L3Harris Technologies, Inc. (NYSE:LHX) Shares Acquired by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC grew its position in L3Harris Technologies, Inc. (NYSE:LHX) by 10.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,578 shares of the company’s stock after buying an additional 698 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in L3Harris Technologies were worth $1,594,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the business. Public Sector Pension Investment Board lifted its position in L3Harris Technologies by 72.6% in the second quarter. Public Sector Pension Investment Board now owns 7,208 shares of the company’s stock valued at $1,619,000 after purchasing an additional 3,032 shares during the period. AXA S.A. acquired a new position in L3Harris Technologies during the second quarter worth approximately $292,000. Mackenzie Financial Corp raised its position in shares of L3Harris Technologies by 2.5% in the 2nd quarter. Mackenzie Financial Corp now owns 17,342 shares of the company’s stock worth $3,895,000 after buying an additional 416 shares during the period. Ascent Group LLC lifted its position in L3Harris Technologies by 14.9% during the second quarter. Ascent Group LLC now owns 11,199 shares of the company’s stock valued at $2,515,000 after buying an additional 1,449 shares in the last quarter. Finally, Magnolia Capital Advisors LLC purchased a new stake in shares of L3Harris Technologies in the second quarter worth about $720,000. 84.76% of the stock is currently owned by institutional investors and hedge funds.

L3Harris Technologies Price Performance

Shares of LHX opened at $222.31 on Tuesday. The stock has a market cap of $42.16 billion, a PE ratio of 35.12, a price-to-earnings-growth ratio of 1.75 and a beta of 0.75. The firm’s 50-day simple moving average is $223.62 and its two-hundred day simple moving average is $232.90. L3Harris Technologies, Inc. has a fifty-two week low of $200.18 and a fifty-two week high of $265.74. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.87 and a current ratio of 1.04.

Insider Buying and Selling

In other news, insider Ross Niebergall sold 1,373 shares of L3Harris Technologies stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $210.06, for a total transaction of $288,412.38. Following the sale, the insider now owns 5,049 shares in the company, valued at $1,060,592.94. This trade represents a 21.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold 7,889 shares of company stock valued at $1,800,572 over the last 90 days. Company insiders own 0.82% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Susquehanna cut their price target on L3Harris Technologies from $300.00 to $258.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Sanford C. Bernstein upgraded shares of L3Harris Technologies from a “market perform” rating to an “outperform” rating and reduced their price target for the company from $289.00 to $267.00 in a research report on Wednesday, January 8th. 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. Deutsche Bank Aktiengesellschaft lowered their price objective on L3Harris Technologies from $250.00 to $229.00 and set a “hold” rating on the stock in a report on Thursday, January 2nd. Finally, Truist Financial dropped their price target on L3Harris Technologies from $300.00 to $283.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average 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.