Kestra Investment Management LLC Sells 422 Shares of L3Harris Technologies, Inc. (NYSE:LHX)

Kestra Investment Management LLC reduced its position in shares of L3Harris Technologies, Inc. (NYSE:LHX) by 25.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,232 shares of the company’s stock after selling 422 shares during the period. Kestra Investment Management LLC’s holdings in L3Harris Technologies were worth $259,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Venturi Wealth Management LLC boosted its position in shares of L3Harris Technologies by 764.6% in the fourth quarter. Venturi Wealth Management LLC now owns 4,254 shares of the company’s stock valued at $895,000 after acquiring an additional 3,762 shares during the period. Empower Advisory Group LLC raised its stake in L3Harris Technologies by 2.4% in the 4th quarter. Empower Advisory Group LLC now owns 370,315 shares of the company’s stock worth $77,870,000 after purchasing an additional 8,840 shares in the last quarter. Wealth Quarterback LLC boosted its holdings in L3Harris Technologies by 4.2% in the 4th quarter. Wealth Quarterback LLC now owns 2,078 shares of the company’s stock valued at $437,000 after purchasing an additional 84 shares during the period. CIBC Asset Management Inc grew its position in shares of L3Harris Technologies by 4.5% during the 4th quarter. CIBC Asset Management Inc now owns 29,046 shares of the company’s stock worth $6,108,000 after purchasing an additional 1,242 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its holdings in shares of L3Harris Technologies by 1.3% during the fourth quarter. Sanctuary Advisors LLC now owns 31,025 shares of the company’s stock worth $6,579,000 after purchasing an additional 391 shares during the period. 84.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling at L3Harris Technologies

In related news, insider Ross Niebergall sold 1,764 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $223.62, for a total value of $394,465.68. Following the sale, the insider now owns 8,576 shares of the company’s stock, valued at $1,917,765.12. The trade was a 17.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last ninety days, insiders sold 4,901 shares of company stock worth $1,059,757. 0.87% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. StockNews.com raised L3Harris Technologies from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. Royal Bank of Canada restated a “sector perform” rating and issued a $240.00 price target on shares of L3Harris Technologies in a research report on Friday, January 31st. Morgan Stanley dropped their price target on L3Harris Technologies from $260.00 to $250.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of L3Harris Technologies from $250.00 to $229.00 and set a “hold” rating on the stock in a report on Thursday, January 2nd. Finally, Susquehanna cut their price target on shares of L3Harris Technologies from $300.00 to $258.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $262.67.

L3Harris Technologies Trading Down 0.5 %

Shares of LHX stock opened at $194.80 on Thursday. L3Harris Technologies, Inc. has a twelve month low of $194.25 and a twelve month high of $265.74. The stock’s fifty day simple moving average is $211.28 and its 200 day simple moving average is $229.48. The company has a quick ratio of 0.90, a current ratio of 1.08 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $36.95 billion, a P/E ratio of 24.75, a P/E/G ratio of 2.43 and a beta of 0.76.

L3Harris Technologies (NYSE:LHX) last released its quarterly earnings results on Thursday, January 30th. The company reported $3.47 earnings per share for the quarter, topping 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%. As a group, sell-side analysts predict that L3Harris Technologies, Inc. will post 11.12 EPS for the current fiscal 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.