Stephens Inc. AR bought a new position in shares of L-3 Communications Holdings, Inc. (NYSE:LLL) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 11,655 shares of the aerospace company’s stock, valued at approximately $2,196,000.
Several other hedge funds have also recently added to or reduced their stakes in the company. Fox Run Management L.L.C. acquired a new position in shares of L-3 Communications during the second quarter worth $200,000. Bank of Montreal Can grew its stake in shares of L-3 Communications by 32.2% during the second quarter. Bank of Montreal Can now owns 22,594 shares of the aerospace company’s stock worth $3,776,000 after purchasing an additional 5,498 shares in the last quarter. Creative Planning grew its stake in shares of L-3 Communications by 6.0% during the second quarter. Creative Planning now owns 3,583 shares of the aerospace company’s stock worth $599,000 after purchasing an additional 203 shares in the last quarter. LS Investment Advisors LLC grew its stake in shares of L-3 Communications by 6.5% during the second quarter. LS Investment Advisors LLC now owns 2,443 shares of the aerospace company’s stock worth $408,000 after purchasing an additional 150 shares in the last quarter. Finally, Aperio Group LLC grew its stake in shares of L-3 Communications by 10.3% during the second quarter. Aperio Group LLC now owns 26,353 shares of the aerospace company’s stock worth $4,403,000 after purchasing an additional 2,467 shares in the last quarter. 78.79% of the stock is currently owned by hedge funds and other institutional investors.
In other L-3 Communications news, insider Michael T. Strianese sold 22,547 shares of L-3 Communications 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. In the last 90 days, insiders have sold 67,639 shares of company stock worth $12,818,253. 2.90% of the stock is owned by company insiders.
Several equities analysts have issued reports on LLL shares. Stifel Nicolaus upped their price objective on shares of L-3 Communications from $195.00 to $205.00 and gave the company a “hold” rating in a research note on Friday, October 27th. Zacks Investment Research upgraded shares of L-3 Communications from a “hold” rating to a “buy” rating and set a $210.00 price objective for the company in a research note on Monday, October 2nd. Bank of America upped their price objective on shares of L-3 Communications from $185.00 to $205.00 and gave the company a “neutral” rating in a research note on Tuesday, October 10th. Royal Bank Of Canada reiterated a “hold” rating on shares of L-3 Communications in a research note on Sunday, October 8th. Finally, SunTrust Banks started coverage on shares of L-3 Communications in a research note on Monday, November 20th. They set a “buy” rating for the company. Seven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $198.36.
Shares of L-3 Communications Holdings, Inc. (NYSE:LLL) traded down $1.02 during trading on Thursday, reaching $193.62. 956,647 shares of the company’s stock were exchanged, compared to its average volume of 554,810. L-3 Communications Holdings, Inc. has a 12 month low of $143.54 and a 12 month high of $199.97. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.62 and a current ratio of 1.80. The stock has a market capitalization of $15,241.63, a PE ratio of 22.63, a PEG ratio of 3.88 and a beta of 1.19.
L-3 Communications (NYSE:LLL) last released its quarterly earnings results on Thursday, October 26th. The aerospace company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.93 by $0.03. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.68 billion. L-3 Communications had a net margin of 5.22% and a return on equity of 14.00%. The company’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.88 earnings per share. research analysts predict that L-3 Communications Holdings, Inc. will post 8.92 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $3.00 dividend on an annualized basis and a yield of 1.55%. L-3 Communications’s dividend payout ratio (DPR) is currently 41.27%.
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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.
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