Calamos Advisors LLC reduced its holdings in L-3 Communications Holdings, Inc. (NYSE:LLL) by 53.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,671 shares of the aerospace company’s stock after selling 71,859 shares during the quarter. Calamos Advisors LLC owned about 0.08% of L-3 Communications Holdings worth $10,638,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Cleararc Capital Inc. lifted its holdings in shares of L-3 Communications Holdings by 0.3% in the 1st 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 period. Wedbush Securities Inc. lifted its holdings in shares of L-3 Communications Holdings by 0.5% in the 2nd quarter. Wedbush Securities Inc. now owns 1,322 shares of the aerospace company’s stock valued at $221,000 after buying an additional 6 shares during the period. Honkamp Krueger Financial Services Inc. lifted its holdings in shares of L-3 Communications Holdings by 0.6% in the 2nd quarter. Honkamp Krueger Financial Services Inc. now owns 1,314 shares of the aerospace company’s stock valued at $220,000 after buying an additional 8 shares during the period. MAI Capital Management lifted its holdings in shares of L-3 Communications Holdings by 0.8% in the 2nd quarter. MAI Capital Management now owns 2,015 shares of the aerospace company’s stock valued at $337,000 after buying an additional 15 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of L-3 Communications Holdings by 0.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,786 shares of the aerospace company’s stock valued at $967,000 after buying an additional 15 shares during the period. 79.13% of the stock is owned by institutional investors and hedge funds.

Several analysts have recently commented on the company. Jefferies Group LLC reissued a “hold” rating and issued a $175.00 price target on shares of L-3 Communications Holdings in a report on Sunday, July 30th. Cowen and Company reissued a “buy” rating and issued a $190.00 price target on shares of L-3 Communications Holdings in a report on Monday, August 14th. Goldman Sachs Group, Inc. (The) raised L-3 Communications Holdings from a “buy” rating to a “conviction-buy” rating and raised their price target for the company from $195.00 to $204.00 in a report on Monday, August 7th. Royal Bank Of Canada reissued a “hold” rating and issued a $178.00 price target on shares of L-3 Communications Holdings in a report on Friday, June 2nd. Finally, ValuEngine raised L-3 Communications Holdings from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Nine equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. L-3 Communications Holdings currently has an average rating of “Buy” and a consensus target price of $182.91.

L-3 Communications Holdings, Inc. (NYSE:LLL) opened at 182.81 on Wednesday. The company’s 50-day moving average price is $178.54 and its 200 day moving average price is $170.41. L-3 Communications Holdings, Inc. has a one year low of $132.38 and a one year high of $185.12. The firm has a market capitalization of $14.30 billion, a PE ratio of 20.61 and a beta of 1.15.

L-3 Communications Holdings (NYSE:LLL) last released 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. The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.70 billion. L-3 Communications Holdings had a return on equity of 14.15% and a net margin of 6.44%. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.88 earnings per share. On average, analysts forecast that L-3 Communications Holdings, Inc. will post $8.88 earnings per share for the current year.

L-3 Communications Holdings announced that its Board of Directors has approved a share repurchase plan on Tuesday, May 9th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the aerospace company to reacquire up to 11.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 17th will be given a $0.75 dividend. The ex-dividend date is Tuesday, August 15th. This represents a $3.00 dividend on an annualized basis and a yield of 1.64%. L-3 Communications Holdings’s dividend payout ratio (DPR) is 33.82%.

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In other L-3 Communications Holdings news, insider Michael T. Strianese sold 22,547 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $182.05, for a total value of $4,104,681.35. 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 the company’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $180.23, for a total value of $901,150.00. The disclosure for this sale can be found here. Insiders sold 75,622 shares of company stock valued at $13,269,992 over the last 90 days. 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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