L3Harris Technologies, Inc. (NYSE:LHX) Shares Purchased by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC raised its holdings in L3Harris Technologies, Inc. (NYSE:LHX) by 4.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,755 shares of the company’s stock after buying an additional 74 shares during the period. SeaCrest Wealth Management LLC’s holdings in L3Harris Technologies were worth $369,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Accurate Wealth Management LLC raised its holdings in L3Harris Technologies by 3.8% during the fourth quarter. Accurate Wealth Management LLC now owns 4,175 shares of the company’s stock worth $870,000 after purchasing an additional 152 shares in the last quarter. Cullen Investment Group LTD. raised its stake in L3Harris Technologies by 1.7% during the 4th quarter. Cullen Investment Group LTD. now owns 7,932 shares of the company’s stock worth $1,668,000 after acquiring an additional 136 shares in the last quarter. Marcum Wealth LLC lifted its position in L3Harris Technologies by 7.4% in the fourth quarter. Marcum Wealth LLC now owns 1,361 shares of the company’s stock valued at $286,000 after acquiring an additional 94 shares during the last quarter. PFW Advisors LLC acquired a new position in L3Harris Technologies in the fourth quarter valued at $922,000. Finally, Bar Harbor Wealth Management grew its holdings in shares of L3Harris Technologies by 2.1% during the fourth quarter. Bar Harbor Wealth Management now owns 18,768 shares of the company’s stock worth $3,947,000 after purchasing an additional 379 shares during the last quarter. 84.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at L3Harris Technologies

In related news, insider Ross Niebergall sold 1,764 shares of L3Harris Technologies stock in a transaction on Monday, December 16th. The stock was sold at an average price of $223.62, for a total transaction of $394,465.68. Following the completion of the transaction, the insider now directly owns 8,576 shares of the company’s stock, valued at approximately $1,917,765.12. The trade was a 17.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have sold 7,889 shares of company stock valued at $1,800,572 in the last quarter. 0.82% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on LHX shares. Sanford C. Bernstein raised L3Harris Technologies from a “market perform” rating to an “outperform” rating and reduced their target price for the company from $289.00 to $267.00 in a report on Wednesday, January 8th. Wolfe Research raised L3Harris Technologies from a “peer perform” rating to an “outperform” rating and set a $300.00 price objective for the company in a report on Thursday, October 10th. StockNews.com upgraded shares of L3Harris Technologies from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. Wells Fargo & Company reduced their price target 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. Finally, Argus raised shares of L3Harris Technologies from a “hold” rating to a “buy” rating and set a $300.00 price objective on the stock in a research report on Tuesday, November 26th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $266.19.

L3Harris Technologies Trading Down 0.1 %

NYSE:LHX opened at $218.22 on Friday. The stock has a market capitalization of $41.39 billion, a price-to-earnings ratio of 34.47, a PEG ratio of 1.68 and a beta of 0.75. L3Harris Technologies, Inc. has a 1 year low of $200.18 and a 1 year high of $265.74. The stock has a fifty day moving average price of $228.12 and a two-hundred day moving average price of $232.99. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.87 and a current ratio of 1.04.

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

About L3Harris Technologies

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.