L3Harris Technologies, Inc. (NYSE:LHX) Shares Bought by Headlands Technologies LLC

Headlands Technologies LLC lifted its stake in shares of L3Harris Technologies, Inc. (NYSE:LHX) by 2,851.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,863 shares of the company’s stock after acquiring an additional 2,766 shares during the period. Headlands Technologies LLC’s holdings in L3Harris Technologies were worth $610,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of LHX. Bfsg LLC purchased a new stake in shares of L3Harris Technologies during the first quarter valued at approximately $25,000. Transcendent Capital Group LLC acquired a new position in L3Harris Technologies during the 4th quarter valued at about $28,000. Blue Trust Inc. boosted its stake in L3Harris Technologies by 178.7% during the 4th quarter. Blue Trust Inc. now owns 170 shares of the company’s stock valued at $36,000 after purchasing an additional 109 shares in the last quarter. Washington Trust Advisors Inc. boosted its stake in L3Harris Technologies by 80.6% during the fourth quarter. Washington Trust Advisors Inc. now owns 177 shares of the company’s stock valued at $37,000 after buying an additional 79 shares in the last quarter. Finally, Bruce G. Allen Investments LLC bought a new stake in L3Harris Technologies during the fourth quarter worth approximately $46,000. 84.76% of the stock is currently owned by hedge funds and other institutional investors.

L3Harris Technologies Trading Up 2.2 %

Shares of LHX stock traded up $5.17 during mid-day trading on Tuesday, hitting $239.71. The company’s stock had a trading volume of 565,348 shares, compared to its average volume of 985,759. The company’s fifty day simple moving average is $223.03 and its 200-day simple moving average is $214.22. L3Harris Technologies, Inc. has a 52 week low of $160.25 and a 52 week high of $240.25. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.80 and a current ratio of 0.98. The company has a market cap of $45.47 billion, a PE ratio of 38.90, a P/E/G ratio of 1.93 and a beta of 0.72.

L3Harris Technologies (NYSE:LHX) last posted its quarterly earnings data on Thursday, April 25th. The company reported $3.06 earnings per share for the quarter, topping the consensus estimate of $2.89 by $0.17. The firm had revenue of $5.21 billion during the quarter, compared to analyst estimates of $5.11 billion. L3Harris Technologies had a return on equity of 12.82% and a net margin of 5.82%. The business’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period last year, the company posted $2.86 EPS. As a group, equities research analysts expect that L3Harris Technologies, Inc. will post 12.96 earnings per share for the current fiscal year.

L3Harris Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th were paid a $1.16 dividend. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $4.64 annualized dividend and a dividend yield of 1.94%. L3Harris Technologies’s dividend payout ratio is presently 75.32%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on L3Harris Technologies from $240.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Wells Fargo & Company raised their price target on L3Harris Technologies from $238.00 to $245.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 7th. Barclays raised their price target on L3Harris Technologies from $238.00 to $245.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. Alembic Global Advisors raised L3Harris Technologies from a “neutral” rating to an “overweight” rating and set a $238.00 price objective on the stock in a research note on Monday, April 22nd. Finally, Royal Bank of Canada raised their target price on L3Harris Technologies from $245.00 to $250.00 and gave the company an “outperform” rating in a report on Monday, April 29th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, L3Harris Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $231.80.

Insider Buying and Selling at L3Harris Technologies

In other L3Harris Technologies news, SVP Scott T. Mikuen sold 15,887 shares of L3Harris Technologies stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $235.00, for a total transaction of $3,733,445.00. Following the completion of the transaction, the senior vice president now owns 47,616 shares in the company, valued at approximately $11,189,760. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other L3Harris Technologies news, SVP Scott T. Mikuen sold 15,887 shares of L3Harris Technologies stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $235.00, for a total transaction of $3,733,445.00. Following the transaction, the senior vice president now owns 47,616 shares of the company’s stock, valued at approximately $11,189,760. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Scott T. Mikuen sold 10,527 shares of L3Harris Technologies stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $230.00, for a total transaction of $2,421,210.00. Following the transaction, the senior vice president now directly owns 47,616 shares in the company, valued at approximately $10,951,680. The disclosure for this sale can be found here. In the last quarter, insiders sold 109,312 shares of company stock worth $24,712,822. Insiders own 0.82% of the company’s stock.

L3Harris Technologies Company Profile

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.