L3Harris Technologies, Inc. (NYSE:LHX) Shares Sold by Triangle Securities Wealth Management

Triangle Securities Wealth Management decreased its position in L3Harris Technologies, Inc. (NYSE:LHX) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,644 shares of the company’s stock after selling 115 shares during the quarter. Triangle Securities Wealth Management’s holdings in L3Harris Technologies were worth $1,187,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Archer Investment Corp boosted 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 purchasing an additional 43 shares during the period. Kennebec Savings Bank purchased a new position in shares of L3Harris Technologies in the third quarter worth approximately $36,000. Trust Co. of Vermont grew its position in L3Harris Technologies by 78.9% during the 4th quarter. Trust Co. of Vermont now owns 195 shares of the company’s stock worth $41,000 after purchasing an additional 86 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of L3Harris Technologies in the third quarter valued at $64,000. Finally, Armstrong Advisory Group Inc. boosted its position in shares of L3Harris Technologies by 1,660.0% in the fourth quarter. Armstrong Advisory Group Inc. now owns 352 shares of the company’s stock worth $74,000 after buying an additional 332 shares during the period. Institutional investors own 84.76% of the company’s stock.

L3Harris Technologies Stock Performance

NYSE LHX opened at $218.22 on Friday. L3Harris Technologies, Inc. has a twelve month low of $200.18 and a twelve month high of $265.74. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 0.58. The stock has a market cap of $41.39 billion, a P/E ratio of 34.47, a PEG ratio of 1.68 and a beta of 0.75. The company’s 50-day simple moving average is $227.28 and its 200 day simple moving average is $232.97.

L3Harris Technologies (NYSE:LHX) last announced its quarterly earnings results on Thursday, October 24th. The company reported $3.34 earnings per share for the quarter, beating analysts’ consensus estimates of $3.27 by $0.07. The firm had revenue of $5.29 billion for the quarter, compared to analysts’ expectations of $5.28 billion. L3Harris Technologies had a return on equity of 13.11% and a net margin of 5.71%. The business’s revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business posted $3.19 earnings per share. As a group, research analysts forecast that L3Harris Technologies, Inc. will post 13.07 earnings per share for the current fiscal year.

Insider Buying and Selling

In other L3Harris Technologies news, insider Ross Niebergall sold 2,988 shares of the business’s stock in a transaction 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 transaction, the insider now owns 10,340 shares of the company’s stock, valued at approximately $2,563,596.20. The trade was a 22.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 7,889 shares of company stock worth $1,800,572 in the last quarter. 0.87% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company dropped their target price on L3Harris Technologies from $295.00 to $287.00 and set an “overweight” rating on the stock in a report on Wednesday, December 11th. Barclays decreased their target price on shares of L3Harris Technologies from $290.00 to $255.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Argus raised L3Harris Technologies from a “hold” rating to a “buy” rating and set a $300.00 target price on the stock in a research report on Tuesday, November 26th. Susquehanna reduced their price target on L3Harris Technologies from $300.00 to $258.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. cut their price objective on shares of L3Harris Technologies from $270.00 to $265.00 and set an “overweight” rating on the stock in a research report on Thursday. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, L3Harris Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $266.19.

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.