New England Research & Management Inc. lifted its position in shares of L3Harris (NYSE:LHX) by 86.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 8,150 shares of the company’s stock after purchasing an additional 3,775 shares during the quarter. L3Harris makes up about 1.1% of New England Research & Management Inc.’s portfolio, making the stock its 24th largest holding. New England Research & Management Inc.’s holdings in L3Harris were worth $1,613,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. First Command Bank boosted its stake in L3Harris by 2.5% during the fourth quarter. First Command Bank now owns 3,103 shares of the company’s stock worth $613,000 after acquiring an additional 75 shares in the last quarter. Somerset Trust Co boosted its stake in L3Harris by 0.5% during the third quarter. Somerset Trust Co now owns 15,031 shares of the company’s stock worth $3,136,000 after acquiring an additional 76 shares in the last quarter. Carroll Financial Associates Inc. boosted its stake in L3Harris by 19.9% during the third quarter. Carroll Financial Associates Inc. now owns 494 shares of the company’s stock worth $103,000 after acquiring an additional 82 shares in the last quarter. Advisors Capital Management LLC boosted its stake in L3Harris by 0.5% during the fourth quarter. Advisors Capital Management LLC now owns 17,727 shares of the company’s stock worth $3,508,000 after acquiring an additional 89 shares in the last quarter. Finally, Squar Milner Financial Services LLC boosted its stake in L3Harris by 500.0% during the third quarter. Squar Milner Financial Services LLC now owns 120 shares of the company’s stock worth $25,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 82.58% of the company’s stock.

Several research analysts recently issued reports on the stock. Cowen reissued a “buy” rating and set a $210.00 target price on shares of L3Harris in a research note on Wednesday, October 30th. Sanford C. Bernstein assumed coverage on shares of L3Harris in a research note on Tuesday, December 10th. They set an “outperform” rating and a $247.00 target price on the stock. Jefferies Financial Group increased their target price on shares of L3Harris from $235.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. ValuEngine raised shares of L3Harris from a “strong sell” rating to a “sell” rating in a research note on Friday, December 13th. Finally, SunTrust Banks increased their target price on shares of L3Harris to $245.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating to the company’s stock. L3Harris currently has an average rating of “Buy” and a consensus target price of $236.62.

Shares of L3Harris stock traded up $0.18 during trading hours on Tuesday, reaching $212.78. The company’s stock had a trading volume of 1,265,300 shares, compared to its average volume of 1,472,133. L3Harris has a one year low of $135.78 and a one year high of $217.31. The stock has a market cap of $47.04 billion, a P/E ratio of 25.67, a P/E/G ratio of 2.31 and a beta of 0.86. The business has a fifty day simple moving average of $201.38. The company has a quick ratio of 1.21, a current ratio of 1.49 and a debt-to-equity ratio of 0.31.

L3Harris (NYSE:LHX) last released its quarterly earnings data on Wednesday, October 30th. The company reported $2.58 earnings per share for the quarter, beating analysts’ consensus estimates of $2.39 by $0.19. L3Harris had a net margin of 12.02% and a return on equity of 16.42%. The firm had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.43 billion. L3Harris’s revenue for the quarter was up 187.4% compared to the same quarter last year. As a group, equities analysts forecast that L3Harris will post 9.98 earnings per share for the current year.

In other news, SVP Scott T. Mikuen sold 15,000 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $210.51, for a total value of $3,157,650.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.70% of the company’s stock.

L3Harris Profile

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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Institutional Ownership by Quarter for L3Harris (NYSE:LHX)

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