L3Harris Technologies, Inc. (NYSE:LHX) Shares Bought by Xponance Inc.

Xponance Inc. lifted its holdings in L3Harris Technologies, Inc. (NYSE:LHX) by 5.7% in the fourth quarter, HoldingsChannel reports. The firm owned 26,963 shares of the company’s stock after buying an additional 1,443 shares during the quarter. Xponance Inc.’s holdings in L3Harris Technologies were worth $5,679,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Cowa LLC acquired a new position in shares of L3Harris Technologies in the first quarter valued at approximately $26,000. Strategic Investment Solutions Inc. IL acquired a new position in L3Harris Technologies during the 1st quarter worth approximately $27,000. KB Financial Partners LLC grew its holdings in L3Harris Technologies by 96.5% during the 3rd quarter. KB Financial Partners LLC now owns 167 shares of the company’s stock worth $29,000 after acquiring an additional 82 shares in the last quarter. First Capital Advisors Group LLC. acquired a new position in shares of L3Harris Technologies in the 2nd quarter valued at $29,000. Finally, Eagle Bay Advisors LLC acquired a new position in shares of L3Harris Technologies in the 2nd quarter valued at $30,000. Institutional investors and hedge funds own 84.76% of the company’s stock.

Insiders Place Their Bets

In other news, Director William H. Swanson purchased 1,250 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were bought at an average cost of $215.35 per share, with a total value of $269,187.50. Following the purchase, the director now directly owns 1,543 shares of the company’s stock, valued at $332,285.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other L3Harris Technologies news, CEO Christopher E. Kubasik sold 40,000 shares of the firm’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $212.22, for a total transaction of $8,488,800.00. Following the sale, the chief executive officer now directly owns 116,175 shares of the company’s stock, valued at approximately $24,654,658.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William H. Swanson purchased 1,250 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were purchased at an average cost of $215.35 per share, for a total transaction of $269,187.50. Following the completion of the purchase, the director now directly owns 1,543 shares in the company, valued at $332,285.05. The disclosure for this purchase can be found here. Insiders have sold 48,362 shares of company stock valued at $10,261,360 in the last ninety days. Insiders own 0.82% of the company’s stock.

Wall Street Analysts Forecast Growth

LHX has been the subject of several research reports. Royal Bank of Canada upped their price target on shares of L3Harris Technologies from $235.00 to $245.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. Raymond James upped their price target on shares of L3Harris Technologies from $220.00 to $235.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. Wells Fargo & Company reduced their price target on shares of L3Harris Technologies from $250.00 to $238.00 and set an “overweight” rating for the company in a research report on Tuesday, January 30th. JPMorgan Chase & Co. upgraded shares of L3Harris Technologies from a “neutral” rating to an “overweight” rating and set a $240.00 price target for the company in a research report on Thursday, January 11th. Finally, UBS Group upped their price objective on shares of L3Harris Technologies from $222.00 to $229.00 and gave the stock a “neutral” rating in a research report on Monday, January 29th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $229.00.

L3Harris Technologies Price Performance

Shares of NYSE LHX opened at $205.45 on Friday. The stock has a market cap of $39.06 billion, a price-to-earnings ratio of 31.90, a PEG ratio of 1.88 and a beta of 0.65. L3Harris Technologies, Inc. has a 52 week low of $160.25 and a 52 week high of $218.34. The company’s 50-day moving average price is $210.30 and its 200 day moving average price is $199.84. The company has a current ratio of 1.01, a quick ratio of 0.82 and a debt-to-equity ratio of 0.59.

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

L3Harris Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 2.26%. L3Harris Technologies’s payout ratio is 72.05%.

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.