3 hours Ago By ABMN Staff
Oakworth Capital Inc. grew its stake in shares of L3Harris Technologies, Inc. ( NYSE:LHX – Free Report ) by 24.
0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 671 shares of the company’s stock after purchasing an additional 130 shares during the period. Oakworth Capital Inc.
’s holdings in L3Harris Technologies were worth $160,000 as of its most recent filing with the Securities and Exchange Commission. Several other institutional investors have also recently made changes to their positions in LHX. Meeder Asset Management Inc.
raised its holdings in shares of L3Harris Technologies by 260.6% during the second quarter. Meeder Asset Management Inc.
now owns 119 shares of the company’s stock valued at $27,000 after purchasing an additional 86 shares during the period. EntryPoint Capital LLC raised its holdings in shares of L3Harris Technologies by 70.4% in the 1st quarter.
EntryPoint Capital LLC now owns 167 shares of the company’s stock worth $36,000 after acquiring an additional 69 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of L3Harris Technologies by 77.7% in the 2nd quarter.
Versant Capital Management Inc now owns 183 shares of the company’s stock worth $41,000 after acquiring an additional 80 shares during the last quarter. Family Firm Inc. acquired a new stake in shares of L3Harris Technologies in the 2nd quarter worth about $45,000.
Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of L3Harris Technologies in the 2nd quarter worth about $57,000. Institutional investors and hedge funds own 84.76% of the company’s stock.
Wall Street Analyst Weigh In A number of equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered their target price on shares of L3Harris Technologies from $252.00 to $250.
00 and set a “hold” rating on the stock in a report on Thursday, October 3rd. Susquehanna upped their target price on shares of L3Harris Technologies from $260.00 to $270.
00 and gave the stock a “positive” rating in a report on Monday, July 29th. Royal Bank of Canada lowered shares of L3Harris Technologies from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $250.00 to $240.
00 in a report on Wednesday, August 14th. Wells Fargo & Company lowered their target price on shares of L3Harris Technologies from $262.00 to $260.
00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Finally, Citigroup increased their price objective on shares of L3Harris Technologies from $268.00 to $291.
00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, L3Harris Technologies has an average rating of “Moderate Buy” and an average target price of $256.
71. Insider Buying and Selling In related news, insider Ross Niebergall sold 2,988 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $244.
68, for a total value of $731,103.84. Following the completion of the transaction, the insider now directly owns 13,328 shares of the company’s stock, valued at approximately $3,261,095.
04. This trade represents a 0.00 % decrease in their position.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink . 0.82% of the stock is owned by insiders.
L3Harris Technologies Stock Down 1.3 % L3Harris Technologies stock opened at $244.93 on Wednesday.
L3Harris Technologies, Inc. has a twelve month low of $169.55 and a twelve month high of $250.
88. The firm has a 50 day moving average price of $235.84 and a 200-day moving average price of $226.
63. The company has a market capitalization of $46.46 billion, a P/E ratio of 39.
76, a P/E/G ratio of 2.08 and a beta of 0.73.
The company has a quick ratio of 0.74, a current ratio of 0.90 and a debt-to-equity ratio of 0.
56. L3Harris Technologies ( NYSE:LHX – Get Free Report ) last released its earnings results on Thursday, July 25th. The company reported $3.
24 earnings per share for the quarter, beating analysts’ consensus estimates of $3.18 by $0.06.
L3Harris Technologies had a net margin of 5.73% and a return on equity of 13.02%.
The firm had revenue of $5.30 billion during the quarter, compared to the consensus estimate of $5.30 billion.
During the same period in the prior year, the firm earned $2.97 EPS. The company’s revenue was up 12.
9% compared to the same quarter last year. As a group, equities analysts predict that L3Harris Technologies, Inc. will post 13.
06 EPS for the current year. L3Harris Technologies Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 18th will be issued a $1.
16 dividend. This represents a $4.64 annualized dividend and a yield of 1.
89%. The ex-dividend date of this dividend is Monday, November 18th. L3Harris Technologies’s dividend payout ratio (DPR) is presently 75.
32%. 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.
See Also Want to see what other hedge funds are holding LHX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for L3Harris Technologies, Inc. ( NYSE:LHX – Free Report ).
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