Trifecta Capital Advisors LLC Acquires 1,115 Shares of L3Harris Technologies, Inc. (NYSE:LHX)

Trifecta Capital Advisors LLC increased its holdings in shares of L3Harris Technologies, Inc. (NYSE:LHX) by 8.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 14,769 shares of the company’s stock after purchasing an additional 1,115 shares during the period. Trifecta Capital Advisors LLC’s holdings in L3Harris Technologies were worth $3,106,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of LHX. Blue Trust Inc. grew its holdings in L3Harris Technologies by 96.7% during the third quarter. Blue Trust Inc. now owns 653 shares of the company’s stock worth $147,000 after purchasing an additional 321 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of L3Harris Technologies by 23,627.0% during the third quarter. International Assets Investment Management LLC now owns 170,597 shares of the company’s stock worth $40,580,000 after acquiring an additional 169,878 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of L3Harris Technologies by 38.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,622 shares of the company’s stock worth $2,966,000 after acquiring an additional 3,521 shares during the period. Modera Wealth Management LLC boosted its holdings in shares of L3Harris Technologies by 2.9% during the third quarter. Modera Wealth Management LLC now owns 6,666 shares of the company’s stock worth $1,586,000 after acquiring an additional 190 shares during the period. Finally, State of Alaska Department of Revenue boosted its holdings in shares of L3Harris Technologies by 6.9% during the third quarter. State of Alaska Department of Revenue now owns 22,038 shares of the company’s stock worth $5,242,000 after acquiring an additional 1,415 shares during the period. Institutional investors own 84.76% of the company’s stock.

L3Harris Technologies Stock Up 0.4 %

Shares of LHX opened at $199.89 on Tuesday. L3Harris Technologies, Inc. has a one year low of $193.09 and a one year high of $265.74. The company has a market cap of $37.64 billion, a P/E ratio of 25.40, a P/E/G ratio of 2.42 and a beta of 0.76. 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 firm has a 50 day simple moving average of $209.82 and a two-hundred day simple moving average of $228.88.

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

Insider Buying and Selling at L3Harris Technologies

In other news, insider Ross Niebergall sold 1,764 shares of the 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 completion of the transaction, the insider now directly owns 6,812 shares in the company, valued at approximately $1,455,383.80. This represents a 20.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 4,901 shares of company stock worth $1,059,757 over the last three months. Corporate insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on LHX shares. Susquehanna reduced their price objective on L3Harris Technologies from $300.00 to $258.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Royal Bank of Canada restated a “sector perform” rating and set a $240.00 price objective on shares of L3Harris Technologies in a report on Friday, January 31st. Bank of America reduced their price objective on L3Harris Technologies from $300.00 to $265.00 and set a “buy” rating for the company in a report on Tuesday, February 4th. Citigroup reduced their price objective on L3Harris Technologies from $291.00 to $285.00 and set a “buy” rating for the company in a report on Monday, February 10th. Finally, Morgan Stanley dropped their price target on shares of L3Harris Technologies from $260.00 to $250.00 and set an “equal weight” 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. According to data from MarketBeat.com, L3Harris Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $262.67.

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.