L-3 Communications Holdings, Inc. (LLL) Shares Bought by Aperio Group LLC

Aperio Group LLC increased its stake in shares of L-3 Communications Holdings, Inc. (NYSE:LLL) by 10.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of LLL. 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. LS Investment Advisors LLC boosted its stake in shares of L-3 Communications Holdings by 6.5% in the second quarter. LS Investment Advisors LLC now owns 2,443 shares of the aerospace company’s stock valued at $408,000 after buying an additional 150 shares during the period. CrestPoint Capital Management LLC bought a new stake in shares of L-3 Communications Holdings during the second quarter valued at about $535,000. Oregon Public Employees Retirement Fund boosted its stake in shares of L-3 Communications Holdings by 8.2% in the second quarter. Oregon Public Employees Retirement Fund now owns 67,154 shares of the aerospace company’s stock valued at $11,220,000 after buying an additional 5,100 shares during the period. Finally, OLD National Bancorp IN boosted its stake in shares of L-3 Communications Holdings by 6.2% in the second quarter. OLD National Bancorp IN now owns 12,115 shares of the aerospace company’s stock valued at $2,025,000 after buying an additional 703 shares during the period. Institutional investors and hedge funds own 81.21% of the company’s stock.

Shares of L-3 Communications Holdings, Inc. (NYSE:LLL) traded up 0.19% on Friday, hitting $183.63. The stock had a trading volume of 657,404 shares. The company has a market capitalization of $14.36 billion, a PE ratio of 20.70 and a beta of 1.15. L-3 Communications Holdings, Inc. has a 1-year low of $132.38 and a 1-year high of $185.12. The firm has a 50-day moving average of $173.27 and a 200 day moving average 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. On average, equities analysts anticipate that L-3 Communications Holdings, Inc. will post $8.88 earnings per share for the current fiscal year.

L-3 Communications Holdings declared that its board has initiated a share repurchase plan on Tuesday, May 9th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the aerospace company to buy up to 11.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

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%.

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LLL has been the subject of several recent analyst reports. 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 upped their target price for the stock 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 restated a “hold” rating and set a $175.00 target price (up from $170.00) on shares of L-3 Communications Holdings in a research note on Sunday, July 30th. Finally, Jefferies Group LLC restated a “hold” rating and set a $175.00 target price on shares of L-3 Communications Holdings in a research note 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 issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price 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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