RPG Investment Advisory LLC Purchases 1,896 Shares of L3Harris Technologies, Inc. (NYSE:LHX)

RPG Investment Advisory LLC boosted its position in shares of L3Harris Technologies, Inc. (NYSE:LHX) by 5.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 35,164 shares of the company’s stock after buying an additional 1,896 shares during the quarter. RPG Investment Advisory LLC’s holdings in L3Harris Technologies were worth $7,394,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd raised its holdings in L3Harris Technologies by 232.5% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 36,616 shares of the company’s stock worth $7,700,000 after purchasing an additional 25,604 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of L3Harris Technologies during the 4th quarter worth about $33,000. Howard Capital Management Inc. grew its position in shares of L3Harris Technologies by 5.4% during the 4th quarter. Howard Capital Management Inc. now owns 1,234 shares of the company’s stock worth $259,000 after buying an additional 63 shares during the period. Olympiad Research LP acquired a new position in shares of L3Harris Technologies during the 4th quarter worth about $237,000. Finally, Pinnacle Financial Partners Inc grew its position in shares of L3Harris Technologies by 1.0% during the 4th quarter. Pinnacle Financial Partners Inc now owns 36,072 shares of the company’s stock worth $7,585,000 after buying an additional 349 shares during the period. 84.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on LHX. Barclays decreased their target price on L3Harris Technologies from $290.00 to $255.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Bank of America decreased their price objective on L3Harris Technologies from $300.00 to $265.00 and set a “buy” rating for the company in a research report on Tuesday, February 4th. Wells Fargo & Company decreased their price objective on L3Harris Technologies from $295.00 to $287.00 and set an “overweight” rating for the company in a research report on Wednesday, December 11th. Morgan Stanley decreased their price objective on L3Harris Technologies from $260.00 to $250.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. Finally, StockNews.com upgraded L3Harris Technologies from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. Five 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, L3Harris Technologies has a consensus rating of “Moderate Buy” and an average price target of $262.67.

Insider Activity at L3Harris Technologies

In other L3Harris Technologies news, insider Ross Niebergall sold 1,764 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $213.65, for a total value of $376,878.60. Following the transaction, the insider now directly owns 6,812 shares of the company’s stock, valued at $1,455,383.80. This represents a 20.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In the last quarter, insiders have sold 4,901 shares of company stock worth $1,059,757. Company insiders own 0.82% of the company’s stock.

L3Harris Technologies Trading Up 1.0 %

Shares of L3Harris Technologies stock opened at $199.13 on Monday. L3Harris Technologies, Inc. has a 12-month low of $193.09 and a 12-month high of $265.74. The stock has a market cap of $37.50 billion, a P/E ratio of 25.30, a P/E/G ratio of 2.42 and a beta of 0.76. The company has a quick ratio of 0.90, a current ratio of 1.08 and a debt-to-equity ratio of 0.57. The business’s 50 day moving average is $210.26 and its 200-day moving average is $229.10.

L3Harris Technologies (NYSE:LHX) last announced its quarterly earnings data on Thursday, January 30th. The company reported $3.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.43 by $0.04. L3Harris Technologies had a return on equity of 13.11% and a net margin of 7.04%. Equities research analysts predict that L3Harris Technologies, Inc. will post 11.12 earnings per share for the current fiscal year.

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.