L-3 Communications Holdings, Inc. (LLL) Shares Bought by Stifel Financial Corp
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.
ILLEGAL ACTIVITY NOTICE: This piece was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of United States & international copyright law. The correct version of this piece can be read at https://www.thecerbatgem.com/2017/10/03/l-3-communications-holdings-inc-lll-shares-bought-by-stifel-financial-corp.html.
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.
Receive News & Stock Ratings for L-3 Communications Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for L-3 Communications Holdings Inc. and related stocks with our FREE daily email newsletter.