Hilltop National Bank Has $108,000 Stock Position in L3Harris Technologies, Inc. (NYSE:LHX)

Hilltop National Bank grew its stake in L3Harris Technologies, Inc. (NYSE:LHX) by 36.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 480 shares of the company’s stock after buying an additional 128 shares during the quarter. Hilltop National Bank’s holdings in L3Harris Technologies were worth $108,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Bfsg LLC bought a new position in L3Harris Technologies during the 1st quarter worth about $25,000. Transcendent Capital Group LLC bought a new position in shares of L3Harris Technologies during the 4th quarter worth approximately $28,000. EntryPoint Capital LLC raised its holdings in shares of L3Harris Technologies by 70.4% in the first quarter. EntryPoint Capital LLC now owns 167 shares of the company’s stock valued at $36,000 after purchasing an additional 69 shares during the last quarter. Blue Trust Inc. boosted its holdings in L3Harris Technologies by 178.7% during the fourth quarter. Blue Trust Inc. now owns 170 shares of the company’s stock worth $36,000 after purchasing an additional 109 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in L3Harris Technologies by 77.7% in the second quarter. Versant Capital Management Inc now owns 183 shares of the company’s stock valued at $41,000 after purchasing an additional 80 shares in the last quarter. Institutional investors own 84.76% of the company’s stock.

Insider Buying and Selling at L3Harris Technologies

In other L3Harris Technologies news, CEO Christopher E. Kubasik sold 26,190 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $225.70, for a total value of $5,911,083.00. Following the sale, the chief executive officer now owns 120,326 shares of the company’s stock, valued at approximately $27,157,578.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, VP Sean J. Stackley sold 3,354 shares of the stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $216.73, for a total value of $726,912.42. Following the completion of the transaction, the vice president now owns 14,186 shares of the company’s stock, valued at approximately $3,074,531.78. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Christopher E. Kubasik sold 26,190 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $225.70, for a total transaction of $5,911,083.00. Following the completion of the sale, the chief executive officer now owns 120,326 shares in the company, valued at approximately $27,157,578.20. The disclosure for this sale can be found here. Insiders sold a total of 109,312 shares of company stock worth $24,712,822 over the last three months. Corporate insiders own 0.82% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on LHX shares. Susquehanna boosted their price target on shares of L3Harris Technologies from $260.00 to $270.00 and gave the stock a “positive” rating in a research report on Monday, July 29th. Wells Fargo & Company cut their price objective on L3Harris Technologies from $262.00 to $260.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. Royal Bank of Canada reiterated an “outperform” rating and issued a $250.00 price target on shares of L3Harris Technologies in a research note on Monday, July 29th. Barclays upped their target price on shares of L3Harris Technologies from $245.00 to $265.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. Finally, Alembic Global Advisors raised L3Harris Technologies from a “neutral” rating to an “overweight” rating and set a $238.00 price target on the stock in a research report on Monday, April 22nd. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $238.50.

L3Harris Technologies Price Performance

NYSE LHX traded up $0.87 during midday trading on Wednesday, hitting $226.83. The company had a trading volume of 730,191 shares, compared to its average volume of 1,003,830. The firm has a 50-day moving average price of $226.79 and a 200-day moving average price of $217.22. The company has a market capitalization of $43.03 billion, a PE ratio of 36.82, a P/E/G ratio of 1.90 and a beta of 0.72. The company has a current ratio of 0.90, a quick ratio of 0.74 and a debt-to-equity ratio of 0.56. L3Harris Technologies, Inc. has a twelve month low of $160.25 and a twelve month high of $245.60.

L3Harris Technologies (NYSE:LHX) last posted its quarterly earnings data on Thursday, July 25th. The company reported $3.24 earnings per share for the quarter, topping the consensus estimate of $3.18 by $0.06. L3Harris Technologies had a net margin of 5.73% and a return on equity of 13.02%. The business had revenue of $5.30 billion during the quarter, compared to analysts’ expectations of $5.30 billion. During the same quarter in the prior year, the business posted $2.97 earnings per share. L3Harris Technologies’s revenue was up 12.9% compared to the same quarter last year. As a group, analysts anticipate that L3Harris Technologies, Inc. will post 13.04 earnings per share for the current fiscal year.

L3Harris Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be paid a $1.16 dividend. The ex-dividend date is Friday, September 6th. This represents a $4.64 dividend on an annualized basis and a yield of 2.05%. L3Harris Technologies’s dividend payout ratio (DPR) is 75.32%.

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.