1 week Ago By ABMN Staff
Central Pacific Bank Trust Division boosted its holdings in L3Harris Technologies, Inc. ( NYSE:LHX – Free Report ) by 23.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC.
The fund owned 984 shares of the company’s stock after purchasing an additional 184 shares during the period. Central Pacific Bank Trust Division’s holdings in L3Harris Technologies were worth $207,000 at the end of the most recent reporting period. A number of other hedge funds have also recently bought and sold shares of the business.
GAMMA Investing LLC grew its position in shares of L3Harris Technologies by 26.4% during the fourth quarter. GAMMA Investing LLC now owns 2,790 shares of the company’s stock worth $587,000 after buying an additional 582 shares in the last quarter.
Versant Capital Management Inc boosted its stake in L3Harris Technologies by 133.7% during the 4th quarter. Versant Capital Management Inc now owns 472 shares of the company’s stock valued at $99,000 after acquiring an additional 270 shares during the last quarter.
JPMorgan Chase & Co. grew its holdings in L3Harris Technologies by 29.9% during the 3rd quarter.
JPMorgan Chase & Co. now owns 774,560 shares of the company’s stock worth $184,245,000 after acquiring an additional 178,407 shares in the last quarter. Independent Solutions Wealth Management LLC bought a new stake in shares of L3Harris Technologies in the 3rd quarter worth about $250,000.
Finally, Principal Financial Group Inc. raised its stake in shares of L3Harris Technologies by 2.0% in the 3rd quarter.
Principal Financial Group Inc. now owns 220,269 shares of the company’s stock valued at $52,395,000 after purchasing an additional 4,321 shares in the last quarter. Institutional investors and hedge funds own 84.
76% of the company’s stock. L3Harris Technologies Stock Performance Shares of LHX stock opened at $209.75 on Friday.
L3Harris Technologies, Inc. has a 12-month low of $200.18 and a 12-month high of $265.
74. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.
04 and a quick ratio of 0.87. The firm has a market capitalization of $39.
78 billion, a price-to-earnings ratio of 33.14, a price-to-earnings-growth ratio of 1.86 and a beta of 0.
72. The business has a 50 day simple moving average of $235.18 and a 200 day simple moving average of $233.
87. L3Harris Technologies Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 18th were paid a $1.
16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.
21%. The ex-dividend date was Monday, November 18th. L3Harris Technologies’s dividend payout ratio is currently 73.
30%. Insider Activity In other news, insider Ross Niebergall sold 1,764 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $223.
62, for a total value of $394,465.68. Following the completion of the sale, the insider now owns 8,576 shares in the company, valued at $1,917,765.
12. This represents a 17.06 % decrease in their ownership of the stock.
The sale was disclosed in a filing with the SEC, which is available through this link . Insiders sold 7,889 shares of company stock worth $1,800,572 over the last three months. Corporate insiders own 0.
82% of the company’s stock. Wall Street Analyst Weigh In LHX has been the subject of several research analyst reports. Argus raised L3Harris Technologies from a “hold” rating to a “buy” rating and set a $300.
00 price objective for the company in a report on Tuesday, November 26th. Wells Fargo & Company dropped their price target on L3Harris Technologies from $295.00 to $287.
00 and set an “overweight” rating on the stock in a research report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of L3Harris Technologies from $250.00 to $229.
00 and set a “hold” rating for the company in a report on Thursday. Raymond James cut shares of L3Harris Technologies from an “outperform” rating to a “market perform” rating in a report on Thursday. Finally, StockNews.
com raised shares of L3Harris Technologies from a “hold” rating to a “buy” rating in a report on Monday, October 28th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, L3Harris Technologies has a consensus rating of “Moderate Buy” and an average target price of $267.
73. Check Out Our Latest Report on L3Harris Technologies L3Harris Technologies Company Profile ( Free Report ) 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.
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