Rosenberg Matthew Hamilton Sells 61 Shares of L3Harris Technologies, Inc. (NYSE:LHX)

Rosenberg Matthew Hamilton lessened its position in L3Harris Technologies, Inc. (NYSE:LHX) by 15.8% in the 4th quarter, Holdings Channel reports. The firm owned 326 shares of the company’s stock after selling 61 shares during the period. Rosenberg Matthew Hamilton’s holdings in L3Harris Technologies were worth $69,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Archer Investment Corp increased its position in shares of L3Harris Technologies by 48.9% in the 3rd quarter. Archer Investment Corp now owns 131 shares of the company’s stock valued at $31,000 after buying an additional 43 shares in the last quarter. Kennebec Savings Bank acquired a new position in L3Harris Technologies in the third quarter valued at about $36,000. Ashton Thomas Securities LLC bought a new stake in shares of L3Harris Technologies in the third quarter worth about $64,000. Quest Partners LLC raised its position in shares of L3Harris Technologies by 36,000.0% during the third quarter. Quest Partners LLC now owns 361 shares of the company’s stock worth $86,000 after purchasing an additional 360 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in shares of L3Harris Technologies by 133.7% during the 4th quarter. Versant Capital Management Inc now owns 472 shares of the company’s stock valued at $99,000 after purchasing an additional 270 shares in the last quarter. 84.76% of the stock is currently owned by institutional investors and hedge funds.

L3Harris Technologies Trading Up 0.3 %

NYSE LHX opened at $214.65 on Wednesday. L3Harris Technologies, Inc. has a 12 month low of $200.18 and a 12 month high of $265.74. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 0.58. The stock has a 50 day moving average of $229.70 and a 200-day moving average of $233.23. The company has a market cap of $40.71 billion, a PE ratio of 33.91, a PEG ratio of 1.86 and a beta of 0.75.

L3Harris Technologies (NYSE:LHX) last announced its quarterly earnings results on Thursday, October 24th. The company reported $3.34 EPS for the quarter, beating analysts’ consensus estimates of $3.27 by $0.07. The firm had revenue of $5.29 billion during the quarter, compared to analysts’ expectations of $5.28 billion. L3Harris Technologies had a net margin of 5.71% and a return on equity of 13.11%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the company posted $3.19 earnings per share. On average, equities research analysts anticipate that L3Harris Technologies, Inc. will post 13.09 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on LHX. Raymond James cut L3Harris Technologies from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 2nd. StockNews.com upgraded shares of L3Harris Technologies from a “hold” rating to a “buy” rating in a report on Monday, October 28th. Bank of America raised shares of L3Harris Technologies from a “neutral” rating to a “buy” rating and upped their target price for the stock from $240.00 to $300.00 in a research note on Thursday, October 31st. Wells Fargo & Company dropped their price target on L3Harris Technologies from $295.00 to $287.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 11th. Finally, Wolfe Research raised L3Harris Technologies from a “peer perform” rating to an “outperform” rating and set a $300.00 price objective for the company in a research report on Thursday, October 10th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $265.25.

Insider Activity at L3Harris Technologies

In other L3Harris Technologies news, insider Ross Niebergall sold 2,988 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $247.93, for a total value of $740,814.84. Following the sale, the insider now owns 10,340 shares in the company, valued at $2,563,596.20. This represents a 22.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders sold 7,889 shares of company stock worth $1,800,572. Insiders own 0.82% of the company’s stock.

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.