the aerospace company’s stock at the end of the second quarter. LSV Asset Management’s holdings in L-3 Communications Holdings were worth $2,222,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Guyasuta Investment Advisors Inc. raised its position in shares of L-3 Communications Holdings by 0.8% in the 2nd quarter. Guyasuta Investment Advisors Inc. now owns 142,593 shares of the aerospace company’s stock valued at $23,825,000 after purchasing an additional 1,199 shares in the last quarter. Blue Rock Advisors LLC acquired a new position in shares of L-3 Communications Holdings in the 2nd quarter valued at approximately $1,583,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of L-3 Communications Holdings by 0.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,786 shares of the aerospace company’s stock valued at $967,000 after purchasing an additional 15 shares in the last quarter. Cipher Capital LP raised its position in shares of L-3 Communications Holdings by 174.5% in the 2nd quarter. Cipher Capital LP now owns 22,581 shares of the aerospace company’s stock valued at $3,773,000 after purchasing an additional 14,356 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. raised its position in shares of L-3 Communications Holdings by 103.1% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 654 shares of the aerospace company’s stock valued at $109,000 after purchasing an additional 332 shares in the last quarter. 79.08% of the stock is currently owned by institutional investors.

L-3 Communications Holdings, Inc. (NYSE LLL) opened at 189.51 on Thursday. The company has a market cap of $14.82 billion, a PE ratio of 21.36 and a beta of 1.15. L-3 Communications Holdings, Inc. has a 1-year low of $132.38 and a 1-year high of $189.86. The stock has a 50 day moving average price of $181.04 and a 200 day moving average price of $171.55.

L-3 Communications Holdings (NYSE:LLL) last posted its earnings results on Thursday, July 27th. The aerospace company reported $2.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.03 by $0.18. The business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.70 billion. L-3 Communications Holdings had a return on equity of 14.15% and a net margin of 6.44%. L-3 Communications Holdings’s revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the company earned $1.88 EPS. Equities analysts forecast that L-3 Communications Holdings, Inc. will post $8.88 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 17th were given a dividend of $0.75 per share. The ex-dividend date was Tuesday, August 15th. This represents a $3.00 annualized dividend and a dividend yield of 1.58%. L-3 Communications Holdings’s dividend payout ratio (DPR) is presently 33.82%.

In other L-3 Communications Holdings news, insider Michael T. Strianese sold 22,547 shares of L-3 Communications Holdings stock in a transaction on Friday, September 1st. The stock was sold at an average price of $182.05, for a total value of $4,104,681.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Claude R. Canizares sold 2,981 shares of L-3 Communications Holdings stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $181.68, for a total value of $541,588.08. The disclosure for this sale can be found here. Insiders have sold a total of 75,622 shares of company stock valued at $13,269,992 in the last 90 days. 2.90% of the stock is owned by corporate insiders.

A number of brokerages have issued reports on LLL. Cowen and Company reaffirmed a “buy” rating and issued a $190.00 target price on shares of L-3 Communications Holdings in a research report on Monday. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $182.00 target price on shares of L-3 Communications Holdings in a research report on Friday, September 1st. ValuEngine raised L-3 Communications Holdings from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Drexel Hamilton raised L-3 Communications Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Finally, 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, July 30th. Nine analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $182.91.

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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.

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

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