Jackson Hole Capital Partners LLC Has $742,000 Stock Position in L3Harris Technologies, Inc. (NYSE:LHX)

Jackson Hole Capital Partners LLC lifted its stake in L3Harris Technologies, Inc. (NYSE:LHX) by 22.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,525 shares of the company’s stock after acquiring an additional 655 shares during the period. Jackson Hole Capital Partners LLC’s holdings in L3Harris Technologies were worth $742,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LHX. KB Financial Partners LLC lifted its holdings in shares of L3Harris Technologies by 96.5% during the third quarter. KB Financial Partners LLC now owns 167 shares of the company’s stock valued at $29,000 after acquiring an additional 82 shares during the period. Blue Trust Inc. lifted its holdings in shares of L3Harris Technologies by 178.7% during the fourth quarter. Blue Trust Inc. now owns 170 shares of the company’s stock valued at $36,000 after acquiring an additional 109 shares during the period. Washington Trust Advisors Inc. lifted its holdings in shares of L3Harris Technologies by 80.6% during the fourth quarter. Washington Trust Advisors Inc. now owns 177 shares of the company’s stock valued at $37,000 after acquiring an additional 79 shares during the period. New England Capital Financial Advisors LLC bought a new position in shares of L3Harris Technologies in the third quarter valued at about $35,000. Finally, Bruce G. Allen Investments LLC bought a new position in shares of L3Harris Technologies in the fourth quarter valued at about $46,000. 84.76% of the stock is owned by institutional investors.

Insider Buying and Selling at L3Harris Technologies

In other L3Harris Technologies news, Director William H. Swanson bought 1,250 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was acquired at an average price of $215.35 per share, with a total value of $269,187.50. Following the completion of the purchase, the director now directly owns 1,543 shares of the company’s stock, valued at approximately $332,285.05. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other L3Harris Technologies news, Director William H. Swanson bought 1,250 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was acquired at an average price of $215.35 per share, with a total value of $269,187.50. Following the completion of the purchase, the director now directly owns 1,543 shares of the company’s stock, valued at approximately $332,285.05. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Scott T. Mikuen sold 1,292 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $211.14, for a total value of $272,792.88. Following the completion of the sale, the senior vice president now directly owns 58,617 shares of the company’s stock, valued at approximately $12,376,393.38. The disclosure for this sale can be found here. Over the last three months, insiders sold 48,362 shares of company stock worth $10,261,360. 0.82% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Wells Fargo & Company lowered their price objective on L3Harris Technologies from $250.00 to $238.00 and set an “overweight” rating for the company in a research report on Tuesday, January 30th. Alembic Global Advisors upgraded L3Harris Technologies from a “neutral” rating to an “overweight” rating and set a $238.00 price objective for the company in a research report on Monday. JPMorgan Chase & Co. upgraded L3Harris Technologies from a “neutral” rating to an “overweight” rating and set a $240.00 target price for the company in a research report on Thursday, January 11th. Citigroup boosted their target price on L3Harris Technologies from $238.00 to $245.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Finally, Royal Bank of Canada boosted their target price on L3Harris Technologies from $235.00 to $245.00 and gave the stock an “outperform” rating in a research report on Monday, January 29th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $229.60.

L3Harris Technologies Stock Performance

NYSE LHX traded up $7.18 on Friday, reaching $214.54. The stock had a trading volume of 2,131,337 shares, compared to its average volume of 1,126,049. The company has a market cap of $40.79 billion, a P/E ratio of 33.02, a price-to-earnings-growth ratio of 1.93 and a beta of 0.65. L3Harris Technologies, Inc. has a 1-year low of $160.25 and a 1-year high of $218.34. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.01 and a quick ratio of 0.82. The firm has a fifty day moving average of $210.11 and a two-hundred day moving average of $201.04.

L3Harris Technologies (NYSE:LHX) last released its earnings results on Thursday, April 25th. The company reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.89 by $0.17. L3Harris Technologies had a return on equity of 12.68% and a net margin of 6.32%. The company had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.11 billion. During the same period in the prior year, the firm posted $2.86 EPS. L3Harris Technologies’s quarterly revenue was up 16.6% on a year-over-year basis. On average, equities research analysts anticipate that L3Harris Technologies, Inc. will post 12.73 EPS for the current year.

L3Harris Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be given a $1.16 dividend. The ex-dividend date is Friday, May 31st. This represents a $4.64 annualized dividend and a yield of 2.16%. L3Harris Technologies’s dividend payout ratio is presently 72.05%.

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.