L3Harris Technologies, Inc. (NYSE:LHX) Shares Bought by Nomura Holdings Inc.

Nomura Holdings Inc. grew its stake in shares of L3Harris Technologies, Inc. (NYSE:LHX) by 252.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,256 shares of the company’s stock after purchasing an additional 4,481 shares during the quarter. Nomura Holdings Inc.’s holdings in L3Harris Technologies were worth $1,316,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BankPlus Wealth Management LLC purchased a new position in shares of L3Harris Technologies during the fourth quarter worth approximately $409,000. Empowered Funds LLC grew its position in shares of L3Harris Technologies by 24.3% during the fourth quarter. Empowered Funds LLC now owns 19,735 shares of the company’s stock worth $4,150,000 after acquiring an additional 3,852 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of L3Harris Technologies by 51.9% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 14,320 shares of the company’s stock worth $3,011,000 after acquiring an additional 4,890 shares during the last quarter. Private Capital Advisors Inc. grew its position in shares of L3Harris Technologies by 82.6% during the fourth quarter. Private Capital Advisors Inc. now owns 7,120 shares of the company’s stock worth $1,497,000 after acquiring an additional 3,220 shares during the last quarter. Finally, Novare Capital Management LLC grew its position in shares of L3Harris Technologies by 6.2% during the fourth quarter. Novare Capital Management LLC now owns 45,934 shares of the company’s stock worth $9,659,000 after acquiring an additional 2,688 shares during the last quarter. Institutional investors and hedge funds own 84.76% of the company’s stock.

Insider Transactions at L3Harris Technologies

In other news, insider Jon Rambeau sold 3,178 shares of L3Harris Technologies stock in a transaction on Monday, March 10th. The stock was sold at an average price of $226.00, for a total transaction of $718,228.00. Following the completion of the transaction, the insider now owns 2,797 shares of the company’s stock, valued at $632,122. The trade was a 53.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Edward J. Zoiss sold 1,783 shares of L3Harris Technologies stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $211.48, for a total value of $377,068.84. Following the transaction, the insider now directly owns 30,620 shares of the company’s stock, valued at $6,475,517.60. This trade represents a 5.50% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Bank of America lowered their target price on shares of L3Harris Technologies from $300.00 to $265.00 and set a “buy” rating on the stock in a research report on Tuesday, February 4th. Truist Financial lowered their target price on shares of L3Harris Technologies from $264.00 to $260.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $240.00 price objective on shares of L3Harris Technologies in a research report on Friday, January 31st. Citigroup lowered their price objective on shares of L3Harris Technologies from $285.00 to $245.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Finally, UBS Group lifted their price objective on shares of L3Harris Technologies from $222.00 to $226.00 and gave the company a “neutral” rating in a research report on Monday, April 28th. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $256.56.

L3Harris Technologies Price Performance

L3Harris Technologies stock opened at $230.42 on Friday. L3Harris Technologies, Inc. has a one year low of $193.09 and a one year high of $265.74. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.90 and a current ratio of 1.08. The business has a fifty day moving average of $214.69 and a two-hundred day moving average of $219.35. The company has a market cap of $43.08 billion, a P/E ratio of 29.28, a price-to-earnings-growth ratio of 2.42 and a beta of 0.72.

L3Harris Technologies (NYSE:LHX) last released its earnings results on Thursday, April 24th. The company reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.09. L3Harris Technologies had a return on equity of 13.11% and a net margin of 7.04%. The company had revenue of $5.13 billion during the quarter, compared to the consensus estimate of $5.29 billion. During the same quarter last year, the company earned $3.06 earnings per share. L3Harris Technologies’s quarterly revenue was down 1.5% compared to the same quarter last year. As a group, analysts predict that L3Harris Technologies, Inc. will post 11.12 earnings per share for the current fiscal year.

L3Harris Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Tuesday, June 3rd will be paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Tuesday, June 3rd. L3Harris Technologies’s dividend payout ratio (DPR) is presently 56.94%.

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.