L3Harris Technologies, Inc. (NYSE:LHX) Shares Sold by Moody National Bank Trust Division

Moody National Bank Trust Division decreased its holdings in shares of L3Harris Technologies, Inc. (NYSE:LHXGet Rating) by 18.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,585 shares of the company’s stock after selling 1,452 shares during the quarter. Moody National Bank Trust Division’s holdings in L3Harris Technologies were worth $1,636,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Equitec Proprietary Markets LLC acquired a new position in L3Harris Technologies in the fourth quarter valued at $25,000. Concord Wealth Partners boosted its holdings in L3Harris Technologies by 69.4% in the fourth quarter. Concord Wealth Partners now owns 122 shares of the company’s stock valued at $26,000 after acquiring an additional 50 shares during the last quarter. Wagner Wealth Management LLC boosted its holdings in L3Harris Technologies by 296.9% in the fourth quarter. Wagner Wealth Management LLC now owns 127 shares of the company’s stock valued at $27,000 after acquiring an additional 95 shares during the last quarter. EverSource Wealth Advisors LLC acquired a new position in L3Harris Technologies in the fourth quarter valued at $32,000. Finally, Bogart Wealth LLC boosted its holdings in L3Harris Technologies by 59.1% in the fourth quarter. Bogart Wealth LLC now owns 183 shares of the company’s stock valued at $39,000 after acquiring an additional 68 shares during the last quarter. Institutional investors and hedge funds own 80.15% of the company’s stock.

Shares of NYSE LHX opened at $229.64 on Thursday. L3Harris Technologies, Inc. has a 1 year low of $200.71 and a 1 year high of $279.71. The firm has a market cap of $44.29 billion, a price-to-earnings ratio of 24.69, a PEG ratio of 3.85 and a beta of 0.76. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.09 and a current ratio of 1.32. The stock’s 50-day simple moving average is $239.29 and its 200-day simple moving average is $233.60.

L3Harris Technologies (NYSE:LHXGet Rating) last announced its earnings results on Thursday, April 28th. The company reported $3.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.02 by $0.10. L3Harris Technologies had a return on equity of 13.18% and a net margin of 10.68%. The business had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.13 billion. During the same period in the previous year, the company earned $3.18 earnings per share. The company’s revenue for the quarter was down 10.2% compared to the same quarter last year. As a group, research analysts predict that L3Harris Technologies, Inc. will post 13.6 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 17th. Investors of record on Friday, June 3rd were issued a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend was Thursday, June 2nd. L3Harris Technologies’s dividend payout ratio is currently 48.17%.

A number of research analysts recently weighed in on the company. Jefferies Financial Group reduced their target price on L3Harris Technologies from $320.00 to $300.00 in a report on Monday, May 2nd. Morgan Stanley lifted their target price on L3Harris Technologies from $230.00 to $276.00 and gave the company an “equal weight” rating in a report on Wednesday, March 2nd. Wells Fargo & Company boosted their price objective on L3Harris Technologies from $240.00 to $291.00 and gave the stock an “overweight” rating in a research note on Monday, March 7th. StockNews.com cut L3Harris Technologies from a “buy” rating to a “hold” rating in a research note on Friday, April 29th. Finally, Susquehanna reduced their price objective on L3Harris Technologies from $302.00 to $298.00 in a research note on Monday, May 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $265.09.

About L3Harris Technologies (Get Rating)

L3Harris Technologies, Inc, an aerospace and defense technology company, provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides multi-mission intelligence, surveillance, and reconnaissance (ISR) systems; and communication systems, as well as fleet management support, sensor development, modification, and periodic depot maintenance services for ISR and airborne missions.

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Institutional Ownership by Quarter for L3Harris Technologies (NYSE:LHX)

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