L3Harris Technologies, Inc. (NYSE:LHX) Shares Sold by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC trimmed its holdings in shares of L3Harris Technologies, Inc. (NYSE:LHX) by 2.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,166 shares of the company’s stock after selling 126 shares during the period. Kingsview Wealth Management LLC’s holdings in L3Harris Technologies were worth $876,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of LHX. OneDigital Investment Advisors LLC boosted its stake in L3Harris Technologies by 0.5% during the third quarter. OneDigital Investment Advisors LLC now owns 7,915 shares of the company’s stock valued at $1,883,000 after buying an additional 40 shares in the last quarter. Koshinski Asset Management Inc. boosted its position in shares of L3Harris Technologies by 2.7% in the 3rd quarter. Koshinski Asset Management Inc. now owns 1,620 shares of the company’s stock valued at $385,000 after purchasing an additional 42 shares during the period. Blossom Wealth Management increased its stake in L3Harris Technologies by 1.7% in the 3rd quarter. Blossom Wealth Management now owns 2,538 shares of the company’s stock worth $604,000 after purchasing an additional 43 shares in the last quarter. Nicholas Hoffman & Company LLC. increased its stake in L3Harris Technologies by 3.3% in the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 1,353 shares of the company’s stock worth $322,000 after purchasing an additional 43 shares in the last quarter. Finally, Archer Investment Corp increased its stake in L3Harris Technologies by 48.9% in the 3rd quarter. Archer Investment Corp now owns 131 shares of the company’s stock worth $31,000 after purchasing an additional 43 shares in the last quarter. 84.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Ross Niebergall sold 1,373 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $210.06, for a total value of $288,412.38. Following the completion of the sale, the insider now directly owns 5,049 shares in the company, valued at approximately $1,060,592.94. The trade was a 21.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders sold 4,901 shares of company stock worth $1,059,757. 0.82% of the stock is currently owned by insiders.

L3Harris Technologies Stock Down 0.9 %

Shares of L3Harris Technologies stock opened at $206.52 on Wednesday. The firm has a market cap of $39.17 billion, a price-to-earnings ratio of 26.24, a P/E/G ratio of 1.75 and a beta of 0.76. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 0.90. L3Harris Technologies, Inc. has a 52-week low of $200.18 and a 52-week high of $265.74. The stock has a 50-day simple moving average of $216.27 and a 200-day simple moving average of $230.92.

L3Harris Technologies (NYSE:LHX) last announced its quarterly earnings results on Thursday, January 30th. The company reported $3.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.43 by $0.04. L3Harris Technologies had a return on equity of 13.11% and a net margin of 7.04%. On average, equities research analysts expect that L3Harris Technologies, Inc. will post 11.19 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LHX. Citigroup dropped their price target on L3Harris Technologies from $291.00 to $285.00 and set a “buy” rating on the stock in a research note on Monday. Morgan Stanley dropped their price target on L3Harris Technologies from $260.00 to $250.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. Argus raised L3Harris Technologies from a “hold” rating to a “buy” rating and set a $300.00 price target on the stock in a research note on Tuesday, November 26th. Bank of America dropped their price target on L3Harris Technologies from $300.00 to $265.00 and set a “buy” rating on the stock in a research note on Tuesday, February 4th. Finally, Susquehanna lowered their target price on L3Harris Technologies from $300.00 to $258.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, L3Harris Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $262.67.

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.