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

Signaturefd LLC boosted its holdings in shares of L3Harris Technologies, Inc. (NYSE:LHXFree Report) by 20.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,942 shares of the company’s stock after acquiring an additional 1,540 shares during the quarter. Signaturefd LLC’s holdings in L3Harris Technologies were worth $1,883,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp grew its stake in shares of L3Harris Technologies by 4.1% in the first quarter. State Street Corp now owns 8,691,190 shares of the company’s stock valued at $1,705,558,000 after buying an additional 339,806 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of L3Harris Technologies by 1.0% in the first quarter. Geode Capital Management LLC now owns 3,556,352 shares of the company’s stock valued at $696,145,000 after buying an additional 34,726 shares in the last quarter. Morgan Stanley grew its stake in shares of L3Harris Technologies by 1.9% in the third quarter. Morgan Stanley now owns 2,507,948 shares of the company’s stock valued at $436,684,000 after buying an additional 47,691 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of L3Harris Technologies by 4.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,041,826 shares of the company’s stock valued at $430,049,000 after buying an additional 82,423 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of L3Harris Technologies in the fourth quarter valued at $342,413,000. Institutional investors and hedge funds own 84.76% of the company’s stock.

L3Harris Technologies Stock Up 1.7 %

Shares of NYSE:LHX traded up $3.37 on Friday, hitting $205.45. 898,618 shares of the company’s stock were exchanged, compared to its average volume of 996,133. The firm’s 50-day moving average is $210.30 and its 200 day moving average is $200.05. The company has a market capitalization of $39.06 billion, a PE ratio of 31.90, a P/E/G ratio of 1.91 and a beta of 0.65. L3Harris Technologies, Inc. has a 1-year low of $160.25 and a 1-year high of $218.34. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.82 and a current ratio of 1.01.

L3Harris Technologies (NYSE:LHXGet Free Report) last released its quarterly earnings data on Friday, January 26th. The company reported $3.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $0.04. The business had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.28 billion. L3Harris Technologies had a return on equity of 12.68% and a net margin of 6.32%. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.27 EPS. Sell-side analysts predict that L3Harris Technologies, Inc. will post 12.73 EPS for the current year.

L3Harris Technologies Announces Dividend

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

Wall Street Analyst Weigh In

LHX has been the subject of a number of research reports. Raymond James lifted their price objective on L3Harris Technologies from $220.00 to $235.00 and gave the company an “outperform” rating in a research note on Monday, January 29th. Wells Fargo & Company decreased their target price on L3Harris Technologies from $250.00 to $238.00 and set an “overweight” rating for the company in a report on Tuesday, January 30th. Citigroup lifted their target price on L3Harris Technologies from $238.00 to $245.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. UBS Group lifted their target price on L3Harris Technologies from $222.00 to $229.00 and gave the company a “neutral” rating in a report on Monday, January 29th. Finally, Royal Bank of Canada lifted their target price on L3Harris Technologies from $235.00 to $245.00 and gave the company an “outperform” rating in a report on Monday, January 29th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, L3Harris Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $229.00.

Get Our Latest Report on LHX

Insider Activity at L3Harris Technologies

In related news, insider Edward J. Zoiss sold 3,707 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $211.47, for a total value of $783,919.29. Following the completion of the sale, the insider now directly owns 28,644 shares of the company’s stock, valued at approximately $6,057,346.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director William H. Swanson bought 1,250 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was purchased at an average cost of $215.35 per share, with a total value of $269,187.50. Following the transaction, the director now directly owns 1,543 shares in the company, valued at $332,285.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Edward J. Zoiss sold 3,707 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $211.47, for a total value of $783,919.29. Following the completion of the sale, the insider now directly owns 28,644 shares of the company’s stock, valued at $6,057,346.68. The disclosure for this sale can be found here. Insiders sold a total of 48,362 shares of company stock valued at $10,261,360 in the last three months. 0.82% of the stock is currently owned by company insiders.

L3Harris Technologies Company Profile

(Free Report)

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.

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

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