Aperio Group LLC boosted its stake in shares of L-3 Communications Holdings, Inc. (NYSE:LLL) by 10.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,353 shares of the aerospace company’s stock after buying an additional 2,467 shares during the period. Aperio Group LLC’s holdings in L-3 Communications Holdings were worth $4,403,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. Cleararc Capital Inc. increased its position in L-3 Communications Holdings by 0.3% in the first quarter. Cleararc Capital Inc. now owns 1,755 shares of the aerospace company’s stock valued at $290,000 after buying an additional 5 shares during the last quarter. Northeast Financial Consultants Inc boosted its stake in shares of L-3 Communications Holdings by 0.3% in the first quarter. Northeast Financial Consultants Inc now owns 3,323 shares of the aerospace company’s stock valued at $549,000 after buying an additional 10 shares during the period. Parallel Advisors LLC boosted its stake in shares of L-3 Communications Holdings by 4.6% in the first quarter. Parallel Advisors LLC now owns 614 shares of the aerospace company’s stock valued at $103,000 after buying an additional 27 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management boosted its stake in shares of L-3 Communications Holdings by 2.8% in the second quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 1,867 shares of the aerospace company’s stock valued at $312,000 after buying an additional 51 shares during the period. Finally, Pacer Advisors Inc. boosted its stake in shares of L-3 Communications Holdings by 3.6% in the first quarter. Pacer Advisors Inc. now owns 1,575 shares of the aerospace company’s stock valued at $260,000 after buying an additional 55 shares during the period. 81.21% of the stock is currently owned by institutional investors.

L-3 Communications Holdings, Inc. (LLL) traded up 0.19% during midday trading on Friday, reaching $183.63. The company’s stock had a trading volume of 657,404 shares. The company has a market cap of $14.36 billion, a PE ratio of 20.70 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 $185.12. The stock has a 50-day moving average price of $173.27 and a 200 day moving average price of $167.88.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 17th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.63%. The ex-dividend date is Tuesday, August 15th. L-3 Communications Holdings’s dividend payout ratio is presently 33.82%.

L-3 Communications Holdings announced that its board has authorized a stock repurchase program on Tuesday, May 9th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the aerospace company to repurchase up to 11.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

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Several equities research analysts recently issued reports on the company. Drexel Hamilton upgraded L-3 Communications Holdings from a “hold” rating to a “buy” rating in a research note on Tuesday. Goldman Sachs Group, Inc. (The) upgraded L-3 Communications Holdings from a “buy” rating to a “conviction-buy” rating and boosted their price target for the company from $195.00 to $204.00 in a research note on Monday, August 7th. Zacks Investment Research cut L-3 Communications Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Stifel Nicolaus reiterated a “hold” rating and issued a $175.00 price target (up from $170.00) on shares of L-3 Communications Holdings in a research note on Sunday, July 30th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $175.00 price target on shares of L-3 Communications Holdings in a research note on Sunday, July 30th. Nine 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. L-3 Communications Holdings presently has an average rating of “Buy” and a consensus price target of $182.08.

In other L-3 Communications Holdings news, Chairman Michael T. Strianese sold 22,547 shares of the business’s 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 is available through this link. Insiders sold 67,641 shares of company stock valued at $11,511,371 over the last three months. 2.90% of the stock is currently owned by insiders.

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.

Institutional Ownership by Quarter for L-3 Communications Holdings (NYSE:LLL)

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