LaFleur & Godfrey LLC Raises Position in L3Harris Technologies, Inc. (NYSE:LHX)

LaFleur & Godfrey LLC lifted its stake in L3Harris Technologies, Inc. (NYSE:LHX) by 58.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 26,799 shares of the company’s stock after purchasing an additional 9,873 shares during the quarter. LaFleur & Godfrey LLC’s holdings in L3Harris Technologies were worth $5,635,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Archer Investment Corp lifted its position in L3Harris Technologies by 48.9% in the third quarter. Archer Investment Corp now owns 131 shares of the company’s stock worth $31,000 after buying an additional 43 shares during the last quarter. Kennebec Savings Bank purchased a new stake in shares of L3Harris Technologies in the third quarter valued at $36,000. Trust Co. of Vermont lifted its holdings in shares of L3Harris Technologies by 78.9% in the 4th quarter. Trust Co. of Vermont now owns 195 shares of the company’s stock worth $41,000 after acquiring an additional 86 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of L3Harris Technologies in the 3rd quarter worth about $64,000. Finally, Armstrong Advisory Group Inc. boosted its stake in shares of L3Harris Technologies by 1,660.0% during the 4th quarter. Armstrong Advisory Group Inc. now owns 352 shares of the company’s stock worth $74,000 after purchasing an additional 332 shares during the period. Institutional investors own 84.76% of the company’s stock.

Analysts Set New Price Targets

LHX has been the topic of a number of recent analyst reports. Raymond James lowered shares of L3Harris Technologies from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd. JPMorgan Chase & Co. reduced their price target on L3Harris Technologies from $270.00 to $265.00 and set an “overweight” rating on the stock in a report on Thursday. Deutsche Bank Aktiengesellschaft dropped their price objective on L3Harris Technologies from $250.00 to $229.00 and set a “hold” rating for the company in a report on Thursday, January 2nd. StockNews.com raised L3Harris Technologies from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. Finally, Truist Financial decreased their target price on L3Harris Technologies from $300.00 to $283.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $266.19.

L3Harris Technologies Price Performance

Shares of LHX opened at $218.22 on Monday. 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 company has a 50 day moving average price of $227.28 and a 200-day moving average price of $233.03. L3Harris Technologies, Inc. has a fifty-two week low of $200.18 and a fifty-two week high of $265.74. The stock has a market capitalization of $41.39 billion, a PE ratio of 34.47, a PEG ratio of 1.68 and a beta of 0.75.

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

Insider Activity at L3Harris Technologies

In related news, insider Ross Niebergall sold 1,373 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $210.06, for a total transaction of $288,412.38. Following the completion of the sale, the insider now owns 5,049 shares of the company’s stock, valued at $1,060,592.94. This represents a 21.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 7,889 shares of company stock valued at $1,800,572 over the last quarter. 0.87% of the stock is owned by corporate insiders.

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.