Municipal Employees Retirement System of Michigan trimmed its position in shares of L-3 Communications Holdings, Inc. (NYSE:LLL) by 5.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,710 shares of the aerospace company’s stock after selling 460 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in L-3 Communications Holdings were worth $1,453,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Guyasuta Investment Advisors Inc. raised its position in shares of L-3 Communications Holdings by 0.8% during the second quarter. Guyasuta Investment Advisors Inc. now owns 142,593 shares of the aerospace company’s stock worth $23,825,000 after purchasing an additional 1,199 shares during the period. Commonwealth Bank of Australia raised its position in shares of L-3 Communications Holdings by 7,891.7% during the second quarter. Commonwealth Bank of Australia now owns 3,836 shares of the aerospace company’s stock worth $639,000 after purchasing an additional 3,788 shares during the period. Wells Fargo & Company MN raised its position in shares of L-3 Communications Holdings by 2.6% during the second 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 period. Aberdeen Asset Management PLC UK raised its position in shares of L-3 Communications Holdings by 103.8% during the second quarter. Aberdeen Asset Management PLC UK now owns 171,201 shares of the aerospace company’s stock worth $28,605,000 after purchasing an additional 87,195 shares during the period. Finally, Royal Bank of Canada grew its holdings in L-3 Communications Holdings by 102.8% during the second quarter. Royal Bank of Canada now owns 58,870 shares of the aerospace company’s stock worth $9,836,000 after buying an additional 29,845 shares in the last quarter. 79.93% of the stock is currently owned by institutional investors.

In other news, insider Ralph Dambrosio sold 5,000 shares of the stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $180.23, for a total transaction of $901,150.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael T. Strianese sold 22,547 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $186.40, for a total value of $4,202,760.80. The disclosure for this sale can be found here. Insiders have sold a total of 72,641 shares of company stock valued at $13,399,403 in the last quarter. 2.90% of the stock is owned by corporate insiders.

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LLL has been the subject of several recent research reports. Cowen and Company reiterated a “buy” rating and set a $200.00 price target (up previously from $190.00) on shares of L-3 Communications Holdings in a report on Tuesday, October 3rd. Deutsche Bank AG reiterated a “buy” rating and set a $205.00 price target (up previously from $190.00) on shares of L-3 Communications Holdings in a report on Monday, October 2nd. 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 report on Monday, October 2nd. ValuEngine upgraded L-3 Communications Holdings from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Drexel Hamilton upgraded L-3 Communications Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Eight equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $197.50.

L-3 Communications Holdings, Inc. (LLL) opened at $184.39 on Friday. The stock has a market capitalization of $14,470.00, a price-to-earnings ratio of 21.43, a price-to-earnings-growth ratio of 3.49 and a beta of 1.17. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.80 and a quick ratio of 1.62. L-3 Communications Holdings, Inc. has a 12 month low of $143.54 and a 12 month high of $192.00.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $3.00 annualized dividend and a dividend yield of 1.63%. L-3 Communications Holdings’s payout ratio is 41.27%.

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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