L3Harris Technologies, Inc. (NYSE:LHX) Shares Sold by Guyasuta Investment Advisors Inc.

Guyasuta Investment Advisors Inc. reduced its holdings in L3Harris Technologies, Inc. (NYSE:LHX) by 11.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,763 shares of the company’s stock after selling 2,135 shares during the quarter. Guyasuta Investment Advisors Inc.’s holdings in L3Harris Technologies were worth $3,525,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Archer Investment Corp grew its position in L3Harris Technologies by 48.9% during the third quarter. Archer Investment Corp now owns 131 shares of the company’s stock valued at $31,000 after acquiring an additional 43 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in L3Harris Technologies during the fourth quarter valued at about $33,000. Kennebec Savings Bank purchased a new stake in L3Harris Technologies during the third quarter valued at about $36,000. New Millennium Group LLC boosted its position in shares of L3Harris Technologies by 776.2% in the fourth quarter. New Millennium Group LLC now owns 184 shares of the company’s stock worth $39,000 after buying an additional 163 shares during the period. Finally, Trust Co. of Vermont boosted its position in shares of L3Harris Technologies by 78.9% in the fourth quarter. Trust Co. of Vermont now owns 195 shares of the company’s stock worth $41,000 after buying an additional 86 shares during the period. 84.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related 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 value 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 $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 available through the SEC website. Insiders sold 4,901 shares of company stock valued at $1,059,757 in the last three months. 0.82% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

LHX has been the subject of several analyst reports. Citigroup decreased their target price on L3Harris Technologies from $291.00 to $285.00 and set a “buy” rating for the company in a research report on Monday, February 10th. Raymond James downgraded L3Harris Technologies from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd. Barclays decreased their target price 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. Wells Fargo & Company cut their price target on L3Harris Technologies from $295.00 to $287.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 11th. Finally, UBS Group boosted their price target on L3Harris Technologies from $228.00 to $237.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $262.67.

L3Harris Technologies Stock Down 1.0 %

Shares of L3Harris Technologies stock opened at $198.02 on Friday. 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 business’s 50 day simple moving average is $214.03 and its 200-day simple moving average is $230.33. The stock has a market capitalization of $37.56 billion, a price-to-earnings ratio of 25.16, a PEG ratio of 1.75 and a beta of 0.76. L3Harris Technologies, Inc. has a twelve month low of $196.67 and a twelve month high of $265.74.

L3Harris Technologies (NYSE:LHX) last announced its quarterly earnings results 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%. Equities research analysts forecast that L3Harris Technologies, Inc. will post 11.19 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.