Virtu Financial LLC Has $1.03 Million Stake in Harris Co. (HRS)
Virtu Financial LLC increased its holdings in Harris Co. (NYSE:HRS) by 32.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,259 shares of the communications equipment provider’s stock after buying an additional 1,774 shares during the period. Virtu Financial LLC’s holdings in Harris were worth $1,028,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its position in shares of Harris by 980.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,243 shares of the communications equipment provider’s stock valued at $176,000 after buying an additional 1,128 shares in the last quarter. BlackRock Inc. raised its position in shares of Harris by 9.6% in the fourth quarter. BlackRock Inc. now owns 8,600,628 shares of the communications equipment provider’s stock valued at $1,218,281,000 after buying an additional 751,366 shares in the last quarter. Rhumbline Advisers raised its position in shares of Harris by 1.1% in the fourth quarter. Rhumbline Advisers now owns 221,332 shares of the communications equipment provider’s stock valued at $31,352,000 after buying an additional 2,369 shares in the last quarter. Arizona State Retirement System raised its position in shares of Harris by 11.5% in the fourth quarter. Arizona State Retirement System now owns 76,325 shares of the communications equipment provider’s stock valued at $10,811,000 after buying an additional 7,853 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its position in shares of Harris by 8.2% in the fourth quarter. Eagle Asset Management Inc. now owns 240,542 shares of the communications equipment provider’s stock valued at $34,363,000 after buying an additional 18,274 shares in the last quarter. Institutional investors own 84.10% of the company’s stock.
In other Harris news, SVP Sheldon J. Fox sold 8,682 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $156.00, for a total transaction of $1,354,392.00. Following the completion of the transaction, the senior vice president now directly owns 53,724 shares in the company, valued at $8,380,944. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.91% of the stock is owned by insiders.
Harris Co. (NYSE:HRS) opened at $158.80 on Friday. Harris Co. has a 1 year low of $106.18 and a 1 year high of $161.04. The company has a market cap of $18,854.32, a P/E ratio of 37.54, a price-to-earnings-growth ratio of 4.09 and a beta of 1.29. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.68 and a current ratio of 1.22.
Harris (NYSE:HRS) last announced its quarterly earnings data on Tuesday, January 30th. The communications equipment provider reported $1.67 EPS for the quarter, beating the consensus estimate of $1.39 by $0.28. Harris had a net margin of 8.63% and a return on equity of 24.49%. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the business earned $1.38 earnings per share. The company’s revenue was up 5.9% on a year-over-year basis. equities research analysts anticipate that Harris Co. will post 6.48 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Thursday, March 8th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 1.44%. Harris’s dividend payout ratio is currently 53.90%.
Harris Corporation is a technology company that provides products, systems and services that have defense and civil government applications, as well as commercial applications. It offers its products and services to government and commercial customer. It operates in four segments: Communication Systems, which serves markets in tactical communications and defense, and public safety networks; Space and Intelligence Systems, which provides complete Earth observation, environmental, geospatial, space protection, and intelligence solutions from advanced sensors and payloads, as well as ground processing and information analytics; Electronic Systems, which offers a portfolio of solutions in electronic warfare, avionics, wireless and technology, among others, and Critical Networks, which provides managed services supporting air traffic management, energy and maritime communications, and ground network operation and sustainment, as well as information technology (IT) and engineering services.
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