Willner & Heller LLC Buys Shares of 1,167 L3Harris Technologies, Inc. (NYSE:LHX)

Willner & Heller LLC bought a new stake in L3Harris Technologies, Inc. (NYSE:LHXFree Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,167 shares of the company’s stock, valued at approximately $246,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Wellington Management Group LLP grew its position in L3Harris Technologies by 34.7% in the fourth quarter. Wellington Management Group LLP now owns 4,416,904 shares of the company’s stock valued at $930,288,000 after acquiring an additional 1,138,549 shares during the last quarter. Tucker Asset Management LLC boosted its stake in shares of L3Harris Technologies by 14.1% during the fourth quarter. Tucker Asset Management LLC now owns 1,378 shares of the company’s stock valued at $290,000 after purchasing an additional 170 shares in the last quarter. Creekmur Asset Management LLC acquired a new stake in shares of L3Harris Technologies during the fourth quarter valued at about $50,000. Transcendent Capital Group LLC acquired a new stake in shares of L3Harris Technologies during the fourth quarter valued at about $28,000. Finally, Beaird Harris Wealth Management LLC boosted its stake in shares of L3Harris Technologies by 24.7% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 460 shares of the company’s stock valued at $97,000 after purchasing an additional 91 shares in the last quarter. Institutional investors own 84.76% of the company’s stock.

Insider Activity

In other news, CEO Christopher E. Kubasik sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $212.22, for a total transaction of $8,488,800.00. Following the completion of the sale, the chief executive officer now owns 116,175 shares in the company, valued at $24,654,658.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Christopher E. Kubasik sold 40,000 shares of the company’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $212.22, for a total transaction of $8,488,800.00. Following the completion of the sale, the chief executive officer now owns 116,175 shares in the company, valued at $24,654,658.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Scott T. Mikuen sold 3,363 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $212.86, for a total value of $715,848.18. Following the sale, the senior vice president now owns 55,254 shares of the company’s stock, valued at approximately $11,761,366.44. The disclosure for this sale can be found here. Insiders sold a total of 119,553 shares of company stock worth $26,304,731 over the last quarter. 0.82% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on LHX shares. Barclays lifted their price target on L3Harris Technologies from $238.00 to $245.00 and gave the company an “overweight” rating in a research note on Tuesday, April 30th. Wells Fargo & Company lifted their price objective on L3Harris Technologies from $238.00 to $245.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 7th. Alembic Global Advisors raised L3Harris Technologies from a “neutral” rating to an “overweight” rating and set a $238.00 price objective on the stock in a research note on Monday, April 22nd. Royal Bank of Canada lifted their price objective on L3Harris Technologies from $245.00 to $250.00 and gave the stock an “outperform” rating in a research note on Monday, April 29th. Finally, JPMorgan Chase & Co. lifted their price objective on L3Harris Technologies from $240.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $231.80.

Check Out Our Latest Stock Report on L3Harris Technologies

L3Harris Technologies Trading Down 0.8 %

LHX traded down $1.73 during trading on Friday, hitting $217.47. The company’s stock had a trading volume of 434,586 shares, compared to its average volume of 691,097. L3Harris Technologies, Inc. has a twelve month low of $160.25 and a twelve month high of $226.99. The company has a quick ratio of 0.80, a current ratio of 0.98 and a debt-to-equity ratio of 0.59. The stock’s fifty day moving average price is $215.71 and its 200-day moving average price is $211.05. The firm has a market capitalization of $41.25 billion, a P/E ratio of 35.30, a PEG ratio of 1.83 and a beta of 0.71.

L3Harris Technologies (NYSE:LHXGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The company reported $3.06 EPS for the quarter, beating the consensus estimate of $2.89 by $0.17. The firm had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.11 billion. L3Harris Technologies had a return on equity of 12.82% and a net margin of 5.82%. The company’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.86 earnings per share. Analysts anticipate that L3Harris Technologies, Inc. will post 12.89 EPS for the current year.

L3Harris Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th will be issued a dividend of $1.16 per share. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $4.64 annualized dividend and a dividend yield of 2.13%. L3Harris Technologies’s dividend payout ratio is 75.32%.

L3Harris Technologies Company Profile

(Free Report)

L3Harris Technologies, Inc provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides intelligence, surveillance, and reconnaissance (ISR) systems, passive sensing and targeting, electronic attack, autonomy, power and communications, and networks and sensors, as well as advanced combat systems for air, land, and sea sectors.

See Also

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

Receive News & Ratings for L3Harris Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for L3Harris Technologies and related companies with MarketBeat.com's FREE daily email newsletter.