L3Harris Technologies, Inc. (NYSE:LHX) Shares Acquired by Blair William & Co. IL

Blair William & Co. IL increased its position in L3Harris Technologies, Inc. (NYSE:LHX) by 16.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,025 shares of the company’s stock after acquiring an additional 4,245 shares during the period. Blair William & Co. IL’s holdings in L3Harris Technologies were worth $6,398,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Bfsg LLC acquired a new stake in shares of L3Harris Technologies in the 1st quarter worth approximately $25,000. Transcendent Capital Group LLC acquired a new stake in shares of L3Harris Technologies in the 4th quarter worth approximately $28,000. Blue Trust Inc. grew its holdings 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 buying an additional 109 shares during the last quarter. Washington Trust Advisors Inc. grew its holdings in L3Harris Technologies by 80.6% during the 4th quarter. Washington Trust Advisors Inc. now owns 177 shares of the company’s stock valued at $37,000 after buying an additional 79 shares during the last quarter. Finally, Bruce G. Allen Investments LLC acquired a new stake in L3Harris Technologies during the 4th quarter valued at $46,000. Institutional investors and hedge funds own 84.76% of the company’s stock.

Insiders Place Their Bets

In other L3Harris Technologies news, CEO Christopher E. Kubasik sold 26,190 shares of the business’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $225.70, for a total transaction of $5,911,083.00. Following the transaction, the chief executive officer now owns 120,326 shares in the company, valued at $27,157,578.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other L3Harris Technologies news, CEO Christopher E. Kubasik sold 26,190 shares of the business’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $225.70, for a total transaction of $5,911,083.00. Following the transaction, the chief executive officer now owns 120,326 shares in the company, valued at $27,157,578.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Scott T. Mikuen sold 10,527 shares of the business’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $230.00, for a total value of $2,421,210.00. Following the transaction, the senior vice president now owns 47,616 shares in the company, valued at approximately $10,951,680. The disclosure for this sale can be found here. Insiders have sold a total of 109,312 shares of company stock worth $24,712,822 over the last quarter. 0.82% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on LHX. Wells Fargo & Company increased their target price on L3Harris Technologies from $238.00 to $245.00 and gave the company an “overweight” rating in a report on Tuesday, May 7th. Royal Bank of Canada increased 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. Alembic Global Advisors upgraded L3Harris Technologies from a “neutral” rating to an “overweight” rating and set a $238.00 target price on the stock in a report on Monday, April 22nd. Barclays increased their target price on L3Harris Technologies from $238.00 to $245.00 and gave the company an “overweight” rating in a report on Tuesday, April 30th. Finally, JPMorgan Chase & Co. increased their target price on L3Harris Technologies from $240.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, L3Harris Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $231.80.

L3Harris Technologies Trading Down 1.3 %

L3Harris Technologies stock traded down $2.99 during midday trading on Friday, reaching $234.77. The stock had a trading volume of 631,886 shares, compared to its average volume of 985,686. L3Harris Technologies, Inc. has a twelve month low of $160.25 and a twelve month high of $242.86. The stock has a market capitalization of $44.53 billion, a PE ratio of 38.22, a price-to-earnings-growth ratio of 1.98 and a beta of 0.72. 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 stock’s 50-day simple moving average is $224.34 and its 200 day simple moving average is $214.76.

L3Harris Technologies (NYSE:LHX) last issued its earnings results on Thursday, April 25th. The company reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.89 by $0.17. L3Harris Technologies had a return on equity of 12.82% and a net margin of 5.82%. The firm had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $5.11 billion. During the same quarter last year, the firm earned $2.86 earnings per share. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. Analysts expect that L3Harris Technologies, Inc. will post 12.99 EPS for the current year.

L3Harris Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be paid a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 1.98%. L3Harris Technologies’s dividend payout ratio is presently 75.32%.

L3Harris Technologies 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.