J.W. Cole Advisors Inc. Boosts Stock Holdings in L3Harris Technologies, Inc. (NYSE:LHX)

J.W. Cole Advisors Inc. grew its position in shares of L3Harris Technologies, Inc. (NYSE:LHX) by 86.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,599 shares of the company’s stock after acquiring an additional 1,672 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in L3Harris Technologies were worth $758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. GDS Wealth Management boosted its holdings in shares of L3Harris Technologies by 184.5% in the 3rd quarter. GDS Wealth Management now owns 90,123 shares of the company’s stock worth $15,692,000 after buying an additional 58,441 shares during the last quarter. Sapient Capital LLC purchased a new position in shares of L3Harris Technologies in the 4th quarter worth about $1,198,000. Bruce G. Allen Investments LLC purchased a new position in shares of L3Harris Technologies in the 4th quarter worth about $46,000. Ceredex Value Advisors LLC boosted its holdings in shares of L3Harris Technologies by 14.1% in the 3rd quarter. Ceredex Value Advisors LLC now owns 673,757 shares of the company’s stock worth $117,315,000 after buying an additional 83,319 shares during the last quarter. Finally, BKM Wealth Management LLC purchased a new position in shares of L3Harris Technologies in the 4th quarter worth about $1,125,000. 84.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Christopher E. Kubasik sold 40,000 shares of the 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 of the company’s stock, valued at $24,654,658.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Christopher E. Kubasik sold 40,000 shares of the 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 of the company’s stock, valued at $24,654,658.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Edward J. Zoiss sold 3,707 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $211.47, for a total value of $783,919.29. Following the completion of the sale, the insider now directly owns 28,644 shares of the company’s stock, valued at approximately $6,057,346.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 48,362 shares of company stock valued at $10,261,360. 0.87% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

LHX has been the topic of several recent research reports. UBS Group upped their price objective on shares of L3Harris Technologies from $222.00 to $229.00 and gave the company a “neutral” rating in a report on Monday, January 29th. Wells Fargo & Company decreased their price target on L3Harris Technologies from $250.00 to $238.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 30th. StockNews.com cut L3Harris Technologies from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. Raymond James upped their price target on L3Harris Technologies from $220.00 to $235.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. Finally, Alembic Global Advisors upgraded shares of L3Harris Technologies from a “neutral” rating to an “overweight” rating and set a $238.00 price objective on the stock in a research report on Monday. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $229.60.

L3Harris Technologies Stock Up 1.3 %

Shares of NYSE LHX opened at $208.14 on Tuesday. L3Harris Technologies, Inc. has a one year low of $160.25 and a one year high of $218.34. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.01 and a quick ratio of 0.82. The firm’s 50 day simple moving average is $210.24 and its two-hundred day simple moving average is $200.64. The stock has a market capitalization of $39.57 billion, a P/E ratio of 32.32, a PEG ratio of 1.91 and a beta of 0.65.

L3Harris Technologies (NYSE:LHX) last issued its quarterly earnings results on Friday, January 26th. The company reported $3.35 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $0.04. L3Harris Technologies had a net margin of 6.32% and a return on equity of 12.68%. The business had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.28 billion. During the same period last year, the business earned $3.27 earnings per share. The business’s quarterly revenue was up 16.6% on a year-over-year basis. As a group, analysts expect that L3Harris Technologies, Inc. will post 12.73 EPS for the current fiscal year.

L3Harris Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th will be paid a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.23%. L3Harris Technologies’s dividend payout ratio (DPR) is presently 72.05%.

About L3Harris Technologies

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.