L3Harris Technologies, Inc. (NYSE:LHX) Shares Purchased by WealthShield Partners LLC

WealthShield Partners LLC increased its position in shares of L3Harris Technologies, Inc. (NYSE:LHXFree Report) by 46.1% during the 4th quarter, HoldingsChannel reports. The fund owned 16,009 shares of the company’s stock after acquiring an additional 5,052 shares during the quarter. WealthShield Partners LLC’s holdings in L3Harris Technologies were worth $3,372,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of LHX. Cowa LLC acquired a new position in L3Harris Technologies in the first quarter valued at about $26,000. Mascoma Wealth Management LLC purchased a new stake in L3Harris Technologies during the third quarter worth about $27,000. Strategic Investment Solutions Inc. IL purchased a new stake in L3Harris Technologies during the first quarter worth about $27,000. KB Financial Partners LLC increased its stake in L3Harris Technologies by 96.5% during the third quarter. KB Financial Partners LLC now owns 167 shares of the company’s stock worth $29,000 after purchasing an additional 82 shares during the period. Finally, First Capital Advisors Group LLC. purchased a new stake in L3Harris Technologies during the second quarter worth about $29,000. Institutional investors and hedge funds own 84.76% of the company’s stock.

L3Harris Technologies Stock Down 1.0 %

NYSE LHX traded down $2.00 on Wednesday, reaching $203.20. The stock had a trading volume of 775,551 shares, compared to its average volume of 1,127,665. L3Harris Technologies, Inc. has a 1 year low of $160.25 and a 1 year high of $218.34. The company has a current ratio of 1.01, a quick ratio of 0.82 and a debt-to-equity ratio of 0.59. The business has a 50 day moving average price of $211.24 and a 200 day moving average price of $197.40. The company has a market capitalization of $38.63 billion, a price-to-earnings ratio of 31.62, a P/E/G ratio of 1.94 and a beta of 0.65.

L3Harris Technologies (NYSE:LHXGet Free Report) last released its quarterly earnings results on Friday, January 26th. The company reported $3.35 earnings per share for the quarter, beating analysts’ consensus estimates of $3.31 by $0.04. L3Harris Technologies had a return on equity of 12.68% and a net margin of 6.32%. The firm had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.28 billion. During the same period last year, the firm posted $3.27 EPS. The business’s revenue was up 16.6% on a year-over-year basis. On average, analysts forecast that L3Harris Technologies, Inc. will post 12.73 EPS for the current fiscal year.

L3Harris Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 2.28%. This is a positive change from L3Harris Technologies’s previous quarterly dividend of $1.14. The ex-dividend date was Thursday, March 7th. L3Harris Technologies’s dividend payout ratio (DPR) is presently 72.05%.

Insider Transactions at L3Harris Technologies

In related news, CEO Christopher E. Kubasik sold 40,000 shares of the company’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $212.22, for a total value of $8,488,800.00. Following the completion of the sale, the chief executive officer now owns 116,175 shares in the company, valued at $24,654,658.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Christopher E. Kubasik sold 40,000 shares of the company’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $212.22, for a total transaction of $8,488,800.00. Following the completion of the transaction, the chief executive officer now directly owns 116,175 shares of the company’s stock, valued at $24,654,658.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Edward J. Zoiss sold 3,707 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $211.47, for a total value of $783,919.29. Following the transaction, the insider now directly owns 28,644 shares of the company’s stock, valued at $6,057,346.68. The disclosure for this sale can be found here. Insiders sold a total of 48,362 shares of company stock worth $10,261,360 over the last 90 days. 0.87% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on LHX. UBS Group upped their target price on shares of L3Harris Technologies from $222.00 to $229.00 and gave the stock a “neutral” rating in a research note on Monday, January 29th. Raymond James raised their price target on L3Harris Technologies from $220.00 to $235.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. StockNews.com cut L3Harris Technologies from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. Royal Bank of Canada raised their price target on L3Harris Technologies from $235.00 to $245.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. Finally, Truist Financial lifted their price objective on L3Harris Technologies from $224.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, December 14th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, L3Harris Technologies currently has an average rating of “Moderate Buy” and an average target price of $229.00.

Get Our Latest Report on L3Harris Technologies

L3Harris Technologies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for L3Harris Technologies (NYSE:LHX)

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