Nicholson Wealth Management Group LLC Raises Position in L3Harris Technologies, Inc. (NYSE:LHX)

Nicholson Wealth Management Group LLC grew its holdings in shares of L3Harris Technologies, Inc. (NYSE:LHX) by 3.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,060 shares of the company’s stock after purchasing an additional 237 shares during the quarter. Nicholson Wealth Management Group LLC’s holdings in L3Harris Technologies were worth $1,485,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Roxbury Financial LLC acquired a new stake in shares of L3Harris Technologies during the 4th quarter worth $30,000. Archer Investment Corp increased its holdings in shares of L3Harris Technologies by 48.9% during the 3rd quarter. Archer Investment Corp now owns 131 shares of the company’s stock worth $31,000 after buying an additional 43 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of L3Harris Technologies during the 4th quarter worth $33,000. Kennebec Savings Bank acquired a new stake in shares of L3Harris Technologies during the 3rd quarter worth $36,000. Finally, New Millennium Group LLC increased its holdings in shares of L3Harris Technologies by 776.2% during the 4th 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 last quarter. Hedge funds and other institutional investors own 84.76% of the company’s stock.

L3Harris Technologies Price Performance

NYSE LHX opened at $197.19 on Friday. L3Harris Technologies, Inc. has a 12 month low of $193.09 and a 12 month high of $265.74. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 0.90. The firm has a market capitalization of $37.13 billion, a PE ratio of 25.06, a P/E/G ratio of 2.40 and a beta of 0.76. The company’s 50 day simple moving average is $210.74 and its 200 day simple moving average is $229.26.

L3Harris Technologies (NYSE:LHX) last posted its quarterly earnings data on Thursday, January 30th. The company reported $3.47 EPS for the quarter, beating analysts’ consensus estimates of $3.43 by $0.04. L3Harris Technologies had a net margin of 7.04% and a return on equity of 13.11%. As a group, equities research analysts forecast that L3Harris Technologies, Inc. will post 11.12 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Ross Niebergall sold 1,373 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $210.06, for a total value of $288,412.38. Following the completion of the transaction, the insider now owns 5,049 shares of the company’s stock, valued at approximately $1,060,592.94. This trade represents a 21.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 4,901 shares of company stock worth $1,059,757. 0.82% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on LHX shares. Argus upgraded L3Harris Technologies from a “hold” rating to a “buy” rating and set a $300.00 price objective for the company in a report on Tuesday, November 26th. JPMorgan Chase & Co. dropped their price objective on L3Harris Technologies from $265.00 to $255.00 and set an “overweight” rating for the company in a report on Friday, January 31st. UBS Group upped their price objective on L3Harris Technologies from $228.00 to $237.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Truist Financial lowered their price target on L3Harris Technologies from $283.00 to $274.00 and set a “buy” rating for the company in a report on Friday, January 31st. Finally, Morgan Stanley lowered their price target on L3Harris Technologies from $260.00 to $250.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, L3Harris Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $262.67.

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.