HB Wealth Management LLC Has $1.51 Million Holdings in L3Harris Technologies, Inc. (NYSE:LHX)

HB Wealth Management LLC trimmed its stake in shares of L3Harris Technologies, Inc. (NYSE:LHX) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,180 shares of the company’s stock after selling 153 shares during the period. HB Wealth Management LLC’s holdings in L3Harris Technologies were worth $1,510,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Sara Bay Financial grew its stake in shares of L3Harris Technologies by 11.0% during the 4th quarter. Sara Bay Financial now owns 1,262 shares of the company’s stock worth $264,000 after acquiring an additional 125 shares in the last quarter. Trust Co. of Vermont grew its position in L3Harris Technologies by 78.9% in the fourth quarter. Trust Co. of Vermont now owns 195 shares of the company’s stock valued at $41,000 after purchasing an additional 86 shares in the last quarter. Premier Path Wealth Partners LLC increased its stake in L3Harris Technologies by 3.4% in the 4th quarter. Premier Path Wealth Partners LLC now owns 1,561 shares of the company’s stock valued at $328,000 after buying an additional 51 shares during the last quarter. Sanibel Captiva Trust Company Inc. lifted its position in L3Harris Technologies by 30.4% during the 4th quarter. Sanibel Captiva Trust Company Inc. now owns 1,782 shares of the company’s stock worth $375,000 after buying an additional 415 shares in the last quarter. Finally, Arkadios Wealth Advisors boosted its stake in shares of L3Harris Technologies by 9.6% during the 4th quarter. Arkadios Wealth Advisors now owns 1,452 shares of the company’s stock worth $305,000 after buying an additional 127 shares during the last quarter. 84.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on LHX shares. Sanford C. Bernstein upgraded L3Harris Technologies from a “market perform” rating to an “outperform” rating and dropped their target price for the stock from $289.00 to $267.00 in a report on Wednesday, January 8th. Truist Financial cut their price objective on L3Harris Technologies from $300.00 to $283.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Bank of America upgraded shares of L3Harris Technologies from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $240.00 to $300.00 in a report on Thursday, October 31st. Citigroup increased their price target on shares of L3Harris Technologies from $268.00 to $291.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, Royal Bank of Canada boosted their price objective on shares of L3Harris Technologies from $240.00 to $265.00 and gave the stock a “sector perform” rating in a research note on Monday, October 28th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, L3Harris Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $266.19.

Insider Transactions at L3Harris Technologies

In other L3Harris Technologies news, insider Ross Niebergall sold 1,373 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $210.06, for a total transaction of $288,412.38. Following the transaction, the insider now owns 5,049 shares in the company, valued at $1,060,592.94. This trade represents a 21.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders have sold 7,889 shares of company stock valued at $1,800,572. 0.87% of the stock is currently owned by company insiders.

L3Harris Technologies Stock Performance

Shares of NYSE LHX opened at $218.22 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.04 and a quick ratio of 0.87. The firm has a market cap of $41.39 billion, a price-to-earnings ratio of 34.47, a P/E/G ratio of 1.68 and a beta of 0.75. The stock’s fifty day moving average price is $227.28 and its two-hundred day moving average price is $233.09. L3Harris Technologies, Inc. has a one year low of $200.18 and a one year high of $265.74.

L3Harris Technologies (NYSE:LHX) last released its quarterly earnings results on Thursday, October 24th. The company reported $3.34 EPS for the quarter, topping analysts’ consensus estimates 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 last year, the firm earned $3.19 earnings per share. L3Harris Technologies’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, equities analysts forecast that L3Harris Technologies, Inc. will post 13.07 EPS for the current year.

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.