Vista Cima Wealth Management LLC Has $718,000 Stock Position in L3Harris Technologies Inc $LHX

Vista Cima Wealth Management LLC boosted its holdings in shares of L3Harris Technologies Inc (NYSE:LHX) by 179.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,351 shares of the company’s stock after buying an additional 1,511 shares during the quarter. Vista Cima Wealth Management LLC’s holdings in L3Harris Technologies were worth $718,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in LHX. Victory Capital Management Inc. raised its position in shares of L3Harris Technologies by 1,053.9% in the third quarter. Victory Capital Management Inc. now owns 1,181,900 shares of the company’s stock valued at $360,964,000 after purchasing an additional 1,079,474 shares during the period. Boston Partners boosted its holdings in shares of L3Harris Technologies by 72.1% during the 2nd quarter. Boston Partners now owns 2,002,211 shares of the company’s stock worth $504,160,000 after buying an additional 838,546 shares during the period. Balyasny Asset Management L.P. grew its stake in L3Harris Technologies by 8,284.6% in the 2nd quarter. Balyasny Asset Management L.P. now owns 775,322 shares of the company’s stock valued at $194,482,000 after buying an additional 766,075 shares during the last quarter. Artisan Partners Limited Partnership acquired a new position in L3Harris Technologies in the 3rd quarter valued at about $211,703,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in L3Harris Technologies by 155.7% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 618,350 shares of the company’s stock valued at $155,107,000 after acquiring an additional 376,499 shares during the period. Institutional investors own 84.76% of the company’s stock.

L3Harris Technologies Trading Up 0.2%

Shares of LHX stock opened at $358.66 on Friday. The stock has a market cap of $66.99 billion, a P/E ratio of 42.05, a price-to-earnings-growth ratio of 2.58 and a beta of 0.63. L3Harris Technologies Inc has a 1 year low of $195.72 and a 1 year high of $379.23. The company has a current ratio of 1.19, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53. The stock has a 50 day simple moving average of $349.12 and a 200 day simple moving average of $308.63.

L3Harris Technologies (NYSE:LHX) last posted its quarterly earnings data on Thursday, January 29th. The company reported $2.86 EPS for the quarter, topping analysts’ consensus estimates of $2.76 by $0.10. The firm had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.76 billion. L3Harris Technologies had a return on equity of 10.43% and a net margin of 7.35%.The company’s revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the company earned $3.47 EPS. On average, research analysts predict that L3Harris Technologies Inc will post 11.12 earnings per share for the current fiscal year.

L3Harris Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, March 6th will be given a $1.25 dividend. The ex-dividend date is Friday, March 6th. This is an increase from L3Harris Technologies’s previous quarterly dividend of $1.20. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. L3Harris Technologies’s dividend payout ratio (DPR) is 58.62%.

Insider Activity at L3Harris Technologies

In other L3Harris Technologies news, insider Samir Mehta sold 5,528 shares of the firm’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $370.32, for a total value of $2,047,128.96. Following the transaction, the insider directly owned 7,756 shares of the company’s stock, valued at $2,872,201.92. This trade represents a 41.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Melanie Rakita sold 2,378 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $341.45, for a total transaction of $811,968.10. Following the completion of the transaction, the vice president owned 4,882 shares of the company’s stock, valued at $1,666,958.90. The trade was a 32.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 19,025 shares of company stock valued at $6,824,370 over the last quarter. 0.72% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

LHX has been the topic of several research reports. Vertical Research reaffirmed a “buy” rating and issued a $355.00 target price on shares of L3Harris Technologies in a research report on Tuesday, January 13th. JPMorgan Chase & Co. boosted their price target on L3Harris Technologies from $340.00 to $395.00 and gave the company an “overweight” rating in a research note on Thursday, February 5th. Truist Financial set a $364.00 price objective on L3Harris Technologies in a report on Wednesday, January 14th. Wall Street Zen cut L3Harris Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Finally, TD Cowen reissued a “buy” rating on shares of L3Harris Technologies in a report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $328.57.

L3Harris Technologies Company Profile

L3Harris Technologies (NYSE: LHX) is an American aerospace and defense company formed in 2019 through the combination of L3 Technologies and Harris Corporation. Headquartered in Melbourne, Florida, the company designs, manufactures and supports a broad range of technology solutions for government and commercial customers, with a particular emphasis on defense, intelligence and public safety applications.

The company’s offerings span communications systems, avionics, electronic warfare, intelligence, surveillance and reconnaissance (ISR) sensors, space systems and mission integration.