Premier Path Wealth Partners LLC Boosts Stake in L3Harris Technologies, Inc. (NYSE:LHX)

Premier Path Wealth Partners LLC boosted its holdings in L3Harris Technologies, Inc. (NYSE:LHX) by 3.4% in the 4th quarter, HoldingsChannel reports. The fund owned 1,561 shares of the company’s stock after acquiring an additional 51 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in L3Harris Technologies were worth $328,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of LHX. Edgestream Partners L.P. lifted its stake in shares of L3Harris Technologies by 18.1% in the second quarter. Edgestream Partners L.P. now owns 4,557 shares of the company’s stock valued at $1,023,000 after purchasing an additional 698 shares during the period. Blair William & Co. IL grew its position in L3Harris Technologies by 1.9% during the second quarter. Blair William & Co. IL now owns 30,600 shares of the company’s stock worth $6,872,000 after buying an additional 575 shares during the period. Intech Investment Management LLC increased its holdings in L3Harris Technologies by 261.5% in the second quarter. Intech Investment Management LLC now owns 13,834 shares of the company’s stock valued at $3,107,000 after buying an additional 10,007 shares in the last quarter. Brighton Jones LLC boosted its stake in shares of L3Harris Technologies by 3.5% during the 2nd quarter. Brighton Jones LLC now owns 1,616 shares of the company’s stock worth $363,000 after acquiring an additional 55 shares in the last quarter. Finally, Ieq Capital LLC grew its holdings in shares of L3Harris Technologies by 23.8% in the 2nd quarter. Ieq Capital LLC now owns 13,308 shares of the company’s stock worth $2,989,000 after acquiring an additional 2,560 shares during the period. Hedge funds and other institutional investors own 84.76% of the company’s stock.

Analysts Set New Price Targets

LHX has been the subject of several research reports. StockNews.com raised L3Harris Technologies from a “hold” rating to a “buy” rating in a report on Monday, October 28th. Raymond James lowered shares of L3Harris Technologies from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd. JPMorgan Chase & Co. dropped their target price on shares of L3Harris Technologies from $270.00 to $265.00 and set an “overweight” rating for the company in a report on Thursday. Argus raised shares of L3Harris Technologies from a “hold” rating to a “buy” rating and set a $300.00 price target on the stock in a report on Tuesday, November 26th. Finally, Barclays dropped their price objective on shares of L3Harris Technologies from $290.00 to $255.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, L3Harris Technologies presently has an average rating of “Moderate Buy” and an average target price of $266.19.

L3Harris Technologies Stock Performance

NYSE LHX opened at $218.22 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $41.39 billion, a PE ratio of 34.47, a price-to-earnings-growth ratio of 1.68 and a beta of 0.75. The business’s 50-day moving average price is $227.28 and its 200 day moving average price is $232.97. L3Harris Technologies, Inc. has a twelve month low of $200.18 and a twelve month high of $265.74.

L3Harris Technologies (NYSE:LHX) last announced its quarterly earnings data on Thursday, October 24th. The company reported $3.34 earnings per share for the quarter, topping the consensus estimate of $3.27 by $0.07. L3Harris Technologies had a net margin of 5.71% and a return on equity of 13.11%. The business had revenue of $5.29 billion for the quarter, compared to analyst estimates of $5.28 billion. During the same period in the prior year, the firm posted $3.19 EPS. The company’s revenue was up 7.7% on a year-over-year basis. On average, research analysts predict that L3Harris Technologies, Inc. will post 13.07 earnings per share for the current year.

Insider Buying and Selling at L3Harris Technologies

In related news, insider Ross Niebergall sold 2,988 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $247.93, for a total value of $740,814.84. Following the transaction, the insider now directly owns 10,340 shares of the company’s stock, valued at approximately $2,563,596.20. This trade represents a 22.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 7,889 shares of company stock worth $1,800,572 in the last quarter. 0.87% of the stock is owned by insiders.

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.