Mutual of America Capital Management LLC boosted its stake in shares of L-3 Communications Holdings, Inc. (NYSE:LLL) by 3.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 42,745 shares of the aerospace company’s stock after purchasing an additional 1,282 shares during the period. Mutual of America Capital Management LLC owned approximately 0.05% of L-3 Communications Holdings worth $8,054,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in L-3 Communications Holdings by 5.3% during the 2nd quarter. Vanguard Group Inc. now owns 8,556,292 shares of the aerospace company’s stock worth $1,429,586,000 after purchasing an additional 431,776 shares during the last quarter. BlackRock Inc. grew its position in L-3 Communications Holdings by 5.8% during the 2nd quarter. BlackRock Inc. now owns 5,734,197 shares of the aerospace company’s stock worth $958,069,000 after purchasing an additional 313,761 shares during the last quarter. Boston Partners grew its position in L-3 Communications Holdings by 80.6% during the 2nd quarter. Boston Partners now owns 2,114,987 shares of the aerospace company’s stock worth $353,372,000 after purchasing an additional 944,150 shares during the last quarter. Dimensional Fund Advisors LP grew its position in L-3 Communications Holdings by 3.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 941,274 shares of the aerospace company’s stock worth $157,265,000 after purchasing an additional 27,812 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in L-3 Communications Holdings by 2.6% during the 2nd quarter. Wells Fargo & Company MN now owns 882,098 shares of the aerospace company’s stock worth $147,381,000 after purchasing an additional 22,463 shares during the last quarter. 79.08% of the stock is currently owned by institutional investors.

L-3 Communications Holdings, Inc. (LLL) traded up 0.99% during mid-day trading on Friday, hitting $189.42. 460,291 shares of the stock traded hands. The company has a 50 day moving average of $186.95 and a 200-day moving average of $174.87. The stock has a market cap of $14.82 billion, a PE ratio of 21.35 and a beta of 1.15. L-3 Communications Holdings, Inc. has a 12-month low of $132.38 and a 12-month high of $192.00.

L-3 Communications Holdings (NYSE:LLL) last posted its quarterly earnings data on Thursday, July 27th. The aerospace company reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same period last year, the firm posted $1.88 EPS. L-3 Communications Holdings’s quarterly revenue was up 2.6% on a year-over-year basis. Equities research analysts forecast that L-3 Communications Holdings, Inc. will post $8.72 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be given a $0.75 dividend. The ex-dividend date is Thursday, November 16th. This represents a $3.00 dividend on an annualized basis and a yield of 1.58%. L-3 Communications Holdings’s dividend payout ratio (DPR) is 33.82%.

LLL has been the topic of several research analyst reports. Royal Bank Of Canada reissued a “hold” rating and set a $182.00 target price on shares of L-3 Communications Holdings in a research report on Friday, September 1st. Cowen and Company reissued a “buy” rating and set a $185.00 target price on shares of L-3 Communications Holdings in a research report on Thursday, July 20th. Deutsche Bank AG reissued a “buy” rating and set a $205.00 target price (up previously from $190.00) on shares of L-3 Communications Holdings in a research report on Monday, October 2nd. ValuEngine raised shares of L-3 Communications Holdings from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research raised shares of L-3 Communications Holdings from a “hold” rating to a “buy” rating and set a $210.00 target price on the stock in a research report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $192.50.

In related news, insider Michael T. Strianese sold 22,547 shares of L-3 Communications Holdings stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $173.49, for a total value of $3,911,679.03. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Ralph Dambrosio sold 5,000 shares of L-3 Communications Holdings stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $180.23, for a total transaction of $901,150.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 75,622 shares of company stock worth $13,649,909. 2.90% of the stock is currently owned by insiders.

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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.

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

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