BNP Paribas Arbitrage SA lifted its position in shares of L-3 Communications Holdings, Inc. (NYSE:LLL) by 50.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,702 shares of the aerospace company’s stock after purchasing an additional 17,052 shares during the quarter. BNP Paribas Arbitrage SA owned 0.06% of L-3 Communications Holdings worth $9,554,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in LLL. Boston Partners boosted its position in shares of L-3 Communications Holdings by 80.6% during the second quarter. Boston Partners now owns 2,114,987 shares of the aerospace company’s stock worth $353,372,000 after purchasing an additional 944,150 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of L-3 Communications Holdings by 7,291.5% during the second quarter. Janus Henderson Group PLC now owns 717,270 shares of the aerospace company’s stock worth $119,840,000 after purchasing an additional 707,566 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of L-3 Communications Holdings by 5.3% during the second quarter. Vanguard Group Inc. now owns 8,556,292 shares of the aerospace company’s stock worth $1,429,586,000 after purchasing an additional 431,776 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of L-3 Communications Holdings by 2,744.3% during the third quarter. Victory Capital Management Inc. now owns 338,645 shares of the aerospace company’s stock worth $63,811,000 after purchasing an additional 326,739 shares in the last quarter. Finally, BlackRock Inc. boosted its position in shares of L-3 Communications Holdings by 5.8% during the second quarter. BlackRock Inc. now owns 5,734,197 shares of the aerospace company’s stock worth $958,069,000 after purchasing an additional 313,761 shares in the last quarter. 79.93% of the stock is currently owned by institutional investors.

Shares of L-3 Communications Holdings, Inc. (NYSE:LLL) opened at $183.09 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.62 and a current ratio of 1.80. L-3 Communications Holdings, Inc. has a 52-week low of $143.54 and a 52-week high of $192.00. The company has a market cap of $14,433.64, a PE ratio of 21.43, a price-to-earnings-growth ratio of 3.49 and a beta of 1.18.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders 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 annualized dividend and a yield of 1.64%. L-3 Communications Holdings’s dividend payout ratio (DPR) is presently 41.27%.

In other L-3 Communications Holdings news, insider Ralph Dambrosio sold 5,000 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $180.23, for a total transaction of $901,150.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Michael T. Strianese sold 22,547 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $182.05, for a total transaction of $4,104,681.35. The disclosure for this sale can be found here. Insiders have sold a total of 72,641 shares of company stock worth $13,399,403 over the last three months. Insiders own 2.90% of the company’s stock.

A number of equities analysts have recently weighed in on the stock. ValuEngine cut shares of L-3 Communications Holdings from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Cowen and Company reissued a “buy” rating and set a $200.00 price target (up from $190.00) on shares of L-3 Communications Holdings in a research report on Tuesday, October 3rd. Royal Bank Of Canada reissued a “hold” rating on shares of L-3 Communications Holdings in a research report on Sunday, October 8th. Deutsche Bank AG reissued a “buy” rating and set a $205.00 price target (up from $190.00) on shares of L-3 Communications Holdings in a research report on Monday, October 2nd. Finally, Zacks Investment Research raised shares of L-3 Communications Holdings from a “hold” rating to a “buy” rating and set a $210.00 price objective on the stock in a research report on Monday, October 2nd. Eight analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $197.50.

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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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