Coppell Advisory Solutions LLC Purchases 407 Shares of L3Harris Technologies, Inc. (NYSE:LHX)

Coppell Advisory Solutions LLC lifted its holdings in L3Harris Technologies, Inc. (NYSE:LHX) by 3.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 11,656 shares of the company’s stock after acquiring an additional 407 shares during the quarter. Coppell Advisory Solutions LLC’s holdings in L3Harris Technologies were worth $2,436,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Dark Forest Capital Management LP boosted its holdings in L3Harris Technologies by 279.7% during the 4th quarter. Dark Forest Capital Management LP now owns 7,077 shares of the company’s stock valued at $1,488,000 after acquiring an additional 5,213 shares during the period. Harvest Investment Services LLC bought a new stake in L3Harris Technologies in the fourth quarter valued at approximately $251,000. Hsbc Holdings PLC boosted its stake in shares of L3Harris Technologies by 11.3% during the fourth quarter. Hsbc Holdings PLC now owns 349,495 shares of the company’s stock valued at $73,382,000 after purchasing an additional 35,571 shares during the period. Stifel Financial Corp grew its holdings in shares of L3Harris Technologies by 2.5% in the fourth quarter. Stifel Financial Corp now owns 230,692 shares of the company’s stock worth $48,520,000 after purchasing an additional 5,586 shares during the last quarter. Finally, TD Waterhouse Canada Inc. increased its stake in shares of L3Harris Technologies by 99.4% in the fourth quarter. TD Waterhouse Canada Inc. now owns 327 shares of the company’s stock worth $69,000 after buying an additional 163 shares during the period. 84.76% of the stock is currently owned by hedge funds and other institutional investors.

L3Harris Technologies Stock Up 0.4 %

Shares of L3Harris Technologies stock opened at $214.88 on Wednesday. L3Harris Technologies, Inc. has a 1 year low of $193.09 and a 1 year high of $265.74. The firm has a market cap of $40.34 billion, a price-to-earnings ratio of 27.30, a PEG ratio of 2.42 and a beta of 0.71. The company has a 50-day moving average of $209.44 and a 200 day moving average of $222.63. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 0.90.

L3Harris Technologies (NYSE:LHX) last issued its quarterly earnings results on Thursday, January 30th. The company reported $3.47 EPS for the quarter, topping analysts’ consensus estimates 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 anticipate 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. Investors of record on Tuesday, June 3rd will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Tuesday, June 3rd. L3Harris Technologies’s payout ratio is 60.99%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on LHX shares. Raymond James cut shares of L3Harris Technologies from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd. Sanford C. Bernstein upgraded shares of L3Harris Technologies from a “market perform” rating to an “outperform” rating and dropped their target price for the stock from $289.00 to $267.00 in a report on Wednesday, January 8th. The Goldman Sachs Group upgraded L3Harris Technologies from a “sell” rating to a “buy” rating and boosted their price target for the company from $198.00 to $263.00 in a report on Friday, April 11th. UBS Group increased their price objective on L3Harris Technologies from $228.00 to $237.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Finally, Citigroup reduced their target price on L3Harris Technologies from $285.00 to $245.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $257.50.

Insider Activity at L3Harris Technologies

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

About L3Harris Technologies

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.