L3Harris Technologies, Inc. (NYSE:LHX) Holdings Lifted by Gladstone Institutional Advisory LLC

Gladstone Institutional Advisory LLC increased its holdings in shares of L3Harris Technologies, Inc. (NYSE:LHX) by 5.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,970 shares of the company’s stock after buying an additional 147 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in L3Harris Technologies were worth $626,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. US Bancorp DE lifted its position in shares of L3Harris Technologies by 9.9% in the third quarter. US Bancorp DE now owns 219,490 shares of the company’s stock worth $38,218,000 after buying an additional 19,814 shares during the last quarter. MGO One Seven LLC increased its stake in shares of L3Harris Technologies by 78.9% in the third quarter. MGO One Seven LLC now owns 4,736 shares of the company’s stock worth $825,000 after purchasing an additional 2,088 shares during the period. ORG Partners LLC increased its stake in shares of L3Harris Technologies by 26.2% in the third quarter. ORG Partners LLC now owns 481 shares of the company’s stock worth $84,000 after purchasing an additional 100 shares during the period. Signaturefd LLC increased its stake in shares of L3Harris Technologies by 3.4% in the third quarter. Signaturefd LLC now owns 7,402 shares of the company’s stock worth $1,289,000 after purchasing an additional 245 shares during the period. Finally, NBC Securities Inc. bought a new position in shares of L3Harris Technologies in the third quarter worth about $73,000. Hedge funds and other institutional investors own 84.76% of the company’s stock.

L3Harris Technologies Stock Up 0.0 %

Shares of LHX opened at $225.31 on Thursday. The company has a market capitalization of $42.74 billion, a P/E ratio of 36.58, a PEG ratio of 1.89 and a beta of 0.63. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.98 and a quick ratio of 0.80. L3Harris Technologies, Inc. has a one year low of $160.25 and a one year high of $225.90. The business’s 50 day simple moving average is $212.06 and its 200-day simple moving average is $206.65.

L3Harris Technologies (NYSE:LHX) last announced its earnings results on Thursday, April 25th. The company reported $3.06 EPS for the quarter, topping the consensus estimate of $2.89 by $0.17. The business had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $5.11 billion. L3Harris Technologies had a return on equity of 12.82% and a net margin of 5.82%. L3Harris Technologies’s revenue was up 16.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.86 EPS. As a group, sell-side analysts predict that L3Harris Technologies, Inc. will post 12.92 EPS for the current fiscal year.

L3Harris Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Tuesday, June 4th. L3Harris Technologies’s dividend payout ratio is 75.32%.

Insiders Place Their Bets

In other L3Harris Technologies news, SVP Scott T. Mikuen sold 1,292 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $211.14, for a total transaction of $272,792.88. Following the transaction, the senior vice president now owns 58,617 shares of the company’s stock, valued at approximately $12,376,393.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other L3Harris Technologies news, SVP Scott T. Mikuen sold 1,292 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $211.14, for a total transaction of $272,792.88. Following the completion of the sale, the senior vice president now owns 58,617 shares in the company, valued at approximately $12,376,393.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Edward J. Zoiss sold 3,707 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $211.47, for a total transaction of $783,919.29. Following the completion of the sale, the insider now owns 28,644 shares of the company’s stock, valued at approximately $6,057,346.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 48,362 shares of company stock valued at $10,261,360. 0.82% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently commented on LHX. StockNews.com lowered L3Harris Technologies from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. Barclays boosted their price target on L3Harris Technologies from $238.00 to $245.00 and gave the company an “overweight” rating in a research note on Tuesday, April 30th. Royal Bank of Canada boosted their price target on L3Harris Technologies from $245.00 to $250.00 and gave the company an “outperform” rating in a research note on Monday, April 29th. Wells Fargo & Company boosted their price target on L3Harris Technologies from $238.00 to $245.00 and gave the company an “overweight” rating in a research note on Tuesday, May 7th. Finally, UBS Group boosted their price target on L3Harris Technologies from $222.00 to $229.00 and gave the company a “neutral” rating in a research note on Monday, January 29th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $231.80.

About L3Harris Technologies

L3Harris Technologies, Inc provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides intelligence, surveillance, and reconnaissance (ISR) systems, passive sensing and targeting, electronic attack, autonomy, power and communications, and networks and sensors, as well as advanced combat systems for air, land, and sea sectors.