L3Harris Technologies, Inc. (NYSE:LHX) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA reduced its stake in shares of L3Harris Technologies, Inc. (NYSE:LHX) by 3.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 33,009 shares of the company’s stock after selling 1,141 shares during the quarter. Leeward Investments LLC MA’s holdings in L3Harris Technologies were worth $6,941,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in LHX. Archer Investment Corp grew its holdings in shares of L3Harris Technologies by 48.9% in the 3rd quarter. Archer Investment Corp now owns 131 shares of the company’s stock worth $31,000 after acquiring an additional 43 shares during the period. Roxbury Financial LLC purchased a new stake in L3Harris Technologies during the fourth quarter worth $30,000. Kennebec Savings Bank acquired a new stake in L3Harris Technologies in the third quarter valued at $36,000. Union Bancaire Privee UBP SA purchased a new position in shares of L3Harris Technologies in the fourth quarter valued at $33,000. Finally, New Millennium Group LLC raised its stake 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. 84.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on LHX shares. JPMorgan Chase & Co. lowered their price objective on shares of L3Harris Technologies from $265.00 to $255.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Susquehanna lowered their price target on shares of L3Harris Technologies from $300.00 to $258.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Royal Bank of Canada reissued a “sector perform” rating and set a $240.00 price objective on shares of L3Harris Technologies in a research note on Friday, January 31st. Morgan Stanley reduced their target price on L3Harris Technologies from $260.00 to $250.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on L3Harris Technologies from $250.00 to $229.00 and set a “hold” rating for the company in a research report on Thursday, January 2nd. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $262.67.

L3Harris Technologies Trading Up 1.0 %

NYSE LHX opened at $199.13 on Monday. The company has a market cap of $37.50 billion, a P/E ratio of 25.30, a P/E/G ratio of 2.42 and a beta of 0.76. 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 company has a 50-day moving average of $210.26 and a 200-day moving average of $229.10.

L3Harris Technologies (NYSE:LHX) last issued its quarterly earnings results on Thursday, January 30th. The company reported $3.47 EPS for the quarter, topping the consensus estimate 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 analysts predict that L3Harris Technologies, Inc. will post 11.12 earnings per share for the current year.

Insider Transactions at L3Harris Technologies

In related news, insider Ross Niebergall sold 1,764 shares of L3Harris Technologies stock in a transaction 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 transaction, the insider now owns 6,812 shares in the company, valued at approximately $1,455,383.80. This trade represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 4,901 shares of company stock worth $1,059,757 in the last ninety days. Insiders own 0.82% of the company’s stock.

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.