Stratos Investment Management LLC Sells 561 Shares of L3Harris Technologies, Inc. (NYSE:LHX)

Stratos Investment Management LLC lowered its holdings in shares of L3Harris Technologies, Inc. (NYSE:LHX) by 5.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,975 shares of the company’s stock after selling 561 shares during the period. Stratos Investment Management LLC’s holdings in L3Harris Technologies were worth $2,098,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Archer Investment Corp boosted its stake in L3Harris Technologies by 48.9% during the third quarter. Archer Investment Corp now owns 131 shares of the company’s stock worth $31,000 after acquiring an additional 43 shares in the last quarter. Union Bancaire Privee UBP SA bought a new stake in L3Harris Technologies during the fourth quarter worth about $33,000. Kennebec Savings Bank bought a new stake in L3Harris Technologies during the third quarter worth about $36,000. New Millennium Group LLC lifted its stake in shares of L3Harris Technologies by 776.2% in the fourth quarter. New Millennium Group LLC now owns 184 shares of the company’s stock worth $39,000 after buying an additional 163 shares in the last quarter. Finally, Trust Co. of Vermont lifted its stake in shares of L3Harris Technologies by 78.9% in the fourth quarter. Trust Co. of Vermont now owns 195 shares of the company’s stock worth $41,000 after buying an additional 86 shares in the last quarter. Institutional investors own 84.76% of the company’s stock.

L3Harris Technologies Stock Down 0.9 %

Shares of LHX stock opened at $210.85 on Wednesday. L3Harris Technologies, Inc. has a 12 month low of $200.18 and a 12 month high of $265.74. The stock has a market cap of $39.99 billion, a P/E ratio of 26.79, a P/E/G ratio of 1.74 and a beta of 0.76. The company has a current ratio of 1.08, a quick ratio of 0.90 and a debt-to-equity ratio of 0.57. The company has a 50 day simple moving average of $219.96 and a two-hundred day simple moving average of $232.00.

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 net margin of 7.04% and a return on equity of 13.11%. On average, research analysts expect that L3Harris Technologies, Inc. will post 13.8 earnings per share for the current year.

Insider Transactions at L3Harris Technologies

In related news, insider Ross Niebergall sold 1,373 shares of the company’s stock in a transaction 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 transaction, the insider now owns 5,049 shares in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 4,901 shares of company stock valued at $1,059,757 over the last three months. Corporate insiders own 0.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on LHX shares. Argus upgraded shares of L3Harris Technologies from a “hold” rating to a “buy” rating and set a $300.00 target price on the stock in a research note on Tuesday, November 26th. Susquehanna dropped their target price on shares of L3Harris Technologies from $300.00 to $258.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Raymond James downgraded shares of L3Harris Technologies from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 2nd. Barclays dropped their target price on shares of L3Harris Technologies from $290.00 to $255.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Finally, Morgan Stanley decreased their price objective on shares of L3Harris Technologies from $260.00 to $250.00 and set an “equal weight” rating for the company in a report on Tuesday. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $263.07.

L3Harris Technologies 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.