Richard W. Paul & Associates LLC Grows Stock Holdings in L3Harris Technologies, Inc. (NYSE:LHX)

Richard W. Paul & Associates LLC boosted its stake in L3Harris Technologies, Inc. (NYSE:LHX) by 8,000.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 405 shares of the company’s stock after purchasing an additional 400 shares during the quarter. Richard W. Paul & Associates LLC’s holdings in L3Harris Technologies were worth $85,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Bradley & Co. Private Wealth Management LLC purchased a new stake in L3Harris Technologies in the 4th quarter worth $27,000. Roxbury Financial LLC purchased a new stake in L3Harris Technologies in the 4th quarter worth $30,000. Archer Investment Corp lifted its stake in 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 purchasing an additional 43 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in L3Harris Technologies in the 4th quarter worth $33,000. Finally, Kennebec Savings Bank purchased a new stake in L3Harris Technologies in the 3rd quarter worth $36,000. Hedge funds and other institutional investors own 84.76% of the company’s stock.

L3Harris Technologies Price Performance

Shares of LHX stock opened at $206.23 on Friday. 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 market capitalization of $38.84 billion, a P/E ratio of 26.20, a P/E/G ratio of 2.42 and a beta of 0.76. The company’s 50-day simple moving average is $209.05 and its two-hundred day simple moving average is $228.21. L3Harris Technologies, Inc. has a one year low of $193.09 and a one year high of $265.74.

L3Harris Technologies (NYSE:LHX) last issued its earnings results 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 net margin of 7.04% and a return on equity of 13.11%. As a group, equities analysts anticipate that L3Harris Technologies, Inc. will post 11.12 EPS for the current year.

Insiders Place Their Bets

In other news, insider Ross Niebergall sold 1,373 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $210.06, for a total transaction of $288,412.38. Following the transaction, the insider now directly owns 5,049 shares in the company, valued at approximately $1,060,592.94. This trade represents a 21.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 4,901 shares of company stock worth $1,059,757 in the last three months. Corporate insiders own 0.82% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on LHX shares. UBS Group boosted their price target on shares of L3Harris Technologies from $228.00 to $237.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Wells Fargo & Company decreased their target price on shares of L3Harris Technologies from $300.00 to $269.00 and set an “overweight” rating on the stock in a research report on Wednesday. Truist Financial decreased their target price on shares of L3Harris Technologies from $283.00 to $274.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft decreased their target price on shares of L3Harris Technologies from $250.00 to $229.00 and set a “hold” rating on the stock in a research report on Thursday, January 2nd. Finally, Raymond James cut shares of L3Harris Technologies from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, L3Harris Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $261.47.

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.