L-3 Communications Holdings, Inc. (LLL) Holdings Increased by Commonwealth Bank of Australia

Commonwealth Bank of Australia raised its holdings in shares of L-3 Communications Holdings, Inc. (NYSE:LLL) by 33.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,134 shares of the aerospace company’s stock after acquiring an additional 1,298 shares during the period. Commonwealth Bank of Australia’s holdings in L-3 Communications were worth $961,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wedbush Securities Inc. grew its holdings in shares of L-3 Communications by 0.5% in the 2nd quarter. Wedbush Securities Inc. now owns 1,322 shares of the aerospace company’s stock worth $221,000 after acquiring an additional 6 shares during the last quarter. First Allied Advisory Services Inc. lifted its position in shares of L-3 Communications by 0.3% during the 2nd quarter. First Allied Advisory Services Inc. now owns 3,412 shares of the aerospace company’s stock worth $586,000 after purchasing an additional 9 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of L-3 Communications by 0.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,786 shares of the aerospace company’s stock worth $967,000 after purchasing an additional 15 shares during the last quarter. MAI Capital Management lifted its position in shares of L-3 Communications by 0.8% during the 2nd quarter. MAI Capital Management now owns 2,015 shares of the aerospace company’s stock worth $337,000 after purchasing an additional 15 shares during the last quarter. Finally, Keel Point LLC lifted its position in shares of L-3 Communications by 0.5% during the 2nd quarter. Keel Point LLC now owns 3,451 shares of the aerospace company’s stock worth $577,000 after purchasing an additional 16 shares during the last quarter. 78.79% of the stock is currently owned by institutional investors.

L-3 Communications Holdings, Inc. (NYSE LLL) traded down $0.41 during mid-day trading on Thursday, hitting $194.64. The stock had a trading volume of 770,100 shares, compared to its average volume of 553,100. 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 firm has a market cap of $15,241.63, a P/E ratio of 22.63, a P/E/G ratio of 3.88 and a beta of 1.19. L-3 Communications Holdings, Inc. has a one year low of $143.54 and a one year high of $199.97.

L-3 Communications (NYSE:LLL) last issued its quarterly earnings data on Thursday, October 26th. The aerospace company reported $1.96 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.93 by $0.03. The business had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.68 billion. L-3 Communications had a return on equity of 14.00% and a net margin of 5.22%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.88 EPS. analysts predict that L-3 Communications Holdings, Inc. will post 8.92 EPS for the current year.

The company also recently announced 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 1.54%. The ex-dividend date is Thursday, November 16th. L-3 Communications’s dividend payout ratio (DPR) is presently 41.27%.

In other L-3 Communications news, insider Michael T. Strianese sold 22,545 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $196.26, for a total transaction of $4,424,681.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have sold 67,639 shares of company stock valued at $12,818,253. Corporate insiders own 2.90% of the company’s stock.

Several equities analysts recently issued reports on the company. Stifel Nicolaus boosted their price target on 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 L-3 Communications from a “hold” rating to a “buy” rating and set a $210.00 price target on the stock in a research note on Monday, October 2nd. Bank of America boosted their price target on 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 began coverage on L-3 Communications in a research note on Monday, November 20th. They issued a “buy” rating on the stock. Seven equities research 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 currently has an average rating of “Buy” and an average target price of $197.45.

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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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