Teacher Retirement System of Texas reduced its stake in shares of L-3 Communications Holdings, Inc. (NYSE:LLL) by 8.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 254,258 shares of the aerospace company’s stock after selling 22,305 shares during the period. Teacher Retirement System of Texas owned approximately 0.33% of L-3 Communications Holdings worth $47,910,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Rhumbline Advisers grew its position in L-3 Communications Holdings by 2.5% during the 3rd quarter. Rhumbline Advisers now owns 135,069 shares of the aerospace company’s stock worth $25,451,000 after purchasing an additional 3,249 shares during the period. Advisor Group Inc. grew its position in shares of L-3 Communications Holdings by 12.5% during the 3rd quarter. Advisor Group Inc. now owns 16,710 shares of the aerospace company’s stock valued at $3,148,000 after acquiring an additional 1,863 shares during the period. Moody Lynn & Lieberson LLC acquired a new stake in shares of L-3 Communications Holdings during the 3rd quarter valued at about $3,691,000. Los Angeles Capital Management & Equity Research Inc. grew its position in shares of L-3 Communications Holdings by 2.7% during the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 133,982 shares of the aerospace company’s stock valued at $25,246,000 after acquiring an additional 3,545 shares during the period. Finally, Toronto Dominion Bank grew its position in shares of L-3 Communications Holdings by 12.4% during the 3rd quarter. Toronto Dominion Bank now owns 29,657 shares of the aerospace company’s stock valued at $5,587,000 after acquiring an additional 3,278 shares during the period. 79.93% of the stock is currently owned by institutional investors.

L-3 Communications Holdings, Inc. (LLL) traded down $0.54 during mid-day trading on Monday, hitting $184.22. 354,800 shares of the stock traded hands, compared to its average volume of 548,934. The stock has a market cap of $14,480.00, a price-to-earnings ratio of 21.37, a PEG ratio of 3.48 and a beta of 1.17. The company has a current ratio of 1.80, a quick ratio of 1.62 and a debt-to-equity ratio of 0.66. L-3 Communications Holdings, Inc. has a 1 year low of $143.54 and a 1 year high of $192.00.

L-3 Communications Holdings (NYSE:LLL) last posted its earnings results on Thursday, October 26th. The aerospace company reported $1.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.93 by $0.03. L-3 Communications Holdings had a net margin of 5.22% and a return on equity of 14.00%. The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.68 billion. During the same quarter last year, the firm earned $1.88 EPS. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. sell-side analysts forecast that L-3 Communications Holdings, Inc. will post 8.92 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be issued a $0.75 dividend. The ex-dividend date is Thursday, November 16th. This represents a $3.00 annualized dividend and a yield of 1.63%. L-3 Communications Holdings’s dividend payout ratio (DPR) is presently 41.27%.

COPYRIGHT VIOLATION NOTICE: This story was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another domain, it was illegally stolen and republished in violation of international trademark & copyright legislation. The original version of this story can be viewed at https://www.thecerbatgem.com/2017/11/13/teacher-retirement-system-of-texas-has-47-91-million-holdings-in-l-3-communications-holdings-inc-lll.html.

In related news, Director Claude R. Canizares sold 2,981 shares of L-3 Communications Holdings stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $181.68, for a total value of $541,588.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael T. Strianese sold 22,547 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $186.40, for a total transaction of $4,202,760.80. The disclosure for this sale can be found here. Insiders sold a total of 75,622 shares of company stock valued at $13,940,991 in the last quarter. 2.90% of the stock is owned by insiders.

A number of research firms have recently commented on LLL. ValuEngine cut L-3 Communications Holdings from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Cowen and Company restated a “buy” rating and set a $200.00 target price (up from $190.00) on shares of L-3 Communications Holdings in a research report on Tuesday, October 3rd. Royal Bank Of Canada reaffirmed a “hold” rating on shares of L-3 Communications Holdings in a research note on Sunday, October 8th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $205.00 price target (up from $190.00) on shares of L-3 Communications Holdings in a research note on Monday, October 2nd. Finally, Zacks Investment Research raised shares of L-3 Communications Holdings from a “hold” rating to a “buy” rating and set a $210.00 price target on the stock in a research note on Monday, October 2nd. Eight research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. L-3 Communications Holdings currently has an average rating of “Hold” and a consensus target price of $195.50.

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)

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.