L3Harris Technologies, Inc. (NYSE:LHX) Shares Sold by Stephens Inc. AR

Stephens Inc. AR lowered its position in L3Harris Technologies, Inc. (NYSE:LHX) by 8.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,606 shares of the company’s stock after selling 513 shares during the period. Stephens Inc. AR’s holdings in L3Harris Technologies were worth $1,179,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in LHX. CWM LLC lifted its stake in L3Harris Technologies by 4.7% in the 3rd quarter. CWM LLC now owns 5,954 shares of the company’s stock valued at $1,416,000 after buying an additional 265 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in shares of L3Harris Technologies by 6,787.5% in the third quarter. Exchange Traded Concepts LLC now owns 3,857 shares of the company’s stock valued at $917,000 after acquiring an additional 3,801 shares in the last quarter. Koshinski Asset Management Inc. boosted its stake in shares of L3Harris Technologies by 2.7% during the third quarter. Koshinski Asset Management Inc. now owns 1,620 shares of the company’s stock valued at $385,000 after acquiring an additional 42 shares during the last quarter. Wesbanco Bank Inc. boosted its stake in shares of L3Harris Technologies by 62.6% during the third quarter. Wesbanco Bank Inc. now owns 6,784 shares of the company’s stock valued at $1,614,000 after acquiring an additional 2,611 shares during the last quarter. Finally, Creative Planning increased its position in L3Harris Technologies by 1.2% during the 3rd quarter. Creative Planning now owns 41,588 shares of the company’s stock worth $9,893,000 after purchasing an additional 512 shares in the last quarter. Hedge funds and other institutional investors own 84.76% of the company’s stock.

Insider Buying and Selling at L3Harris Technologies

In related news, insider Ross Niebergall sold 1,373 shares of L3Harris Technologies stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $210.06, for a total transaction of $288,412.38. Following the sale, the insider now directly owns 5,049 shares in the company, valued at $1,060,592.94. The trade was a 21.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders have sold 4,901 shares of company stock worth $1,059,757. 0.82% of the stock is owned by insiders.

Wall Street Analyst Weigh In

LHX has been the subject of several recent research reports. Argus upgraded L3Harris Technologies from a “hold” rating to a “buy” rating and set a $300.00 price target for the company in a report on Tuesday, November 26th. StockNews.com upgraded L3Harris Technologies from a “hold” rating to a “buy” rating in a report on Monday, October 28th. Sanford C. Bernstein upgraded shares of L3Harris Technologies from a “market perform” rating to an “outperform” rating and dropped their price objective for the company from $289.00 to $267.00 in a research note on Wednesday, January 8th. Raymond James cut shares of L3Harris Technologies from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd. Finally, Barclays lowered their price target on shares of L3Harris Technologies from $290.00 to $255.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $262.67.

L3Harris Technologies Stock Performance

LHX stock opened at $200.48 on Thursday. The firm has a market cap of $38.03 billion, a P/E ratio of 25.47, a P/E/G ratio of 1.75 and a beta of 0.76. The stock’s 50 day simple moving average is $215.60 and its 200 day simple moving average is $230.76. The company has a current ratio of 1.08, a quick ratio of 0.90 and a debt-to-equity ratio of 0.57. L3Harris Technologies, Inc. has a 12-month low of $199.56 and a 12-month high of $265.74.

L3Harris Technologies (NYSE:LHX) last posted its quarterly earnings results 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%. As a group, equities research analysts predict that L3Harris Technologies, Inc. will post 11.19 EPS for the current year.

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.