L3Harris Technologies, Inc. (NYSE:LHX) Shares Purchased by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC lifted its position in L3Harris Technologies, Inc. (NYSE:LHX) by 5.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,397 shares of the company’s stock after buying an additional 68 shares during the period. Dynamic Advisor Solutions LLC’s holdings in L3Harris Technologies were worth $294,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Public Sector Pension Investment Board lifted its stake in L3Harris Technologies by 72.6% during the second quarter. Public Sector Pension Investment Board now owns 7,208 shares of the company’s stock valued at $1,619,000 after buying an additional 3,032 shares in the last quarter. AXA S.A. acquired a new stake in L3Harris Technologies in the second quarter valued at approximately $292,000. Mackenzie Financial Corp boosted its holdings in L3Harris Technologies by 2.5% in the second quarter. Mackenzie Financial Corp now owns 17,342 shares of the company’s stock worth $3,895,000 after purchasing an additional 416 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of L3Harris Technologies by 5.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 44,323 shares of the company’s stock valued at $9,955,000 after acquiring an additional 2,406 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its stake in L3Harris Technologies by 15.3% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 8,157 shares of the company’s stock valued at $1,832,000 after buying an additional 1,083 shares during the last quarter. Institutional investors own 84.76% of the company’s stock.

Insider Buying and Selling at L3Harris Technologies

In related news, insider Ross Niebergall sold 1,373 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $210.06, for a total value of $288,412.38. Following the transaction, the insider now directly owns 5,049 shares in the company, valued at $1,060,592.94. This trade represents a 21.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders sold 7,889 shares of company stock valued at $1,800,572. Company insiders own 0.82% of the company’s stock.

Analyst Ratings Changes

LHX has been the subject of a number of research analyst reports. Argus raised shares of L3Harris Technologies from a “hold” rating to a “buy” rating and set a $300.00 price objective for the company in a research report on Tuesday, November 26th. Royal Bank of Canada raised their target price on L3Harris Technologies from $240.00 to $265.00 and gave the company a “sector perform” rating in a research note on Monday, October 28th. Wells Fargo & Company dropped their price objective on shares of L3Harris Technologies from $295.00 to $287.00 and set an “overweight” rating for the company in a research report on Wednesday, December 11th. Raymond James cut shares of L3Harris Technologies from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd. Finally, Barclays dropped their price objective on L3Harris Technologies from $290.00 to $255.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $266.19.

L3Harris Technologies Stock Performance

Shares of LHX opened at $213.36 on Wednesday. L3Harris Technologies, Inc. has a one year low of $200.18 and a one year high of $265.74. The company has a market cap of $40.47 billion, a PE ratio of 33.71, a P/E/G ratio of 1.75 and a beta of 0.75. The stock has a 50-day moving average of $223.18 and a 200-day moving average of $232.84. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.04 and a quick ratio of 0.87.

L3Harris Technologies Company 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.