L3Harris Technologies, Inc. (NYSE:LHX) Shares Sold by Livingston Group Asset Management CO operating as Southport Capital Management


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Livingston Group Asset Management CO operating as Southport Capital Management decreased its position in L3Harris Technologies, Inc. (NYSE:LHX) by 22.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,852 shares of the company’s stock after selling 521 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management’s holdings in L3Harris Technologies were worth $350,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its stake in shares of L3Harris Technologies by 1.9% in the second quarter. PNC Financial Services Group Inc. now owns 438,123 shares of the company’s stock valued at $74,336,000 after purchasing an additional 7,961 shares during the period. FormulaFolio Investments LLC increased its holdings in shares of L3Harris Technologies by 30.6% in the 2nd quarter. FormulaFolio Investments LLC now owns 1,749 shares of the company’s stock worth $297,000 after acquiring an additional 410 shares during the period. Orion Portfolio Solutions LLC increased its holdings in shares of L3Harris Technologies by 26.0% in the 2nd quarter. Orion Portfolio Solutions LLC now owns 891 shares of the company’s stock worth $151,000 after acquiring an additional 184 shares during the period. Asset Dedication LLC increased its stake in L3Harris Technologies by 12.1% during the 2nd quarter. Asset Dedication LLC now owns 527 shares of the company’s stock valued at $89,000 after buying an additional 57 shares during the period. Finally, Stephens Investment Management Group LLC increased its stake in L3Harris Technologies by 5.8% during the 2nd quarter. Stephens Investment Management Group LLC now owns 38,963 shares of the company’s stock valued at $6,611,000 after buying an additional 2,124 shares during the period. 82.92% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:LHX opened at $186.73 on Thursday. The stock has a market cap of $39.23 billion, a price-to-earnings ratio of 30.92, a PEG ratio of 1.08 and a beta of 0.80. The company has a quick ratio of 1.18, a current ratio of 1.37 and a debt-to-equity ratio of 0.29. L3Harris Technologies, Inc. has a 12-month low of $142.01 and a 12-month high of $230.99. The business’s 50 day moving average is $187.93 and its 200 day moving average is $179.40.

L3Harris Technologies (NYSE:LHX) last issued its earnings results on Friday, October 30th. The company reported $2.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.74 by $0.10. L3Harris Technologies had a return on equity of 11.29% and a net margin of 7.18%. The firm had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.50 billion. During the same period in the previous year, the company posted $2.58 earnings per share. The business’s revenue was up .7% on a year-over-year basis. As a group, equities research analysts expect that L3Harris Technologies, Inc. will post 11.55 earnings per share for the current year.

Several equities analysts have recently weighed in on LHX shares. JPMorgan Chase & Co. lowered shares of L3Harris Technologies from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $220.00 to $215.00 in a research report on Tuesday, December 15th. ValuEngine lowered shares of L3Harris Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, October 1st. Royal Bank of Canada cut their price objective on shares of L3Harris Technologies from $219.00 to $199.00 and set an “outperform” rating on the stock in a research report on Monday, November 2nd. UBS Group raised shares of L3Harris Technologies from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 30th. Finally, BidaskClub lowered shares of L3Harris Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, December 30th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eighteen have given a buy rating to the stock. L3Harris Technologies currently has a consensus rating of “Buy” and a consensus price target of $234.16.

In other news, VP Todd A. Taylor sold 4,976 shares of the company’s stock in a transaction dated Monday, December 7th. The stock was sold at an average price of $194.64, for a total value of $968,528.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is owned by insiders.

About L3Harris Technologies

L3Harris Technologies, Inc, an aerospace and defense technology company, provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides multi-mission intelligence, surveillance, and reconnaissance (ISR) systems; and communication systems, as well as fleet management support, sensor development, modifications, and periodic depot maintenance services for ISR and airborne missions.

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

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