Romano Brothers AND Company Sells 200 Shares of L3Harris Technologies, Inc. (NYSE:LHX)

Romano Brothers AND Company lowered its position in shares of L3Harris Technologies, Inc. (NYSE:LHX) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,429 shares of the company’s stock after selling 200 shares during the period. Romano Brothers AND Company’s holdings in L3Harris Technologies were worth $3,455,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Bowman & Co S.C. increased its holdings in shares of L3Harris Technologies by 6.0% in the 4th quarter. Bowman & Co S.C. now owns 4,582 shares of the company’s stock worth $964,000 after purchasing an additional 258 shares in the last quarter. IAM Advisory LLC lifted its stake in L3Harris Technologies by 1.6% during the 4th quarter. IAM Advisory LLC now owns 8,430 shares of the company’s stock valued at $1,773,000 after acquiring an additional 133 shares during the period. Sara Bay Financial boosted its holdings in shares of L3Harris Technologies by 11.0% during the 4th quarter. Sara Bay Financial now owns 1,262 shares of the company’s stock valued at $264,000 after acquiring an additional 125 shares during the last quarter. Trust Co. of Vermont raised its holdings in shares of L3Harris Technologies by 78.9% during the fourth quarter. Trust Co. of Vermont now owns 195 shares of the company’s stock valued at $41,000 after purchasing an additional 86 shares during the last quarter. Finally, Premier Path Wealth Partners LLC lifted its position in L3Harris Technologies by 3.4% during the fourth quarter. Premier Path Wealth Partners LLC now owns 1,561 shares of the company’s stock valued at $328,000 after purchasing an additional 51 shares during the period. 84.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other L3Harris Technologies news, insider Ross Niebergall sold 1,373 shares of L3Harris Technologies stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $210.06, for a total value of $288,412.38. Following the sale, the insider now owns 5,049 shares of the company’s stock, valued at $1,060,592.94. The trade was a 21.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last three months, insiders have sold 7,889 shares of company stock worth $1,800,572. Corporate insiders own 0.87% of the company’s stock.

L3Harris Technologies Trading Down 0.1 %

LHX stock opened at $218.22 on Friday. The company has a market capitalization of $41.39 billion, a price-to-earnings ratio of 34.47, a PEG ratio of 1.68 and a beta of 0.75. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.04 and a quick ratio of 0.87. L3Harris Technologies, Inc. has a 1-year low of $200.18 and a 1-year high of $265.74. The business has a 50 day simple moving average of $227.28 and a two-hundred day simple moving average of $232.97.

L3Harris Technologies (NYSE:LHX) last posted its earnings results on Thursday, October 24th. The company reported $3.34 earnings per share for the quarter, beating the consensus estimate of $3.27 by $0.07. The company had revenue of $5.29 billion during the quarter, compared to analysts’ expectations of $5.28 billion. L3Harris Technologies had a net margin of 5.71% and a return on equity of 13.11%. L3Harris Technologies’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the company posted $3.19 earnings per share. Research analysts anticipate that L3Harris Technologies, Inc. will post 13.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on LHX. Argus upgraded shares of L3Harris Technologies from a “hold” rating to a “buy” rating and set a $300.00 target price for the company in a research note on Tuesday, November 26th. StockNews.com upgraded L3Harris Technologies from a “hold” rating to a “buy” rating in a research note on Monday, October 28th. Wells Fargo & Company lowered their price objective on shares of L3Harris Technologies from $295.00 to $287.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 11th. Wolfe Research raised shares of L3Harris Technologies from a “peer perform” rating to an “outperform” rating and set a $300.00 target price for the company in a report on Thursday, October 10th. Finally, Citigroup increased their price target on shares of L3Harris Technologies from $268.00 to $291.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $266.19.

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.