Harbor Investment Advisory LLC Sells 67 Shares of L3Harris Technologies, Inc. (NYSE:LHX)

Harbor Investment Advisory LLC trimmed its holdings in L3Harris Technologies, Inc. (NYSE:LHX) by 18.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 298 shares of the company’s stock after selling 67 shares during the quarter. Harbor Investment Advisory LLC’s holdings in L3Harris Technologies were worth $63,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LHX. AE Wealth Management LLC lifted its position in L3Harris Technologies by 64.0% in the second quarter. AE Wealth Management LLC now owns 2,772 shares of the company’s stock worth $623,000 after purchasing an additional 1,082 shares during the period. Pacer Advisors Inc. lifted its position in L3Harris Technologies by 1.2% in the second quarter. Pacer Advisors Inc. now owns 13,593 shares of the company’s stock worth $3,053,000 after purchasing an additional 166 shares during the period. ProShare Advisors LLC lifted its position in L3Harris Technologies by 8.6% in the second quarter. ProShare Advisors LLC now owns 26,202 shares of the company’s stock worth $5,884,000 after purchasing an additional 2,075 shares during the period. Frank Rimerman Advisors LLC lifted its position in L3Harris Technologies by 21,733.3% in the second quarter. Frank Rimerman Advisors LLC now owns 1,310 shares of the company’s stock worth $294,000 after purchasing an additional 1,304 shares during the period. Finally, 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 worth $1,619,000 after purchasing an additional 3,032 shares during the period. 84.76% of the stock is owned by institutional investors.

L3Harris Technologies Price Performance

Shares of LHX stock opened at $220.02 on Thursday. The stock has a 50-day moving average price of $225.58 and a 200 day moving average price of $233.04. 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 firm has a market cap of $41.73 billion, a price-to-earnings ratio of 34.76, a PEG ratio of 1.74 and a beta of 0.75. L3Harris Technologies, Inc. has a 12 month low of $200.18 and a 12 month high of $265.74.

L3Harris Technologies (NYSE:LHX) last announced its quarterly earnings data on Thursday, October 24th. The company reported $3.34 EPS for the quarter, topping analysts’ consensus estimates of $3.27 by $0.07. The firm had revenue of $5.29 billion during the quarter, compared to analyst estimates of $5.28 billion. L3Harris Technologies had a return on equity of 13.11% and a net margin of 5.71%. The company’s revenue was up 7.7% on a year-over-year basis. During the same period last year, the company earned $3.19 earnings per share. Research analysts expect that L3Harris Technologies, Inc. will post 13.07 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on LHX shares. Truist Financial reduced their target price on L3Harris Technologies from $300.00 to $283.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Citigroup increased their price objective on L3Harris Technologies from $268.00 to $291.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Wolfe Research upgraded L3Harris Technologies from a “peer perform” rating to an “outperform” rating and set a $300.00 price objective for the company in a research note on Thursday, October 10th. Wells Fargo & Company dropped their price objective on L3Harris Technologies from $295.00 to $287.00 and set an “overweight” rating for the company in a research note on Wednesday, December 11th. Finally, StockNews.com upgraded L3Harris Technologies from a “hold” rating to a “buy” rating in a research note on Monday, October 28th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $266.19.

Insider Buying and Selling

In related news, insider Ross Niebergall sold 1,373 shares of L3Harris Technologies stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $210.06, for a total value of $288,412.38. Following the completion of the sale, the insider now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 7,889 shares of company stock worth $1,800,572 over the last three months. 0.87% of the stock is currently owned by company insiders.

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.