Pflug Koory LLC Raises Stock Position in L3Harris Technologies, Inc. (NYSE:LHX)

Pflug Koory LLC boosted its position in shares of L3Harris Technologies, Inc. (NYSE:LHX) by 4.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,974 shares of the company’s stock after acquiring an additional 234 shares during the period. Pflug Koory LLC’s holdings in L3Harris Technologies were worth $1,046,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of LHX. Public Sector Pension Investment Board grew its stake in L3Harris Technologies by 72.6% during the 2nd quarter. Public Sector Pension Investment Board now owns 7,208 shares of the company’s stock worth $1,619,000 after buying an additional 3,032 shares during the last quarter. Evergreen Capital Management LLC grew its stake in shares of L3Harris Technologies by 12.5% during the second quarter. Evergreen Capital Management LLC now owns 1,396 shares of the company’s stock worth $314,000 after acquiring an additional 155 shares during the last quarter. Insigneo Advisory Services LLC increased its holdings in shares of L3Harris Technologies by 6.0% during the second quarter. Insigneo Advisory Services LLC now owns 2,725 shares of the company’s stock valued at $619,000 after acquiring an additional 155 shares in the last quarter. AXA S.A. acquired a new stake in L3Harris Technologies in the 2nd quarter worth approximately $292,000. Finally, AQR Capital Management LLC boosted its stake in L3Harris Technologies by 41.0% in the 2nd quarter. AQR Capital Management LLC now owns 158,345 shares of the company’s stock worth $35,561,000 after purchasing an additional 46,027 shares in the last quarter. 84.76% of the stock is currently owned by institutional investors and hedge funds.

L3Harris Technologies Price Performance

NYSE:LHX opened at $218.64 on Friday. The stock has a market capitalization of $41.47 billion, a PE ratio of 34.54, a price-to-earnings-growth ratio of 1.75 and a beta of 0.75. L3Harris Technologies, Inc. has a 52 week low of $200.18 and a 52 week high of $265.74. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 0.58. The stock’s 50-day moving average price is $224.18 and its 200-day moving average price is $232.86.

L3Harris Technologies (NYSE:LHX) last posted its quarterly earnings data on Thursday, October 24th. The company reported $3.34 EPS for the quarter, beating analysts’ consensus estimates of $3.27 by $0.07. L3Harris Technologies had a return on equity of 13.11% and a net margin of 5.71%. The business had revenue of $5.29 billion during the quarter, compared to analysts’ expectations of $5.28 billion. During the same period in the previous year, the business earned $3.19 earnings per share. The business’s revenue was up 7.7% compared to the same quarter last year. As a group, equities analysts expect that L3Harris Technologies, Inc. will post 13.07 EPS for the current fiscal year.

Insider Activity at L3Harris Technologies

In other news, insider Ross Niebergall sold 1,764 shares of L3Harris Technologies stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $223.62, for a total value of $394,465.68. Following the sale, the insider now owns 8,576 shares in the company, valued at $1,917,765.12. This trade represents a 17.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders have sold 7,889 shares of company stock valued at $1,800,572. 0.82% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of L3Harris Technologies from $250.00 to $229.00 and set a “hold” rating for the company in a report on Thursday, January 2nd. Royal Bank of Canada lifted their price target on L3Harris Technologies from $240.00 to $265.00 and gave the stock a “sector perform” rating in a research report on Monday, October 28th. Barclays cut their price objective on L3Harris Technologies from $290.00 to $255.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Sanford C. Bernstein raised L3Harris Technologies from a “market perform” rating to an “outperform” rating and decreased their target price for the stock from $289.00 to $267.00 in a report on Wednesday, January 8th. Finally, Wells Fargo & Company cut their price target on shares of L3Harris Technologies from $295.00 to $287.00 and set an “overweight” rating on the stock in a report on Wednesday, December 11th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $266.19.

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.