Forza Wealth Management LLC Has $406,000 Holdings in L3Harris Technologies, Inc. (NYSE:LHX)

Forza Wealth Management LLC trimmed its holdings in L3Harris Technologies, Inc. (NYSE:LHX) by 7.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,931 shares of the company’s stock after selling 165 shares during the period. Forza Wealth Management LLC’s holdings in L3Harris Technologies were worth $406,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Capital Investment Advisors LLC raised its holdings in L3Harris Technologies by 13.1% during the 4th quarter. Capital Investment Advisors LLC now owns 6,211 shares of the company’s stock worth $1,306,000 after buying an additional 718 shares during the period. Brookstone Capital Management raised its holdings in shares of L3Harris Technologies by 11.3% during the fourth quarter. Brookstone Capital Management now owns 3,620 shares of the company’s stock worth $761,000 after acquiring an additional 368 shares during the period. Fiduciary Alliance LLC lifted its position in L3Harris Technologies by 23.8% in the 4th quarter. Fiduciary Alliance LLC now owns 2,458 shares of the company’s stock valued at $517,000 after acquiring an additional 473 shares in the last quarter. Czech National Bank boosted its stake in L3Harris Technologies by 6.4% in the 4th quarter. Czech National Bank now owns 41,124 shares of the company’s stock worth $8,648,000 after purchasing an additional 2,480 shares during the period. Finally, Harbor Capital Advisors Inc. raised its stake in shares of L3Harris Technologies by 2.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 4,919 shares of the company’s stock valued at $1,034,000 after purchasing an additional 113 shares during the period. 84.76% of the stock is currently owned by institutional investors.

L3Harris Technologies Price Performance

NYSE LHX traded up $5.18 during trading on Monday, hitting $213.46. 581,827 shares of the company’s stock were exchanged, compared to its average volume of 1,195,693. The stock’s 50 day moving average price is $231.09 and its two-hundred day moving average price is $233.37. L3Harris Technologies, Inc. has a fifty-two week low of $200.18 and a fifty-two week high of $265.74. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 0.58. The company has a market cap of $40.49 billion, a PE ratio of 33.72, a P/E/G ratio of 1.86 and a beta of 0.75.

L3Harris Technologies (NYSE:LHX) last issued its earnings results on Thursday, October 24th. The company reported $3.34 earnings per share for the quarter, beating analysts’ consensus estimates of $3.27 by $0.07. L3Harris Technologies had a net margin of 5.71% and a return on equity of 13.11%. The firm had revenue of $5.29 billion for the quarter, compared to analyst estimates of $5.28 billion. During the same quarter last year, the business posted $3.19 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. Research analysts expect that L3Harris Technologies, Inc. will post 13.09 EPS for the current year.

L3Harris Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 18th were issued a $1.16 dividend. The ex-dividend date was Monday, November 18th. This represents a $4.64 dividend on an annualized basis and a yield of 2.17%. L3Harris Technologies’s dividend payout ratio (DPR) is presently 73.30%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of L3Harris Technologies from $250.00 to $229.00 and set a “hold” rating for the company in a research note on Thursday, January 2nd. Wolfe Research upgraded L3Harris Technologies from a “peer perform” rating to an “outperform” rating and set a $300.00 price objective for the company in a report on Thursday, October 10th. Susquehanna reduced their price target on L3Harris Technologies from $300.00 to $258.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. StockNews.com raised L3Harris Technologies from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. Finally, Sanford C. Bernstein raised L3Harris Technologies from a “market perform” rating to an “outperform” rating and cut their price objective for the company from $289.00 to $267.00 in a report on Wednesday, January 8th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $266.31.

Insider Buying and Selling

In related news, insider Ross Niebergall sold 1,373 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $210.06, for a total value of $288,412.38. Following the sale, the insider now directly owns 5,049 shares in the company, valued at $1,060,592.94. This represents a 21.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 7,889 shares of company stock worth $1,800,572 in the last ninety days. Company insiders own 0.82% of the company’s stock.

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.