Allen Mooney & Barnes Investment Advisors LLC lowered its stake in shares of L3Harris Technologies, Inc. (NYSE:LHX – Free Report) by 0.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 45,480 shares of the company’s stock after selling 141 shares during the quarter. L3Harris Technologies makes up 1.6% of Allen Mooney & Barnes Investment Advisors LLC’s holdings, making the stock its 27th biggest position. Allen Mooney & Barnes Investment Advisors LLC’s holdings in L3Harris Technologies were worth $9,564,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of LHX. Archer Investment Corp raised its stake in shares of L3Harris Technologies by 48.9% in the third quarter. Archer Investment Corp now owns 131 shares of the company’s stock valued at $31,000 after acquiring an additional 43 shares during the period. Kennebec Savings Bank purchased a new stake in L3Harris Technologies in the 3rd quarter worth about $36,000. Ashton Thomas Securities LLC bought a new stake in L3Harris Technologies in the third quarter worth about $64,000. Quest Partners LLC boosted its position in shares of L3Harris Technologies by 36,000.0% during the third quarter. Quest Partners LLC now owns 361 shares of the company’s stock valued at $86,000 after buying an additional 360 shares during the period. Finally, Versant Capital Management Inc grew its stake in shares of L3Harris Technologies by 133.7% during the fourth quarter. Versant Capital Management Inc now owns 472 shares of the company’s stock valued at $99,000 after buying an additional 270 shares during the last quarter. Hedge funds and other institutional investors own 84.76% of the company’s stock.
L3Harris Technologies Price Performance
Shares of LHX stock opened at $214.65 on Wednesday. The stock’s 50-day moving average is $229.70 and its 200 day moving average is $233.23. L3Harris Technologies, Inc. has a 1-year low of $200.18 and a 1-year high of $265.74. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.04 and a quick ratio of 0.87. The company has a market cap of $40.71 billion, a P/E ratio of 33.91, a PEG ratio of 1.86 and a beta of 0.75.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the company. Susquehanna dropped their price objective on L3Harris Technologies from $300.00 to $258.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Citigroup boosted their target price on shares of L3Harris Technologies from $268.00 to $291.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Wells Fargo & Company reduced their price target on shares of L3Harris Technologies from $295.00 to $287.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 11th. Truist Financial lowered their price objective on shares of L3Harris Technologies from $300.00 to $283.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Barclays dropped their target price on shares of L3Harris Technologies from $290.00 to $255.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $265.25.
View Our Latest Stock Report on L3Harris Technologies
Insiders Place Their Bets
In related news, insider Ross Niebergall sold 1,373 shares of the business’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $210.06, for a total transaction of $288,412.38. Following the transaction, the insider now directly owns 5,049 shares in the company, valued at $1,060,592.94. The trade was a 21.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders have sold 7,889 shares of company stock valued at $1,800,572. 0.82% of the stock is currently owned by insiders.
L3Harris Technologies Profile
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.
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