Stifel Financial Corp increased its stake in shares of L-3 Communications Holdings, Inc. (NYSE:LLL) by 23.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 61,581 shares of the aerospace company’s stock after purchasing an additional 11,824 shares during the period. Stifel Financial Corp owned approximately 0.08% of L-3 Communications Holdings worth $10,301,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Acrospire Investment Management LLC purchased a new stake in L-3 Communications Holdings in the second quarter worth approximately $100,000. Parallel Advisors LLC lifted its holdings in shares of L-3 Communications Holdings by 4.6% during the 1st quarter. Parallel Advisors LLC now owns 614 shares of the aerospace company’s stock valued at $103,000 after buying an additional 27 shares during the period. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of L-3 Communications Holdings by 103.1% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 654 shares of the aerospace company’s stock valued at $109,000 after buying an additional 332 shares during the period. FNY Partners Fund LP bought a new position in shares of L-3 Communications Holdings during the 1st quarter valued at $115,000. Finally, FNY Managed Accounts LLC bought a new position in shares of L-3 Communications Holdings during the 1st quarter valued at $141,000. 79.08% of the stock is owned by hedge funds and other institutional investors.

L-3 Communications Holdings, Inc. (NYSE LLL) opened at 191.55 on Tuesday. L-3 Communications Holdings, Inc. has a 12 month low of $132.38 and a 12 month high of $191.60. The stock has a 50 day moving average price of $183.90 and a 200 day moving average price of $172.85. The stock has a market capitalization of $14.98 billion, a P/E ratio of 21.59 and a beta of 1.15.

L-3 Communications Holdings (NYSE:LLL) last released its quarterly earnings results on Thursday, July 27th. The aerospace company reported $2.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.03 by $0.18. L-3 Communications Holdings had a net margin of 6.44% and a return on equity of 14.15%. The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same quarter last year, the business earned $1.88 earnings per share. The firm’s revenue was up 2.6% on a year-over-year basis. Equities analysts predict that L-3 Communications Holdings, Inc. will post $8.89 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 17th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date was Tuesday, August 15th. L-3 Communications Holdings’s dividend payout ratio (DPR) is presently 33.82%.

Several analysts recently commented on the company. Cowen and Company reaffirmed a “buy” rating and issued a $185.00 price objective on shares of L-3 Communications Holdings in a report on Thursday, July 20th. Zacks Investment Research upgraded L-3 Communications Holdings from a “hold” rating to a “buy” rating and set a $210.00 price target for the company in a research note on Monday. ValuEngine raised shares of L-3 Communications Holdings from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Drexel Hamilton upgraded shares of L-3 Communications Holdings from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $205.00 price objective (up previously from $190.00) on shares of L-3 Communications Holdings in a report on Monday. Nine analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $186.36.

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In other L-3 Communications Holdings news, insider Michael T. Strianese sold 22,547 shares of the firm’s stock in a transaction that occurred 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 document filed with the SEC, which is available through this hyperlink. Also, insider Ralph Dambrosio sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $180.23, for a total value of $901,150.00. The disclosure for this sale can be found here. Insiders have sold a total of 53,075 shares of company stock worth $9,459,098 over the last 90 days. Insiders own 2.90% of the company’s stock.

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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