Northwestern Mutual Wealth Management Co. Acquires 255 Shares of L-3 Communications Holdings, Inc. (LLL)

Northwestern Mutual Wealth Management Co. raised its holdings in shares of L-3 Communications Holdings, Inc. (NYSE:LLL) by 9.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 3,034 shares of the aerospace company’s stock after acquiring an additional 255 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in L-3 Communications Holdings were worth $507,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of LLL. Parallel Advisors LLC raised its position in shares of L-3 Communications Holdings by 4.6% during the 1st quarter. Parallel Advisors LLC now owns 614 shares of the aerospace company’s stock valued at $103,000 after acquiring an additional 27 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its position in shares of L-3 Communications Holdings by 103.1% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 654 shares of the aerospace company’s stock valued at $109,000 after buying an additional 332 shares in the last quarter. FNY Partners Fund LP bought a new stake in shares of L-3 Communications Holdings in the 1st quarter valued at $115,000. FNY Managed Accounts LLC bought a new stake in shares of L-3 Communications Holdings in the 1st quarter valued at $141,000. Finally, Heritage Trust Co bought a new stake in shares of L-3 Communications Holdings in the 1st quarter valued at $165,000. Institutional investors own 79.14% of the company’s stock.

A number of research firms recently commented on LLL. Goldman Sachs Group, Inc. (The) upgraded shares of L-3 Communications Holdings from a “buy” rating to a “conviction-buy” rating and upped their price objective for the company from $195.00 to $204.00 in a research report on Monday, August 7th. Cowen and Company restated 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 shares of L-3 Communications Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Zacks Investment Research cut shares of L-3 Communications Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Finally, Stifel Nicolaus restated 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. Nine equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $182.91.

In other L-3 Communications Holdings news, Chairman Michael T. Strianese sold 22,547 shares of L-3 Communications Holdings stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $169.02, for a total value of $3,810,893.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ralph Dambrosio sold 5,000 shares of L-3 Communications Holdings stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $180.23, for a total transaction of $901,150.00. The disclosure for this sale can be found here. Insiders have sold 75,622 shares of company stock valued at $13,269,992 in the last three months. 2.90% of the stock is owned by insiders.

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L-3 Communications Holdings, Inc. (NYSE LLL) opened at 185.65 on Friday. The company has a 50-day moving average of $180.32 and a 200-day moving average of $171.22. L-3 Communications Holdings, Inc. has a 52 week low of $132.38 and a 52 week high of $185.95. The firm has a market capitalization of $14.52 billion, a price-to-earnings ratio of 20.93 and a beta of 1.15.

L-3 Communications Holdings (NYSE:LLL) last announced its earnings results on Thursday, July 27th. The aerospace company reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $2.03 by $0.18. L-3 Communications Holdings had a net margin of 6.44% and a return on equity of 14.15%. The business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter last year, the firm earned $1.88 earnings per share. L-3 Communications Holdings’s quarterly revenue was up 2.6% on a year-over-year basis. On average, equities analysts forecast that L-3 Communications Holdings, Inc. will post $8.88 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 17th were paid 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 was Tuesday, August 15th. L-3 Communications Holdings’s dividend payout ratio is presently 33.82%.

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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