L3Harris Technologies, Inc. (NYSE:LHX) Stock Position Raised by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC lifted its stake in shares of L3Harris Technologies, Inc. (NYSE:LHX) by 7.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,948 shares of the company’s stock after purchasing an additional 759 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in L3Harris Technologies were worth $2,302,000 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 LHX. Cyndeo Wealth Partners LLC increased its holdings in shares of L3Harris Technologies by 15.2% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 983 shares of the company’s stock valued at $207,000 after purchasing an additional 130 shares during the period. Dynamic Advisor Solutions LLC grew its position in L3Harris Technologies by 5.1% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 1,397 shares of the company’s stock valued at $294,000 after buying an additional 68 shares in the last quarter. Pflug Koory LLC increased its stake in L3Harris Technologies by 4.9% during the 4th quarter. Pflug Koory LLC now owns 4,974 shares of the company’s stock valued at $1,046,000 after buying an additional 234 shares during the period. Gradient Investments LLC raised its position in shares of L3Harris Technologies by 0.9% during the 4th quarter. Gradient Investments LLC now owns 56,704 shares of the company’s stock worth $11,924,000 after buying an additional 521 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of L3Harris Technologies by 51.9% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 14,320 shares of the company’s stock worth $3,011,000 after acquiring an additional 4,890 shares during the period. 84.76% of the stock is currently owned by institutional investors.

Insider Activity at L3Harris Technologies

In related news, insider Ross Niebergall sold 2,988 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $247.93, for a total value of $740,814.84. Following the transaction, the insider now owns 10,340 shares in the company, valued at approximately $2,563,596.20. This represents a 22.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 7,889 shares of company stock valued at $1,800,572. Insiders own 0.82% of the company’s stock.

Analyst Ratings Changes

LHX has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of L3Harris Technologies from $270.00 to $265.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Wells Fargo & Company dropped their price objective on L3Harris Technologies from $295.00 to $287.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 11th. Citigroup upped their price objective on L3Harris Technologies from $268.00 to $291.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Susquehanna lowered their target price on L3Harris Technologies from $300.00 to $258.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Finally, StockNews.com raised shares of L3Harris Technologies from a “hold” rating to a “buy” rating in a report on Monday, October 28th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $266.19.

L3Harris Technologies Stock Performance

LHX stock opened at $218.64 on Friday. The stock has a market cap of $41.47 billion, a P/E ratio of 34.54, a P/E/G ratio of 1.75 and a beta of 0.75. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.87 and a current ratio of 1.04. The firm has a 50 day simple moving average of $223.62 and a 200 day simple moving average of $232.81. L3Harris Technologies, Inc. has a 52 week low of $200.18 and a 52 week high of $265.74.

L3Harris Technologies (NYSE:LHX) last posted its quarterly earnings results on Thursday, October 24th. The company reported $3.34 EPS for the quarter, beating the consensus estimate of $3.27 by $0.07. L3Harris Technologies had a net margin of 5.71% and a return on equity of 13.11%. The business had revenue of $5.29 billion for the quarter, compared to analysts’ expectations of $5.28 billion. During the same period in the previous year, the company posted $3.19 EPS. L3Harris Technologies’s revenue was up 7.7% on a year-over-year basis. Research analysts anticipate that L3Harris Technologies, Inc. will post 13.07 earnings per share for the current fiscal year.

About L3Harris Technologies

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.