L3Harris Technologies, Inc. (NYSE:LHX) Shares Sold by Hunter Associates Investment Management LLC

Hunter Associates Investment Management LLC decreased its stake in L3Harris Technologies, Inc. (NYSE:LHX) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,188 shares of the company’s stock after selling 99 shares during the period. Hunter Associates Investment Management LLC’s holdings in L3Harris Technologies were worth $460,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in LHX. Norges Bank acquired a new stake in shares of L3Harris Technologies in the fourth quarter valued at about $342,413,000. Cowa LLC purchased a new position in L3Harris Technologies during the 1st quarter valued at about $26,000. Renaissance Technologies LLC increased its holdings in L3Harris Technologies by 284.1% during the 1st quarter. Renaissance Technologies LLC now owns 766,870 shares of the company’s stock valued at $150,491,000 after acquiring an additional 567,200 shares in the last quarter. Two Sigma Investments LP purchased a new position in L3Harris Technologies during the 1st quarter valued at about $83,532,000. Finally, Manning & Napier Group LLC increased its holdings in L3Harris Technologies by 58.6% during the 3rd quarter. Manning & Napier Group LLC now owns 1,034,176 shares of the company’s stock valued at $180,071,000 after acquiring an additional 381,997 shares in the last quarter. Institutional investors and hedge funds own 84.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Royal Bank of Canada raised their target price on shares of L3Harris Technologies from $235.00 to $245.00 and gave the company an “outperform” rating in a report on Monday, January 29th. JPMorgan Chase & Co. upgraded shares of L3Harris Technologies from a “neutral” rating to an “overweight” rating and set a $240.00 price target for the company in a report on Thursday, January 11th. Raymond James lifted their price target on shares of L3Harris Technologies from $220.00 to $235.00 and gave the stock an “outperform” rating in a report on Monday, January 29th. Wells Fargo & Company lowered their price target on shares of L3Harris Technologies from $250.00 to $238.00 and set an “overweight” rating for the company in a report on Tuesday, January 30th. Finally, StockNews.com downgraded shares of L3Harris Technologies from a “buy” rating to a “hold” rating in a report on Monday, January 29th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $229.00.

L3Harris Technologies Stock Up 1.7 %

Shares of NYSE LHX traded up $3.37 during trading on Friday, reaching $205.45. 898,618 shares of the stock were exchanged, compared to its average volume of 996,133. The business’s 50-day moving average price is $210.30 and its 200 day moving average price is $199.84. L3Harris Technologies, Inc. has a twelve month low of $160.25 and a twelve month high of $218.34. The company has a quick ratio of 0.82, a current ratio of 1.01 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $39.06 billion, a price-to-earnings ratio of 31.90, a price-to-earnings-growth ratio of 1.88 and a beta of 0.65.

L3Harris Technologies (NYSE:LHX) last issued its quarterly earnings results on Friday, January 26th. The company reported $3.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.31 by $0.04. The business had revenue of $5.34 billion during 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 was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.27 earnings per share. As a group, equities analysts forecast that L3Harris Technologies, Inc. will post 12.73 EPS for the current fiscal year.

L3Harris Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 2.26%. L3Harris Technologies’s payout ratio is 72.05%.

Insider Buying and Selling at L3Harris Technologies

In other L3Harris Technologies news, CEO Christopher E. Kubasik sold 40,000 shares of the business’s stock in a transaction on 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 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 legal filing with the SEC, which can be accessed through the SEC website. In other news, Director William H. Swanson purchased 1,250 shares of the stock in a transaction dated Thursday, March 14th. The stock was acquired at an average price of $215.35 per share, for a total transaction of $269,187.50. Following the completion of the transaction, the director now owns 1,543 shares of the company’s stock, valued at $332,285.05. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 transaction, the chief executive officer now owns 116,175 shares of the company’s stock, valued at approximately $24,654,658.50. 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. Insiders own 0.82% of the company’s stock.

L3Harris Technologies 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.