Albion Financial Group UT Buys 94 Shares of L3Harris Technologies, Inc. (NYSE:LHX)

Albion Financial Group UT raised its stake in L3Harris Technologies, Inc. (NYSE:LHX) by 33.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 376 shares of the company’s stock after purchasing an additional 94 shares during the quarter. Albion Financial Group UT’s holdings in L3Harris Technologies were worth $79,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. XML Financial LLC lifted its position in shares of L3Harris Technologies by 2.2% in the fourth quarter. XML Financial LLC now owns 10,735 shares of the company’s stock worth $2,257,000 after buying an additional 233 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in L3Harris Technologies by 0.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 39,405 shares of the company’s stock worth $8,286,000 after acquiring an additional 99 shares during the last quarter. MCF Advisors LLC raised its holdings in shares of L3Harris Technologies by 84.0% during the 4th quarter. MCF Advisors LLC now owns 241 shares of the company’s stock worth $51,000 after acquiring an additional 110 shares in the last quarter. Aspire Private Capital LLC boosted its position in shares of L3Harris Technologies by 6,594.4% during the 4th quarter. Aspire Private Capital LLC now owns 1,205 shares of the company’s stock valued at $253,000 after acquiring an additional 1,187 shares during the last quarter. Finally, Atomi Financial Group Inc. grew its holdings in shares of L3Harris Technologies by 15.7% in the fourth quarter. Atomi Financial Group Inc. now owns 3,487 shares of the company’s stock valued at $733,000 after purchasing an additional 474 shares in the last quarter. Hedge funds and other institutional investors own 84.76% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on LHX shares. Royal Bank of Canada increased their price objective on shares of L3Harris Technologies from $240.00 to $265.00 and gave the company a “sector perform” rating in a research report on Monday, October 28th. Susquehanna reduced their price objective on L3Harris Technologies from $300.00 to $258.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Raymond James lowered L3Harris Technologies from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 2nd. Truist Financial cut their target price on L3Harris Technologies from $300.00 to $283.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Finally, Barclays lowered their price target on L3Harris Technologies from $290.00 to $255.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $266.19.

L3Harris Technologies Stock Performance

L3Harris Technologies stock opened at $220.02 on Thursday. L3Harris Technologies, Inc. has a fifty-two week low of $200.18 and a fifty-two week high of $265.74. The company has a market capitalization of $41.73 billion, a PE ratio of 34.76, a P/E/G ratio of 1.74 and a beta of 0.75. The company has a 50 day moving average price of $225.58 and a 200-day moving average price of $233.04. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.87 and a current ratio of 1.04.

L3Harris Technologies (NYSE:LHX) last issued its earnings results on Thursday, October 24th. The company reported $3.34 earnings per share for the quarter, topping the consensus estimate of $3.27 by $0.07. The business had revenue of $5.29 billion during the quarter, compared to analysts’ expectations of $5.28 billion. L3Harris Technologies had a return on equity of 13.11% and a net margin of 5.71%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business earned $3.19 EPS. As a group, equities analysts forecast that L3Harris Technologies, Inc. will post 13.07 earnings per share for the current year.

Insider Buying and Selling

In other L3Harris Technologies news, insider Ross Niebergall sold 2,988 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $247.93, for a total transaction of $740,814.84. Following the transaction, the insider now owns 10,340 shares of the company’s stock, valued at approximately $2,563,596.20. This trade represents a 22.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 7,889 shares of company stock valued at $1,800,572 over the last three months. 0.87% of the stock is owned by company insiders.

About L3Harris Technologies

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.