Forte Capital LLC ADV Sells 90 Shares of L3Harris Technologies, Inc. (NYSE:LHX)

Forte Capital LLC ADV reduced its position in L3Harris Technologies, Inc. (NYSE:LHX) by 2.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,852 shares of the company’s stock after selling 90 shares during the period. Forte Capital LLC ADV’s holdings in L3Harris Technologies were worth $810,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. OneDigital Investment Advisors LLC lifted its stake in L3Harris Technologies by 0.5% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 7,915 shares of the company’s stock valued at $1,883,000 after acquiring an additional 40 shares in the last quarter. Nicholas Hoffman & Company LLC. lifted its stake in L3Harris Technologies by 3.3% during the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 1,353 shares of the company’s stock valued at $322,000 after acquiring an additional 43 shares in the last quarter. Archer Investment Corp lifted its stake in L3Harris Technologies by 48.9% during the 3rd quarter. Archer Investment Corp now owns 131 shares of the company’s stock valued at $31,000 after acquiring an additional 43 shares in the last quarter. HMS Capital Management LLC lifted its stake in L3Harris Technologies by 1.0% during the 3rd quarter. HMS Capital Management LLC now owns 4,850 shares of the company’s stock valued at $1,154,000 after acquiring an additional 47 shares in the last quarter. Finally, Sigma Planning Corp lifted its stake in L3Harris Technologies by 1.9% during the 3rd quarter. Sigma Planning Corp now owns 2,613 shares of the company’s stock valued at $622,000 after acquiring an additional 49 shares in the last quarter. 84.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on LHX. Truist Financial dropped their price objective on L3Harris Technologies from $283.00 to $274.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Barclays lowered their target price on L3Harris Technologies from $290.00 to $255.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. 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. Royal Bank of Canada reiterated a “sector perform” rating and set a $240.00 target price on shares of L3Harris Technologies in a research note on Friday, January 31st. Finally, StockNews.com upgraded L3Harris Technologies from a “hold” rating to a “buy” rating in a research note on Monday, October 28th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $262.67.

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 owns 5,049 shares in the company, valued at $1,060,592.94. The trade was a 21.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold 4,901 shares of company stock worth $1,059,757 in the last quarter. 0.82% of the stock is owned by insiders.

L3Harris Technologies Stock Up 1.0 %

LHX stock opened at $199.13 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. The firm has a market capitalization of $37.50 billion, a PE ratio of 25.30, a PEG ratio of 2.39 and a beta of 0.76. L3Harris Technologies, Inc. has a twelve month low of $193.09 and a twelve month high of $265.74. The stock has a 50-day simple moving average of $210.26 and a two-hundred day simple moving average of $229.06.

L3Harris Technologies (NYSE:LHX) last issued its quarterly earnings data on Thursday, January 30th. The company reported $3.47 EPS 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%. On average, equities 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.