Trade Report: Today, Northwestern Mutual Wealth Management Co. decides to keep it stake in L-3 Communications Holdings Inc. (LLL) to the level of $218,000

Today, Northwestern Mutual Wealth Management Co. decides to keep it stake in L-3 Communications Holdings Inc. (LLL) to the level of $218,000

Northwestern Mutual Wealth Management Co. decreased its position in L-3 Communications Holdings Inc. (NYSE:LLL) by 5.5% during the second quarter, Holdings Channel reports. The institutional investor owned 1,491 shares of the company’s stock after selling 86 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in L-3 Communications Holdings were worth $218,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Retirement Systems of Alabama boosted its stake in shares of L-3 Communications Holdings by 41.5% in the second quarter. Retirement Systems of Alabama now owns 101,695 shares of the company’s stock worth $14,918,000 after buying an additional 29,847 shares in the last quarter. Boston Advisors LLC boosted its stake in shares of L-3 Communications Holdings by 8.7% in the second quarter. Boston Advisors LLC now owns 245,139 shares of the company’s stock worth $35,959,000 after buying an additional 19,715 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of L-3 Communications Holdings by 10.9% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 248,660 shares of the company’s stock worth $36,476,000 after buying an additional 24,373 shares in the last quarter. Adage Capital Partners GP L.L.C. bought a new stake in shares of L-3 Communications Holdings during the second quarter worth about $88,005,000. Finally, British Columbia Investment Management Corp boosted its stake in shares of L-3 Communications Holdings by 48.2% in the second quarter. British Columbia Investment Management Corp now owns 73,983 shares of the company’s stock worth $10,853,000 after buying an additional 24,049 shares in the last quarter. Institutional investors own 79.21% of the company’s stock.

Shares of L-3 Communications Holdings Inc. (NYSE:LLL) traded up 0.88% on Friday, reaching $156.36. The company’s stock had a trading volume of 232,870 shares. The firm’s 50 day moving average is $146.73 and its 200-day moving average is $146.43. The stock 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 Inc. has a 52-week low of $105.88 and a 52-week high of $156.65.

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

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

A number of equities research analysts have recently issued reports on LLL shares. Citigroup Inc. upped their price objective on L-3 Communications Holdings from $174.00 to $180.00 and gave the stock a “buy” rating in a research note on Monday, October 10th. Drexel Hamilton cut L-3 Communications Holdings from a “buy” rating to a “hold” rating in a research note on Friday, October 28th. They noted that the move was a valuation call. Zacks Investment Research upgraded L-3 Communications Holdings from a “hold” rating to a “buy” rating and set a $171.00 price target on the stock in a research note on Wednesday, September 28th. Robert W. Baird started coverage on L-3 Communications Holdings in a research note on Wednesday, October 5th. They issued an “outperform” rating and a $184.00 price target on the stock. Finally, Cowen and Company upgraded L-3 Communications Holdings from a “market perform” rating to an “outperform” rating and set a $160.00 price target on the stock in a research note on Friday, October 28th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average 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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