L3Harris (NYSE:LHX) Director Thomas A. Dattilo acquired 1,000 shares of L3Harris stock in a transaction that occurred on Tuesday, September 10th. The shares were bought at an average cost of $200.80 per share, with a total value of $200,800.00.

Shares of LHX opened at $207.45 on Friday. The company’s fifty day simple moving average is $208.93. The company has a current ratio of 1.14, a quick ratio of 0.98 and a debt-to-equity ratio of 0.82. L3Harris has a 12 month low of $123.24 and a 12 month high of $216.65. The stock has a market cap of $46.61 billion, a P/E ratio of 25.26, a price-to-earnings-growth ratio of 2.70 and a beta of 0.94.

L3Harris (NYSE:LHX) last issued its earnings results on Wednesday, July 31st. The company reported $2.44 EPS for the quarter, beating the consensus estimate of $2.30 by $0.14. L3Harris had a return on equity of 29.39% and a net margin of 13.95%. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $4.31 billion. During the same period last year, the business posted $1.78 EPS. The company’s revenue was up 12.3% compared to the same quarter last year. Equities analysts expect that L3Harris will post 9.68 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $3.00 annualized dividend and a yield of 1.45%. L3Harris’s dividend payout ratio is 36.19%.

A number of research firms recently weighed in on LHX. Zacks Investment Research raised L3Harris from a “hold” rating to a “buy” rating and set a $236.00 price objective for the company in a research report on Thursday, September 5th. Credit Suisse Group raised their price objective on L3Harris from $220.00 to $236.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Barclays set a $265.00 price objective on L3Harris and gave the company a “buy” rating in a research report on Friday, August 2nd. ValuEngine lowered L3Harris from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, UBS Group raised their price objective on L3Harris from $200.00 to $210.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $235.47.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Princeton Global Asset Management LLC purchased a new stake in L3Harris during the 2nd quarter valued at $815,000. Marshall Wace LLP purchased a new position in shares of L3Harris in the 2nd quarter worth $33,411,000. Marshall Wace North America L.P. purchased a new position in shares of L3Harris in the 2nd quarter worth $70,474,000. Bernardo Wealth Planning LLC purchased a new position in shares of L3Harris in the 2nd quarter worth $246,000. Finally, Meadow Creek Investment Management LLC purchased a new position in shares of L3Harris in the 2nd quarter worth $7,488,000. Institutional investors and hedge funds own 97.80% of the company’s stock.

About L3Harris

L3Harris Technologies, Inc provides technology-based solutions that solve government and commercial customers' mission-critical challenges in the United States and internationally. The company operates in three segments: Communication Systems, Electronic Systems, and Space and Intelligence Systems.

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