Todays Report: Today, Arizona State Retirement System Increases Stake in L-3 Communications Holdings Inc. (LLL)

Today, Arizona State Retirement System Increases Stake in L-3 Communications Holdings Inc. (LLL)

Arizona State Retirement System raised its position in L-3 Communications Holdings Inc. (NYSE:LLL) by 0.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,005 shares of the company’s stock after buying an additional 100 shares during the period. Arizona State Retirement System’s holdings in L-3 Communications Holdings were worth $2,865,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in L-3 Communications Holdings by 6.1% in the second quarter. Vanguard Group Inc. now owns 7,167,942 shares of the company’s stock worth $1,051,465,000 after buying an additional 414,327 shares during the period. Alliancebernstein L.P. raised its stake in L-3 Communications Holdings by 0.5% in the second quarter. Alliancebernstein L.P. now owns 3,548,466 shares of the company’s stock valued at $520,524,000 after buying an additional 19,038 shares during the last quarter. BlackRock Fund Advisors raised its stake in L-3 Communications Holdings by 4.3% in the second quarter. BlackRock Fund Advisors now owns 1,460,347 shares of the company’s stock valued at $214,218,000 after buying an additional 60,455 shares during the last quarter. AQR Capital Management LLC raised its stake in L-3 Communications Holdings by 16.9% in the second quarter. AQR Capital Management LLC now owns 1,173,826 shares of the company’s stock valued at $172,189,000 after buying an additional 169,817 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its stake in L-3 Communications Holdings by 47.1% in the second quarter. TIAA CREF Investment Management LLC now owns 760,376 shares of the company’s stock valued at $111,540,000 after buying an additional 243,413 shares during the last quarter. 79.21% of the stock is owned by institutional investors.

L-3 Communications Holdings Inc. (NYSE:LLL) traded up 0.88% during trading on Friday, hitting $156.36. 232,870 shares of the stock traded hands. The company’s 50 day moving average price is $146.73 and its 200 day moving average price is $146.43. L-3 Communications Holdings Inc. has a 12 month low of $105.88 and a 12 month high of $156.65. The company has a market cap of $12.09 billion, a P/E ratio of 34.73 and a beta of 1.05.

L-3 Communications Holdings (NYSE:LLL) last released its earnings results on Thursday, October 27th. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.06. The company earned $2.50 billion during the quarter, compared to the consensus estimate of $2.54 billion. L-3 Communications Holdings had a return on equity of 13.90% and a net margin of 3.43%. L-3 Communications Holdings’s revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.09 EPS. On average, equities research analysts anticipate that L-3 Communications Holdings Inc. will post $7.95 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, November 17th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.79%. The ex-dividend date is Tuesday, November 15th. L-3 Communications Holdings’s dividend payout ratio is currently 61.95%.

Several analysts have commented on LLL shares. Cowen and Company raised shares of L-3 Communications Holdings from a “market perform” rating to an “outperform” rating and set a $160.00 price target for the company in a research report on Friday, October 28th. Vertical Group started coverage on shares of L-3 Communications Holdings in a research report on Friday, October 28th. They set a “hold” rating for the company. Vertical Research started coverage on shares of L-3 Communications Holdings in a research report on Friday, October 28th. They set a “hold” rating for the company. Jefferies Group increased their price target on shares of L-3 Communications Holdings from $135.00 to $150.00 and gave the company a “hold” rating in a research report on Friday, July 29th. Finally, JPMorgan Chase & Co. raised shares of L-3 Communications Holdings from a “neutral” rating to an “overweight” rating and increased their price target for the company from $158.00 to $182.00 in a research report on Thursday, August 25th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. L-3 Communications Holdings presently has an average rating of “Buy” and a consensus target price of $161.54.

About L-3 Communications Holdings

L-3 Communications Holdings, Inc (L-3 Holdings) operates through its operating subsidiary L-3 Communications (L-3). The Company operates through three segments: Electronic Systems, which provides a range of products and services, including components, products, subsystems, systems and related services to military and commercial customers; Aerospace Systems, which provides products and services for the Intelligence, Surveillance and Reconnaissance (ISR) market, specializing in signals intelligence (SIGINT) and multi-intelligence platforms, and Communication Systems, which provides network and communication systems, secure communications products, radio frequency components, satellite communication terminals, and space, microwave and telemetry products.

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