L3Harris Technologies, Inc. (NYSE:LHX) Shares Purchased by Brown Financial Advisors

Brown Financial Advisors raised its stake in L3Harris Technologies, Inc. (NYSE:LHX) by 4.9% in the fourth quarter, HoldingsChannel reports. The fund owned 1,962 shares of the company’s stock after purchasing an additional 91 shares during the period. Brown Financial Advisors’ holdings in L3Harris Technologies were worth $413,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Trifecta Capital Advisors LLC increased its holdings in shares of L3Harris Technologies by 8.2% during the 4th quarter. Trifecta Capital Advisors LLC now owns 14,769 shares of the company’s stock valued at $3,106,000 after purchasing an additional 1,115 shares in the last quarter. BankPlus Trust Department acquired a new stake in L3Harris Technologies during the fourth quarter valued at $1,295,000. Crestwood Advisors Group LLC increased its holdings in L3Harris Technologies by 12.1% in the fourth quarter. Crestwood Advisors Group LLC now owns 1,860 shares of the company’s stock valued at $391,000 after buying an additional 201 shares in the last quarter. IFP Advisors Inc increased its holdings in L3Harris Technologies by 51.6% in the fourth quarter. IFP Advisors Inc now owns 3,128 shares of the company’s stock valued at $660,000 after buying an additional 1,065 shares in the last quarter. Finally, RPG Investment Advisory LLC boosted its stake in shares of L3Harris Technologies by 5.7% during the 4th quarter. RPG Investment Advisory LLC now owns 35,164 shares of the company’s stock worth $7,394,000 after acquiring an additional 1,896 shares in the last quarter. 84.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on LHX. Raymond James lowered L3Harris Technologies from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 2nd. Susquehanna cut their price objective on L3Harris Technologies from $300.00 to $258.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Argus upgraded L3Harris Technologies from a “hold” rating to a “buy” rating and set a $300.00 target price on the stock in a research report on Tuesday, November 26th. Morgan Stanley dropped their price target on shares of 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, Bank of America reduced their price objective on shares of L3Harris Technologies from $300.00 to $265.00 and set a “buy” rating for the company in a research report on Tuesday, February 4th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $262.67.

L3Harris Technologies Trading Up 0.4 %

LHX opened at $199.89 on Tuesday. The firm has a market capitalization of $37.64 billion, a price-to-earnings ratio of 25.40, a price-to-earnings-growth ratio of 2.42 and a beta of 0.76. The company’s 50 day simple moving average is $209.82 and its two-hundred day simple moving average is $228.88. L3Harris Technologies, Inc. has a 1-year low of $193.09 and a 1-year 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.

L3Harris Technologies (NYSE:LHX) last announced its quarterly earnings data on Thursday, January 30th. The company reported $3.47 EPS 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%. Analysts expect that L3Harris Technologies, Inc. will post 11.12 EPS for the current fiscal year.

Insider Buying and Selling

In other L3Harris Technologies news, insider Ross Niebergall sold 1,764 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $213.65, for a total value of $376,878.60. Following the transaction, the insider now directly owns 6,812 shares in the company, valued at $1,455,383.80. The trade was a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last ninety days, insiders sold 4,901 shares of company stock worth $1,059,757. Insiders own 0.87% 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.