L3Harris Technologies, Inc. (NYSE:LHX) Shares Sold by Moody National Bank Trust Division

Moody National Bank Trust Division lessened its holdings in L3Harris Technologies, Inc. (NYSE:LHXGet Rating) by 18.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,585 shares of the company’s stock after selling 1,452 shares during the period. Moody National Bank Trust Division’s holdings in L3Harris Technologies were worth $1,636,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Equitec Proprietary Markets LLC acquired a new position in shares of L3Harris Technologies in the 4th quarter valued at $25,000. Concord Wealth Partners lifted its stake in shares of L3Harris Technologies by 69.4% in the 4th quarter. Concord Wealth Partners now owns 122 shares of the company’s stock valued at $26,000 after purchasing an additional 50 shares during the last quarter. Wagner Wealth Management LLC raised its holdings in shares of L3Harris Technologies by 296.9% in the 4th quarter. Wagner Wealth Management LLC now owns 127 shares of the company’s stock valued at $27,000 after buying an additional 95 shares during the period. EverSource Wealth Advisors LLC purchased a new stake in shares of L3Harris Technologies in the 4th quarter valued at $32,000. Finally, Bogart Wealth LLC raised its holdings in shares of L3Harris Technologies by 59.1% in the 4th quarter. Bogart Wealth LLC now owns 183 shares of the company’s stock valued at $39,000 after buying an additional 68 shares during the period. 80.15% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE LHX opened at $229.64 on Thursday. The stock has a market cap of $44.29 billion, a PE ratio of 24.69, a price-to-earnings-growth ratio of 3.85 and a beta of 0.76. The company has a quick ratio of 1.09, a current ratio of 1.32 and a debt-to-equity ratio of 0.35. L3Harris Technologies, Inc. has a 52-week low of $200.71 and a 52-week high of $279.71. The business has a 50-day moving average price of $239.29 and a 200 day moving average price of $233.60.

L3Harris Technologies (NYSE:LHXGet Rating) last announced its earnings results on Thursday, April 28th. The company reported $3.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.02 by $0.10. L3Harris Technologies had a return on equity of 13.18% and a net margin of 10.68%. The firm had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.13 billion. During the same period in the prior year, the firm earned $3.18 EPS. The business’s revenue was down 10.2% on a year-over-year basis. Sell-side analysts anticipate that L3Harris Technologies, Inc. will post 13.6 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 17th. Shareholders of record on Friday, June 3rd were given a dividend of $1.12 per share. The ex-dividend date of this dividend was Thursday, June 2nd. This represents a $4.48 dividend on an annualized basis and a yield of 1.95%. L3Harris Technologies’s payout ratio is 48.17%.

Several equities research analysts have weighed in on the company. Susquehanna cut their price target on L3Harris Technologies from $302.00 to $298.00 in a report on Monday, May 2nd. StockNews.com downgraded L3Harris Technologies from a “buy” rating to a “hold” rating in a report on Friday, April 29th. Susquehanna Bancshares dropped their price objective on L3Harris Technologies from $302.00 to $298.00 in a report on Monday, May 2nd. Jefferies Financial Group dropped their price objective on L3Harris Technologies from $320.00 to $300.00 in a report on Monday, May 2nd. Finally, Morgan Stanley increased their price objective on L3Harris Technologies from $230.00 to $276.00 and gave the company an “equal weight” rating in a report on Wednesday, March 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $265.09.

L3Harris Technologies Company Profile (Get Rating)

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, modification, 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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