L-3 Communications Holdings, Inc. (LLL) Shares Bought by Marco Investment Management LLC

Marco Investment Management LLC boosted its position in L-3 Communications Holdings, Inc. (NYSE:LLL) by 46.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,095 shares of the aerospace company’s stock after buying an additional 10,200 shares during the period. Marco Investment Management LLC’s holdings in L-3 Communications Holdings were worth $5,362,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of LLL. UBS Asset Management Americas Inc. increased its position in L-3 Communications Holdings by 3.2% in the 1st quarter. UBS Asset Management Americas Inc. now owns 186,956 shares of the aerospace company’s stock valued at $30,902,000 after buying an additional 5,766 shares in the last quarter. Sei Investments Co. increased its position in L-3 Communications Holdings by 368.5% in the 1st quarter. Sei Investments Co. now owns 28,046 shares of the aerospace company’s stock valued at $4,636,000 after buying an additional 22,060 shares in the last quarter. State of Wisconsin Investment Board increased its position in L-3 Communications Holdings by 22.8% in the 1st quarter. State of Wisconsin Investment Board now owns 51,474 shares of the aerospace company’s stock valued at $8,508,000 after buying an additional 9,565 shares in the last quarter. Keybank National Association OH bought a new stake in L-3 Communications Holdings in the 1st quarter valued at about $350,000. Finally, Northwestern Mutual Investment Management Company LLC increased its position in L-3 Communications Holdings by 77.2% in the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 15,727 shares of the aerospace company’s stock valued at $2,600,000 after buying an additional 6,850 shares in the last quarter. 79.08% of the stock is owned by institutional investors and hedge funds.

LLL has been the subject of a number of research analyst reports. Cowen and Company reaffirmed a “buy” rating and issued a $190.00 target price on shares of L-3 Communications Holdings in a research report on Monday, September 18th. ValuEngine raised L-3 Communications Holdings from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Drexel Hamilton raised L-3 Communications Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Goldman Sachs Group, Inc. (The) raised L-3 Communications Holdings from a “buy” rating to a “conviction-buy” rating and boosted their target price for the company from $195.00 to $204.00 in a research report on Monday, August 7th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $182.00 target price on shares of L-3 Communications Holdings in a research report on Friday, September 1st. 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 stock. L-3 Communications Holdings currently has a consensus rating of “Buy” and an average price target of $182.91.

Shares of L-3 Communications Holdings, Inc. (LLL) traded down 0.55% during mid-day trading on Friday, reaching $189.28. The company’s stock had a trading volume of 318,776 shares. The company has a 50-day moving average of $181.04 and a 200-day moving average of $171.55. The company has a market cap of $14.81 billion, a P/E ratio of 21.34 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 $191.02.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 17th were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend was Tuesday, August 15th. L-3 Communications Holdings’s dividend payout ratio is 33.82%.

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In other L-3 Communications Holdings news, insider Ralph Dambrosio sold 5,000 shares of the firm’s stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Michael T. Strianese sold 22,547 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $169.02, for a total transaction of $3,810,893.94. The disclosure for this sale can be found here. Insiders have sold 75,622 shares of company stock valued at $13,269,992 in the last ninety days. Insiders own 2.90% of the company’s stock.

L-3 Communications Holdings 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.

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

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