Northstar Asset Management LLC Purchases 100 Shares of L-3 Communications Holdings, Inc. (NYSE:LLL)

Northstar Asset Management LLC boosted its stake in L-3 Communications Holdings, Inc. (NYSE:LLL) by 1.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 9,650 shares of the aerospace company’s stock after buying an additional 100 shares during the period. Northstar Asset Management LLC’s holdings in L-3 Communications Holdings were worth $1,613,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Cleararc Capital Inc. boosted its stake in L-3 Communications Holdings by 0.3% in the first quarter. Cleararc Capital Inc. now owns 1,755 shares of the aerospace company’s stock valued at $290,000 after buying an additional 5 shares during the last quarter. Northeast Financial Consultants Inc boosted its stake in L-3 Communications Holdings by 0.3% in the first quarter. Northeast Financial Consultants Inc now owns 3,323 shares of the aerospace company’s stock valued at $549,000 after buying an additional 10 shares during the last quarter. Parallel Advisors LLC boosted its stake in L-3 Communications Holdings by 4.6% in the first quarter. Parallel Advisors LLC now owns 614 shares of the aerospace company’s stock valued at $103,000 after buying an additional 27 shares during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management boosted its stake in 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 last quarter. Finally, Pacer Advisors Inc. boosted its stake in L-3 Communications Holdings by 3.6% in the first quarter. Pacer Advisors Inc. now owns 1,575 shares of the aerospace company’s stock valued at $260,000 after buying an additional 55 shares during the last quarter. Institutional investors own 82.67% of the company’s stock.

L-3 Communications Holdings, Inc. (NYSE LLL) traded down 0.29% during trading on Friday, hitting $178.08. 413,960 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $175.22 and its 200 day moving average price is $168.82. The stock has a market cap of $13.93 billion, a P/E ratio of 20.07 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 $185.12.

L-3 Communications Holdings (NYSE:LLL) last announced its quarterly earnings data on Thursday, July 27th. The aerospace company reported $2.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.03 by $0.18. The company had revenue of $2.73 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the business earned $1.88 EPS. Analysts anticipate that L-3 Communications Holdings, Inc. will post $8.87 earnings per share for the current fiscal year.

L-3 Communications Holdings declared that its board has approved a stock buyback plan on Tuesday, May 9th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the aerospace company to repurchase up to 11.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 17th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Tuesday, August 15th. L-3 Communications Holdings’s dividend payout ratio is currently 33.82%.

TRADEMARK VIOLATION NOTICE: This report was originally reported by BNB Daily and is owned by of BNB Daily. If you are accessing this report on another site, it was stolen and republished in violation of U.S. and international copyright and trademark legislation. The original version of this report can be accessed at https://www.baseball-news-blog.com/2017/08/19/northstar-asset-management-llc-boosts-stake-in-l-3-communications-holdings-inc-nyselll-updated-updated-updated.html.

A number of research analysts have weighed in on LLL shares. Drexel Hamilton raised shares of L-3 Communications Holdings from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Goldman Sachs Group, Inc. (The) raised shares of L-3 Communications Holdings from a “buy” rating to a “conviction-buy” rating and raised their target price for the stock from $195.00 to $204.00 in a research note on Monday, August 7th. Cowen and Company reissued a “buy” rating and issued a $190.00 target price on shares of L-3 Communications Holdings in a research note on Monday. Zacks Investment Research lowered shares of L-3 Communications Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $175.00 price target (up previously from $170.00) on shares of L-3 Communications Holdings in a research report 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 company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $182.50.

In other news, Director Claude R. Canizares sold 2,981 shares of L-3 Communications Holdings stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $181.68, for a total value of $541,588.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Michael T. Strianese sold 22,547 shares of L-3 Communications Holdings stock in a transaction dated 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. Over the last three months, insiders have sold 70,622 shares of company stock valued at $12,052,959. 2.90% of the stock is owned by company insiders.

L-3 Communications Holdings Company 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.

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

Receive News & Ratings for L-3 Communications Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for L-3 Communications Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply