Cetera Advisor Networks LLC Acquires 413 Shares of L3Harris Technologies, Inc. (NYSE:LHX)

Cetera Advisor Networks LLC lifted its holdings in shares of L3Harris Technologies, Inc. (NYSE:LHXGet Rating) by 3.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 13,912 shares of the company’s stock after purchasing an additional 413 shares during the period. Cetera Advisor Networks LLC’s holdings in L3Harris Technologies were worth $3,363,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in LHX. Waldron Private Wealth LLC bought a new stake in L3Harris Technologies in the 1st quarter worth $300,000. Benjamin Edwards Inc. bought a new stake in L3Harris Technologies in the 1st quarter worth $63,000. Commonwealth Equity Services LLC grew its holdings in L3Harris Technologies by 9.0% in the 1st quarter. Commonwealth Equity Services LLC now owns 69,853 shares of the company’s stock worth $17,356,000 after acquiring an additional 5,762 shares during the last quarter. Victory Capital Management Inc. grew its holdings in L3Harris Technologies by 1.0% in the 1st quarter. Victory Capital Management Inc. now owns 666,122 shares of the company’s stock worth $156,437,000 after acquiring an additional 6,904 shares during the last quarter. Finally, Titleist Asset Management LTD. grew its holdings in L3Harris Technologies by 9.2% in the 1st quarter. Titleist Asset Management LTD. now owns 1,269 shares of the company’s stock worth $315,000 after acquiring an additional 107 shares during the last quarter. Institutional investors own 83.00% of the company’s stock.

Wall Street Analyst Weigh In

LHX has been the topic of a number of recent analyst reports. Argus lowered shares of L3Harris Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 10th. Wolfe Research initiated coverage on shares of L3Harris Technologies in a report on Monday, October 10th. They issued a “peer perform” rating on the stock. Raymond James cut shares of L3Harris Technologies from an “outperform” rating to a “market perform” rating in a research report on Friday, October 28th. Morgan Stanley dropped their target price on shares of L3Harris Technologies from $276.00 to $263.00 and set an “equal weight” rating for the company in a research report on Thursday, November 10th. Finally, Robert W. Baird dropped their target price on shares of L3Harris Technologies from $332.00 to $290.00 and set an “outperform” rating for the company in a research report on Monday, October 31st. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $269.42.

L3Harris Technologies Stock Performance

LHX stock opened at $226.43 on Thursday. The firm has a market cap of $43.11 billion, a price-to-earnings ratio of 39.31, a PEG ratio of 6.47 and a beta of 0.75. The firm has a 50-day simple moving average of $229.46 and a two-hundred day simple moving average of $232.50. L3Harris Technologies, Inc. has a one year low of $200.71 and a one year high of $279.71. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.87 and a current ratio of 1.10.

L3Harris Technologies (NYSE:LHXGet Rating) last issued its quarterly earnings results on Thursday, October 27th. The company reported $3.26 earnings per share for the quarter, missing the consensus estimate of $3.47 by ($0.21). The business had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.41 billion. L3Harris Technologies had a return on equity of 13.18% and a net margin of 6.71%. L3Harris Technologies’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter last year, the company posted $3.21 EPS. On average, equities analysts forecast that L3Harris Technologies, Inc. will post 12.86 EPS for the current fiscal year.

L3Harris Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 18th will be issued a dividend of $1.12 per share. The ex-dividend date of this dividend is Thursday, November 17th. This represents a $4.48 annualized dividend and a dividend yield of 1.98%. L3Harris Technologies’s dividend payout ratio is presently 77.78%.

Insider Transactions at L3Harris Technologies

In related news, VP James P. Girard sold 5,000 shares of the business’s stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $229.38, for a total value of $1,146,900.00. Following the sale, the vice president now directly owns 7,144 shares in the company, valued at approximately $1,638,690.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, VP James P. Girard sold 12,460 shares of the business’s stock in a transaction dated Monday, October 17th. The shares were sold at an average price of $220.00, for a total value of $2,741,200.00. Following the sale, the vice president now directly owns 12,144 shares in the company, valued at approximately $2,671,680. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP James P. Girard sold 5,000 shares of the business’s stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $229.38, for a total transaction of $1,146,900.00. Following the completion of the sale, the vice president now owns 7,144 shares in the company, valued at $1,638,690.72. The disclosure for this sale can be found here. Insiders have sold a total of 37,460 shares of company stock worth $8,792,500 in the last quarter. Company insiders own 1.00% of the company’s stock.

L3Harris Technologies Profile

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L3Harris Technologies, Inc, an aerospace and defense technology company, provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides multi-mission intelligence, surveillance, and reconnaissance (ISR) systems; and communication systems, as well as fleet management support, sensor development, modification, and periodic depot maintenance services for ISR and airborne missions.

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Institutional Ownership by Quarter for L3Harris Technologies (NYSE:LHX)

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