Measured Wealth Private Client Group LLC Purchases 50 Shares of L3Harris Technologies, Inc. (NYSE:LHX)

Measured Wealth Private Client Group LLC lifted its position in L3Harris Technologies, Inc. (NYSE:LHX) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 953 shares of the company’s stock after acquiring an additional 50 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in L3Harris Technologies were worth $200,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. raised its holdings in shares of L3Harris Technologies by 4.8% in the 4th quarter. GHP Investment Advisors Inc. now owns 30,864 shares of the company’s stock valued at $6,490,000 after purchasing an additional 1,414 shares in the last quarter. Financial Advocates Investment Management purchased a new position in L3Harris Technologies during the fourth quarter valued at approximately $261,000. State of Alaska Department of Revenue raised its stake in L3Harris Technologies by 34.4% in the fourth quarter. State of Alaska Department of Revenue now owns 29,628 shares of the company’s stock worth $6,229,000 after buying an additional 7,590 shares in the last quarter. NovaPoint Capital LLC lifted its holdings in L3Harris Technologies by 3.8% during the fourth quarter. NovaPoint Capital LLC now owns 16,085 shares of the company’s stock worth $3,382,000 after buying an additional 584 shares during the period. Finally, Tyche Wealth Partners LLC bought a new stake in L3Harris Technologies during the 4th quarter valued at $203,000. 84.76% of the stock is owned by hedge funds and other institutional investors.

L3Harris Technologies Trading Down 0.3 %

Shares of NYSE:LHX opened at $206.05 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.08 and a debt-to-equity ratio of 0.57. L3Harris Technologies, Inc. has a 52-week low of $200.18 and a 52-week high of $265.74. The stock has a market cap of $39.08 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 1.74 and a beta of 0.76. The business has a 50-day moving average price of $217.76 and a 200-day moving average price of $231.49.

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%. Equities analysts predict that L3Harris Technologies, Inc. will post 13.8 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on LHX shares. Sanford C. Bernstein raised L3Harris Technologies from a “market perform” rating to an “outperform” rating and reduced their price target for the stock from $289.00 to $267.00 in a research report on Wednesday, January 8th. JPMorgan Chase & Co. decreased their price target on shares of L3Harris Technologies from $265.00 to $255.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. StockNews.com raised shares of L3Harris Technologies from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. Truist Financial decreased their target price on shares of L3Harris Technologies from $283.00 to $274.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Finally, Raymond James lowered shares of L3Harris Technologies from an “outperform” rating to a “market perform” rating in a report on Thursday, January 2nd. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $263.07.

Insider Buying and Selling at L3Harris Technologies

In other news, insider Ross Niebergall sold 1,764 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $213.65, for a total value of $376,878.60. Following the completion of the transaction, the insider now owns 6,812 shares of the company’s stock, valued at $1,455,383.80. The trade was a 20.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last three months, insiders have sold 4,901 shares of company stock valued at $1,059,757. 0.82% of the stock is owned by insiders.

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.