WINTON GROUP Ltd raised its position in shares of L-3 Communications Holdings, Inc. (NYSE:LLL) by 27.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,354 shares of the aerospace company’s stock after acquiring an additional 3,502 shares during the quarter. WINTON GROUP Ltd’s holdings in L-3 Communications Holdings were worth $2,732,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Acrospire Investment Management LLC acquired a new stake in shares of L-3 Communications Holdings in the second quarter valued at approximately $100,000. Bronfman E.L. Rothschild L.P. increased its stake in L-3 Communications Holdings by 103.1% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 654 shares of the aerospace company’s stock worth $109,000 after acquiring an additional 332 shares during the last quarter. FNY Partners Fund LP acquired a new stake in L-3 Communications Holdings during the first quarter worth $115,000. FNY Managed Accounts LLC acquired a new stake in L-3 Communications Holdings during the first quarter worth $141,000. Finally, San Francisco Sentry Investment Group CA acquired a new stake in L-3 Communications Holdings during the second quarter worth $171,000. 79.05% of the stock is owned by institutional investors and hedge funds.
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L-3 Communications Holdings, Inc. (LLL) traded up 2.72% during midday trading on Friday, reaching $190.50. 193,123 shares of the company traded hands. The firm has a market capitalization of $14.90 billion, a price-to-earnings ratio of 21.47 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. The firm’s 50 day moving average price is $187.34 and its 200 day moving average price is $175.48.
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 (EPS) for the quarter, topping the consensus estimate of $1.93 by $0.03. The firm had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.68 billion. L-3 Communications Holdings had a net margin of 6.44% and a return on equity of 14.15%. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.88 EPS. On average, analysts expect 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. Shareholders of record on Friday, November 17th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date is Thursday, November 16th. L-3 Communications Holdings’s dividend payout ratio is 33.82%.
In related news, insider Ralph Dambrosio sold 5,000 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $180.23, for a total value of $901,150.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michael T. Strianese sold 22,547 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $173.49, for a total value of $3,911,679.03. The disclosure for this sale can be found here. Insiders have sold a total of 75,622 shares of company stock worth $13,649,909 over the last ninety days. Insiders own 2.90% of the company’s stock.
Several research firms have issued reports on LLL. Cowen and Company reissued a “buy” rating and set a $190.00 target price on shares of L-3 Communications Holdings in a research note on Monday, August 14th. Jefferies Group LLC restated a “hold” rating and set a $175.00 price target on shares of L-3 Communications Holdings in a research report on Sunday, July 30th. Goldman Sachs Group, Inc. (The) upgraded L-3 Communications Holdings from a “buy” rating to a “conviction-buy” rating and lifted their target price for the company from $195.00 to $204.00 in a report on Monday, August 7th. Stifel Nicolaus raised their price target on L-3 Communications Holdings from $195.00 to $205.00 and gave the company a “hold” rating in a research note on Friday. Finally, ValuEngine cut L-3 Communications Holdings from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target 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.
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