Rhumbline Advisers boosted its holdings in shares of L-3 Communications Holdings, Inc. (NYSE:LLL) by 2.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 135,069 shares of the aerospace company’s stock after purchasing an additional 3,249 shares during the quarter. Rhumbline Advisers owned about 0.17% of L-3 Communications Holdings worth $25,451,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Advisor Group Inc. boosted its stake in 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 purchasing an additional 1,863 shares during the period. Moody Lynn & Lieberson LLC bought a new stake in L-3 Communications Holdings during the 3rd quarter valued at approximately $3,691,000. Los Angeles Capital Management & Equity Research Inc. boosted its stake in 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 purchasing an additional 3,545 shares during the period. Toronto Dominion Bank boosted its stake in 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 purchasing an additional 3,278 shares during the period. Finally, New York State Common Retirement Fund boosted its stake in L-3 Communications Holdings by 1.8% during the 3rd quarter. New York State Common Retirement Fund now owns 174,300 shares of the aerospace company’s stock valued at $32,843,000 after purchasing an additional 3,000 shares during the period. Hedge funds and other institutional investors own 79.93% of the company’s stock.

Shares of L-3 Communications Holdings, Inc. (NYSE LLL) opened at $184.39 on Friday. L-3 Communications Holdings, Inc. has a twelve month low of $143.54 and a twelve month high of $192.00. The firm has a market capitalization of $14,408.60, a price-to-earnings ratio of 21.39, a P/E/G ratio of 3.48 and a beta of 1.18. 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 (NYSE:LLL) last released its quarterly earnings results on Thursday, October 26th. The aerospace company reported $1.96 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.93 by $0.03. L-3 Communications Holdings had a return on equity of 14.00% and a net margin of 5.22%. The firm had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.68 billion. During the same period last year, the firm posted $1.88 EPS. The business’s revenue was up 5.6% on a year-over-year basis. equities analysts anticipate that L-3 Communications Holdings, Inc. will post 8.92 earnings per share for the current fiscal year.

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

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A number of analysts have commented on the company. Goldman Sachs Group, Inc. (The) upgraded L-3 Communications Holdings from a “buy” rating to a “conviction-buy” rating and raised their price objective for the stock from $195.00 to $204.00 in a research report on Monday, August 7th. Cowen and Company reiterated a “buy” rating and issued a $190.00 price objective on shares of L-3 Communications Holdings in a research report on Monday, August 14th. Drexel Hamilton upgraded L-3 Communications Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Zacks Investment Research downgraded L-3 Communications Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $175.00 price objective (up previously from $170.00) on shares of L-3 Communications Holdings in a research report on Sunday, July 30th. Eight equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $197.50.

In other news, insider Ralph Dambrosio sold 5,000 shares of L-3 Communications Holdings stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $180.23, for a total value of $901,150.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael T. Strianese sold 22,547 shares of L-3 Communications Holdings stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $185.87, for a total value of $4,190,810.89. 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 over the last ninety days. Insiders own 2.90% of the company’s stock.

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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