L3Harris Technologies, Inc. (NYSE:LHX) Stock Holdings Lifted by Commonwealth Retirement Investments LLC

Commonwealth Retirement Investments LLC raised its stake in L3Harris Technologies, Inc. (NYSE:LHX) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,277 shares of the company’s stock after buying an additional 152 shares during the period. Commonwealth Retirement Investments LLC’s holdings in L3Harris Technologies were worth $1,530,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Blue Trust Inc. raised its stake in L3Harris Technologies by 96.7% during the 3rd quarter. Blue Trust Inc. now owns 653 shares of the company’s stock valued at $147,000 after purchasing an additional 321 shares during the period. International Assets Investment Management LLC raised its stake in L3Harris Technologies by 23,627.0% during the 3rd quarter. International Assets Investment Management LLC now owns 170,597 shares of the company’s stock valued at $40,580,000 after purchasing an additional 169,878 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in L3Harris Technologies by 38.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,622 shares of the company’s stock valued at $2,966,000 after purchasing an additional 3,521 shares during the period. Modera Wealth Management LLC raised its stake in L3Harris Technologies by 2.9% during the 3rd quarter. Modera Wealth Management LLC now owns 6,666 shares of the company’s stock valued at $1,586,000 after purchasing an additional 190 shares during the period. Finally, State of Alaska Department of Revenue raised its stake in L3Harris Technologies by 6.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 22,038 shares of the company’s stock valued at $5,242,000 after purchasing an additional 1,415 shares during the period. Institutional investors own 84.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on LHX. JPMorgan Chase & Co. cut their target price on shares of L3Harris Technologies from $265.00 to $255.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Royal Bank of Canada reissued a “sector perform” rating and set a $240.00 target price on shares of L3Harris Technologies in a research note on Friday, January 31st. UBS Group boosted their target price on shares of L3Harris Technologies from $228.00 to $237.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft lowered their price target on shares of L3Harris Technologies from $250.00 to $229.00 and set a “hold” rating on the stock in a report on Thursday, January 2nd. Finally, Morgan Stanley lowered their price target on shares of L3Harris Technologies from $260.00 to $250.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, L3Harris Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $262.67.

L3Harris Technologies Trading Up 0.4 %

Shares of NYSE:LHX opened at $199.89 on Tuesday. The stock has a market capitalization of $37.64 billion, a PE ratio of 25.40, a P/E/G ratio of 2.42 and a beta of 0.76. L3Harris Technologies, Inc. has a 1 year low of $193.09 and a 1 year high of $265.74. The firm has a fifty day moving average price of $209.82 and a 200 day moving average price of $228.88. The company has a current ratio of 1.08, a quick ratio of 0.90 and a debt-to-equity ratio of 0.57.

L3Harris Technologies (NYSE:LHX) last posted its earnings results on Thursday, January 30th. The company reported $3.47 earnings per share for the quarter, topping the consensus estimate of $3.43 by $0.04. L3Harris Technologies had a return on equity of 13.11% and a net margin of 7.04%. Analysts expect that L3Harris Technologies, Inc. will post 11.12 EPS for the current fiscal year.

Insiders Place Their Bets

In other L3Harris Technologies news, insider Ross Niebergall sold 1,764 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $223.62, for a total transaction of $394,465.68. Following the completion of the sale, the insider now owns 8,576 shares of the company’s stock, valued at $1,917,765.12. This represents a 17.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 4,901 shares of company stock valued at $1,059,757 over the last 90 days. 0.87% of the stock is currently owned by company insiders.

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.