New York Life Investment Management LLC Has $6.82 Million Position in L3Harris Technologies, Inc. (NYSE:LHX)

New York Life Investment Management LLC cut its holdings in shares of L3Harris Technologies, Inc. (NYSE:LHXFree Report) by 3.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,185 shares of the company’s stock after selling 1,502 shares during the quarter. New York Life Investment Management LLC’s holdings in L3Harris Technologies were worth $6,823,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. American International Group Inc. increased its holdings in shares of L3Harris Technologies by 0.4% during the 2nd quarter. American International Group Inc. now owns 50,168 shares of the company’s stock worth $9,821,000 after acquiring an additional 194 shares during the last quarter. Kentucky Retirement Systems acquired a new position in L3Harris Technologies in the 3rd quarter valued at $2,642,000. GDS Wealth Management grew its holdings in L3Harris Technologies by 184.5% in the 3rd quarter. GDS Wealth Management now owns 90,123 shares of the company’s stock valued at $15,692,000 after buying an additional 58,441 shares in the last quarter. Ceredex Value Advisors LLC grew its holdings in L3Harris Technologies by 14.1% in the 3rd quarter. Ceredex Value Advisors LLC now owns 673,757 shares of the company’s stock valued at $117,315,000 after buying an additional 83,319 shares in the last quarter. Finally, Strong Tower Advisory Services grew its holdings in L3Harris Technologies by 2.8% in the 3rd quarter. Strong Tower Advisory Services now owns 5,314 shares of the company’s stock valued at $925,000 after buying an additional 147 shares in the last quarter. 81.33% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Edward J. Zoiss sold 4,742 shares of L3Harris Technologies stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $190.00, for a total transaction of $900,980.00. Following the sale, the insider now directly owns 27,183 shares of the company’s stock, valued at $5,164,770. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on LHX. JPMorgan Chase & Co. raised L3Harris Technologies from a “neutral” rating to an “overweight” rating and set a $240.00 price objective on the stock in a report on Thursday, January 11th. StockNews.com lowered L3Harris Technologies from a “buy” rating to a “hold” rating in a report on Monday, January 29th. Wells Fargo & Company decreased their price objective on L3Harris Technologies from $250.00 to $238.00 and set an “overweight” rating on the stock in a report on Tuesday. Raymond James increased their target price on L3Harris Technologies from $220.00 to $235.00 and gave the stock an “outperform” rating in a report on Monday, January 29th. Finally, Robert W. Baird raised L3Harris Technologies from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $198.00 to $216.00 in a report on Tuesday, October 31st. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $225.29.

Read Our Latest Report on LHX

L3Harris Technologies Price Performance

Shares of LHX stock opened at $207.00 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.01 and a debt-to-equity ratio of 0.59. L3Harris Technologies, Inc. has a twelve month low of $160.25 and a twelve month high of $219.31. The company has a market cap of $39.23 billion, a P/E ratio of 32.14, a P/E/G ratio of 2.45 and a beta of 0.66. The business has a fifty day simple moving average of $204.57 and a 200 day simple moving average of $188.83.

L3Harris Technologies (NYSE:LHXGet Free Report) last posted its earnings results on Friday, January 26th. The company reported $3.35 EPS for the quarter, beating the consensus estimate of $3.31 by $0.04. L3Harris Technologies had a return on equity of 12.68% and a net margin of 6.32%. The firm had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.28 billion. During the same period last year, the company earned $3.27 earnings per share. The business’s quarterly revenue was up 16.6% on a year-over-year basis. On average, sell-side analysts forecast that L3Harris Technologies, Inc. will post 12.77 EPS for the current fiscal year.

L3Harris Technologies Company Profile

(Free Report)

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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