Allianz Asset Management GmbH boosted its holdings in shares of L-3 Communications Holdings, Inc. (NYSE:LLL) by 1,157.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,030 shares of the aerospace company’s stock after acquiring an additional 42,368 shares during the period. Allianz Asset Management GmbH owned about 0.06% of L-3 Communications worth $8,673,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Guyasuta Investment Advisors Inc. grew its holdings in shares of L-3 Communications 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 buying an additional 1,199 shares in the last quarter. Commonwealth Bank of Australia grew its holdings in shares of L-3 Communications 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 buying an additional 3,788 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of L-3 Communications 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 buying an additional 22,463 shares in the last quarter. Aberdeen Asset Management PLC UK grew its holdings in shares of L-3 Communications 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 buying an additional 87,195 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of L-3 Communications 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. Institutional investors own 78.79% of the company’s stock.

Shares of L-3 Communications Holdings, Inc. (NYSE LLL) opened at $195.05 on Monday. L-3 Communications Holdings, Inc. has a twelve month low of $143.54 and a twelve month high of $199.97. The stock has a market cap of $15,245.50, a P/E ratio of 22.63, a P/E/G ratio of 3.43 and a beta of 1.19. 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 (NYSE:LLL) last released its quarterly earnings data on Thursday, October 26th. The aerospace company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $0.03. L-3 Communications had a net margin of 5.22% and a return on equity of 14.00%. The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.68 billion. During the same period in the previous year, the firm earned $1.88 earnings per share. L-3 Communications’s revenue for the quarter was up 5.6% on a year-over-year basis. equities analysts anticipate that L-3 Communications Holdings, Inc. will post 8.38 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, November 17th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $3.00 annualized dividend and a yield of 1.54%. L-3 Communications’s dividend payout ratio is currently 41.27%.

In other L-3 Communications news, insider Michael T. Strianese sold 22,547 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $186.40, for a total transaction of $4,202,760.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders have sold 67,639 shares of company stock valued at $12,818,253. 2.90% of the stock is owned by insiders.

A number of equities research analysts recently issued reports on the stock. Cowen restated a “buy” rating and issued a $210.00 target price on shares of L-3 Communications in a report on Wednesday, December 6th. Stifel Nicolaus boosted their target price on shares of L-3 Communications from $195.00 to $205.00 and gave the company a “hold” rating in a report on Friday, October 27th. ValuEngine downgraded shares of L-3 Communications from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Royal Bank of Canada restated a “hold” rating on shares of L-3 Communications in a report on Sunday, October 8th. Finally, Bank of America boosted their target price on shares of L-3 Communications from $185.00 to $205.00 and gave the company a “neutral” rating in a report on Tuesday, October 10th. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. L-3 Communications has a consensus rating of “Buy” and an average target price of $198.36.

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L-3 Communications 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 (NYSE:LLL)

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