L3Harris Technologies, Inc. (NYSE:LHX) Shares Purchased by Heritage Investors Management Corp

Heritage Investors Management Corp boosted its holdings in shares of L3Harris Technologies, Inc. (NYSE:LHX) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,233 shares of the company’s stock after acquiring an additional 200 shares during the period. Heritage Investors Management Corp’s holdings in L3Harris Technologies were worth $6,578,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. KB Financial Partners LLC raised its holdings in L3Harris Technologies by 96.5% in the 3rd quarter. KB Financial Partners LLC now owns 167 shares of the company’s stock valued at $29,000 after acquiring an additional 82 shares during the last quarter. New England Capital Financial Advisors LLC acquired a new stake in L3Harris Technologies in the 3rd quarter worth about $35,000. Blue Trust Inc. grew its holdings in L3Harris Technologies by 178.7% in the 4th quarter. Blue Trust Inc. now owns 170 shares of the company’s stock valued at $36,000 after buying an additional 109 shares during the period. Washington Trust Advisors Inc. increased its stake in shares of L3Harris Technologies by 80.6% during the 4th quarter. Washington Trust Advisors Inc. now owns 177 shares of the company’s stock valued at $37,000 after acquiring an additional 79 shares during the last quarter. Finally, Bruce G. Allen Investments LLC purchased a new position in shares of L3Harris Technologies during the 4th quarter worth about $46,000. Hedge funds and other institutional investors own 84.76% of the company’s stock.

Insider Buying and Selling

In related news, CEO Christopher E. Kubasik sold 40,000 shares of L3Harris Technologies stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $212.22, for a total transaction of $8,488,800.00. Following the sale, the chief executive officer now directly owns 116,175 shares in the company, valued at $24,654,658.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Christopher E. Kubasik sold 40,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 116,175 shares of the company’s stock, valued at $24,654,658.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Scott T. Mikuen sold 3,363 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $212.86, for a total value of $715,848.18. Following the transaction, the senior vice president now directly owns 55,254 shares of the company’s stock, valued at $11,761,366.44. The disclosure for this sale can be found here. Insiders sold 48,362 shares of company stock valued at $10,261,360 in the last three months. 0.87% of the stock is currently owned by corporate insiders.

L3Harris Technologies Stock Performance

Shares of L3Harris Technologies stock traded up $3.74 on Thursday, reaching $219.55. 825,370 shares of the company were exchanged, compared to its average volume of 1,111,450. L3Harris Technologies, Inc. has a 1-year low of $160.25 and a 1-year high of $219.88. The firm has a market cap of $41.64 billion, a price-to-earnings ratio of 35.63, a P/E/G ratio of 1.88 and a beta of 0.63. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.80 and a current ratio of 0.98. The company’s 50-day moving average is $210.38 and its two-hundred day moving average is $203.50.

L3Harris Technologies (NYSE:LHX) last posted its earnings results on Thursday, April 25th. The company reported $3.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.89 by $0.17. L3Harris Technologies had a return on equity of 12.82% and a net margin of 5.82%. The company had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $5.11 billion. During the same period last year, the business posted $2.86 earnings per share. The firm’s quarterly revenue was up 16.6% compared to the same quarter last year. As a group, research analysts expect that L3Harris Technologies, Inc. will post 12.91 earnings per share for the current fiscal year.

L3Harris Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th will be given a dividend of $1.16 per share. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $4.64 annualized dividend and a dividend yield of 2.11%. L3Harris Technologies’s dividend payout ratio is presently 75.32%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on LHX shares. Alembic Global Advisors raised shares of L3Harris Technologies from a “neutral” rating to an “overweight” rating and set a $238.00 price target for the company in a research report on Monday, April 22nd. UBS Group lifted their target price on L3Harris Technologies from $222.00 to $229.00 and gave the company a “neutral” rating in a report on Monday, January 29th. JPMorgan Chase & Co. boosted their price target on L3Harris Technologies from $240.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Royal Bank of Canada raised their price objective on L3Harris Technologies from $245.00 to $250.00 and gave the stock an “outperform” rating in a report on Monday, April 29th. Finally, Wells Fargo & Company boosted their target price on L3Harris Technologies from $238.00 to $245.00 and gave the stock an “overweight” rating in a report on Tuesday. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, L3Harris Technologies currently has an average rating of “Moderate Buy” and an average price target of $231.80.

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.