1,129 Shares in L3Harris Technologies, Inc. (NYSE:LHX) Bought by Olympiad Research LP

Olympiad Research LP bought a new position in shares of L3Harris Technologies, Inc. (NYSE:LHX) in the 4th quarter, Holdings Channel.com reports. The fund bought 1,129 shares of the company’s stock, valued at approximately $237,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Pinnacle Financial Partners Inc lifted its holdings in L3Harris Technologies by 1.0% during the 4th quarter. Pinnacle Financial Partners Inc now owns 36,072 shares of the company’s stock worth $7,585,000 after buying an additional 349 shares during the last quarter. Sigma Planning Corp lifted its holdings in L3Harris Technologies by 2.2% during the 4th quarter. Sigma Planning Corp now owns 2,671 shares of the company’s stock worth $562,000 after buying an additional 58 shares during the last quarter. Ipswich Investment Management Co. Inc. lifted its holdings in L3Harris Technologies by 2.9% during the 4th quarter. Ipswich Investment Management Co. Inc. now owns 9,145 shares of the company’s stock worth $1,923,000 after buying an additional 255 shares during the last quarter. Cordatus Wealth Management LLC lifted its holdings in L3Harris Technologies by 1.0% during the 4th quarter. Cordatus Wealth Management LLC now owns 7,321 shares of the company’s stock worth $1,539,000 after buying an additional 69 shares during the last quarter. Finally, Nicholson Wealth Management Group LLC lifted its holdings in L3Harris Technologies by 3.5% during the 4th quarter. Nicholson Wealth Management Group LLC now owns 7,060 shares of the company’s stock worth $1,485,000 after buying an additional 237 shares during the last quarter. 84.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on LHX shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $240.00 price target on shares of L3Harris Technologies in a report on Friday, January 31st. Barclays decreased their price target on L3Harris Technologies from $290.00 to $255.00 and set an “overweight” rating for the company in a report on Monday, January 6th. UBS Group lifted their price target on L3Harris Technologies from $228.00 to $237.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. JPMorgan Chase & Co. decreased their target price on L3Harris Technologies from $265.00 to $255.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Finally, Argus raised L3Harris Technologies from a “hold” rating to a “buy” rating and set a $300.00 target price for the company in a research report on Tuesday, November 26th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $262.67.

Insiders Place Their Bets

In other news, insider Ross Niebergall sold 1,764 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $213.65, for a total transaction of $376,878.60. Following the completion of the transaction, the insider now directly owns 6,812 shares of the company’s stock, valued at approximately $1,455,383.80. This represents a 20.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders sold 4,901 shares of company stock valued at $1,059,757. 0.82% of the stock is owned by company insiders.

L3Harris Technologies Stock Up 1.0 %

L3Harris Technologies stock opened at $199.13 on Monday. L3Harris Technologies, Inc. has a twelve month low of $193.09 and a twelve month high of $265.74. The stock has a 50 day moving average of $210.26 and a two-hundred day moving average of $229.10. The company has a current ratio of 1.08, a quick ratio of 0.90 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $37.50 billion, a price-to-earnings ratio of 25.30, a PEG ratio of 2.42 and a beta of 0.76.

L3Harris Technologies (NYSE:LHX) last posted its quarterly earnings data on Thursday, January 30th. The company reported $3.47 earnings per share for the quarter, topping analysts’ consensus estimates of $3.43 by $0.04. L3Harris Technologies had a return on equity of 13.11% and a net margin of 7.04%. As a group, research analysts expect that L3Harris Technologies, Inc. will post 11.12 earnings per share for the current year.

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.