Physician Wealth Advisors Inc. Acquires Shares of 987 L3Harris Technologies, Inc. (NYSE:LHX)

Physician Wealth Advisors Inc. purchased a new stake in L3Harris Technologies, Inc. (NYSE:LHXFree Report) during the 4th quarter, HoldingsChannel reports. The fund purchased 987 shares of the company’s stock, valued at approximately $204,000.

Other large investors also recently modified their holdings of the company. Cowa LLC bought a new position in shares of L3Harris Technologies during the first quarter valued at $26,000. Mascoma Wealth Management LLC purchased a new position in shares of L3Harris Technologies in the 3rd quarter valued at $27,000. Strategic Investment Solutions Inc. IL purchased a new position in L3Harris Technologies during the 1st quarter worth $27,000. KB Financial Partners LLC lifted its position in L3Harris Technologies by 96.5% during the 3rd quarter. KB Financial Partners LLC now owns 167 shares of the company’s stock worth $29,000 after acquiring an additional 82 shares during the period. Finally, First Capital Advisors Group LLC. acquired a new position in L3Harris Technologies in the 2nd quarter worth about $29,000. 84.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other L3Harris Technologies news, insider Edward J. Zoiss sold 3,707 shares of the company’s 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 completion of the sale, the insider now owns 28,644 shares of the company’s stock, valued at $6,057,346.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Edward J. Zoiss sold 3,707 shares of L3Harris Technologies stock in a transaction 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 completion of the sale, the insider now owns 28,644 shares in the company, valued at approximately $6,057,346.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William H. Swanson purchased 1,250 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was bought at an average cost of $215.35 per share, for a total transaction of $269,187.50. Following the completion of the acquisition, the director now directly owns 1,543 shares in the company, valued at approximately $332,285.05. The disclosure for this purchase can be found here. In the last three months, insiders have sold 48,362 shares of company stock worth $10,261,360. Corporate insiders own 0.87% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. TheStreet upgraded L3Harris Technologies from a “c+” rating to a “b-” rating in a research note on Thursday, December 21st. Raymond James upped 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. JPMorgan Chase & Co. upgraded L3Harris Technologies from a “neutral” rating to an “overweight” rating and set a $240.00 price target for the company in a research report on Thursday, January 11th. StockNews.com lowered L3Harris Technologies from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. Finally, UBS Group upped their price target on L3Harris Technologies from $222.00 to $229.00 and gave the company a “neutral” rating in a research report on Monday, January 29th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $229.00.

View Our Latest Stock Report on LHX

L3Harris Technologies Price Performance

Shares of NYSE:LHX opened at $205.15 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 1.01 and a debt-to-equity ratio of 0.59. L3Harris Technologies, Inc. has a fifty-two week low of $160.25 and a fifty-two week high of $218.34. The firm has a 50-day simple moving average of $211.24 and a 200 day simple moving average of $197.40. The company has a market cap of $39.00 billion, a PE ratio of 31.86, a P/E/G ratio of 1.94 and a beta of 0.65.

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

L3Harris Technologies Increases Dividend

The business also recently declared 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 annualized dividend and a yield of 2.26%. This is a positive change from L3Harris Technologies’s previous quarterly dividend of $1.14. The ex-dividend date of this dividend was Thursday, March 7th. L3Harris Technologies’s dividend payout ratio (DPR) is currently 72.05%.

L3Harris Technologies Company 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.

See Also

Want to see what other hedge funds are holding LHX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for L3Harris Technologies, Inc. (NYSE:LHXFree Report).

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

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