Meridian Investment Counsel Inc. maintained its position in shares of L-3 Communications Holdings, Inc. (NYSE:LLL) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,500 shares of the aerospace company’s stock at the close of the 2nd quarter. Meridian Investment Counsel Inc.’s holdings in L-3 Communications Holdings were worth $585,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. Picton Mahoney Asset Management raised its holdings in L-3 Communications Holdings by 1.6% during the 2nd quarter. Picton Mahoney Asset Management now owns 37,548 shares of the aerospace company’s stock valued at $6,274,000 after buying an additional 600 shares during the period. Tudor Investment Corp ET AL bought a new position in shares of L-3 Communications Holdings during the 2nd quarter worth $3,209,000. HighTower Advisors LLC grew its position in shares of L-3 Communications Holdings by 15.3% during the 2nd quarter. HighTower Advisors LLC now owns 46,920 shares of the aerospace company’s stock worth $7,872,000 after buying an additional 6,229 shares in the last quarter. First Allied Advisory Services Inc. grew its position in shares of L-3 Communications Holdings by 0.3% during the 2nd quarter. First Allied Advisory Services Inc. now owns 3,412 shares of the aerospace company’s stock worth $586,000 after buying an additional 9 shares in the last quarter. Finally, Balyasny Asset Management LLC grew its position in shares of L-3 Communications Holdings by 952.0% during the 2nd quarter. Balyasny Asset Management LLC now owns 46,582 shares of the aerospace company’s stock worth $7,783,000 after buying an additional 42,154 shares in the last quarter. Institutional investors own 79.08% of the company’s stock.

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In related news, insider Ralph Dambrosio sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $180.23, for a total value of $901,150.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michael T. Strianese sold 22,547 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $173.49, for a total value of $3,911,679.03. The disclosure for this sale can be found here. In the last 90 days, insiders sold 75,622 shares of company stock worth $13,269,992. Insiders own 2.90% of the company’s stock.

Shares of L-3 Communications Holdings, Inc. (LLL) traded up 0.29% during mid-day trading on Friday, reaching $188.43. The company’s stock had a trading volume of 300,616 shares. The company has a market capitalization of $14.66 billion, a price-to-earnings ratio of 20.92 and a beta of 1.15. The company’s 50 day moving average price is $181.04 and its 200-day moving average price is $171.55. L-3 Communications Holdings, Inc. has a 1-year low of $132.38 and a 1-year high of $191.25.

L-3 Communications Holdings (NYSE:LLL) last issued its earnings results on Thursday, July 27th. The aerospace company reported $2.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.88 EPS. Analysts predict that L-3 Communications Holdings, Inc. will post $8.88 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 17th were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date was Tuesday, August 15th. L-3 Communications Holdings’s dividend payout ratio is currently 33.82%.

A number of equities analysts have recently issued reports on LLL shares. Stifel Nicolaus reissued a “hold” rating and set a $175.00 price target (up previously from $170.00) on shares of L-3 Communications Holdings in a research report on Sunday, July 30th. Cowen and Company reissued a “buy” rating and set a $185.00 price target on shares of L-3 Communications Holdings in a research report on Thursday, July 20th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $182.00 price objective on shares of L-3 Communications Holdings in a research report on Friday, September 1st. Zacks Investment Research downgraded L-3 Communications Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Finally, BidaskClub upgraded L-3 Communications Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $182.91.

About L-3 Communications Holdings

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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