Heritage Investors Management Corp Has $6.58 Million Holdings in L3Harris Technologies, Inc. (NYSE:LHX)

Heritage Investors Management Corp grew its holdings in L3Harris Technologies, Inc. (NYSE:LHX) by 0.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 31,233 shares of the company’s stock after acquiring an additional 200 shares during the period. Heritage Investors Management Corp’s holdings in L3Harris Technologies were worth $6,578,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. KB Financial Partners LLC boosted its position in L3Harris Technologies by 96.5% during the third quarter. KB Financial Partners LLC now owns 167 shares of the company’s stock worth $29,000 after purchasing an additional 82 shares during the period. New England Capital Financial Advisors LLC acquired a new stake in shares of L3Harris Technologies during the 3rd quarter worth about $35,000. Blue Trust Inc. boosted its holdings in shares of L3Harris Technologies by 178.7% during the 4th quarter. Blue Trust Inc. now owns 170 shares of the company’s stock worth $36,000 after buying an additional 109 shares during the period. Washington Trust Advisors Inc. grew its stake in L3Harris Technologies by 80.6% in the 4th quarter. Washington Trust Advisors Inc. now owns 177 shares of the company’s stock valued at $37,000 after buying an additional 79 shares during the last quarter. Finally, Bruce G. Allen Investments LLC acquired a new position in L3Harris Technologies in the 4th quarter valued at about $46,000. 84.76% of the stock is currently owned by institutional investors.

L3Harris Technologies Trading Up 1.7 %

LHX stock traded up $3.74 during mid-day trading on Thursday, reaching $219.55. The company’s stock had a trading volume of 825,370 shares, compared to its average volume of 1,111,450. The company has a market cap of $41.64 billion, a price-to-earnings ratio of 35.63, a price-to-earnings-growth ratio of 1.88 and a beta of 0.63. L3Harris Technologies, Inc. has a 12 month low of $160.25 and a 12 month high of $219.88. The business’s 50 day moving average price is $210.38 and its 200 day moving average price is $203.50. The company has a current ratio of 0.98, a quick ratio of 0.80 and a debt-to-equity ratio of 0.59.

L3Harris Technologies (NYSE:LHX) last issued its earnings results on Thursday, April 25th. The company reported $3.06 EPS for the quarter, beating analysts’ consensus estimates of $2.89 by $0.17. The business had revenue of $5.21 billion during the quarter, compared to analyst estimates of $5.11 billion. L3Harris Technologies had a return on equity of 12.82% and a net margin of 5.82%. The firm’s revenue was up 16.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.86 EPS. On average, equities research analysts predict that L3Harris Technologies, Inc. will post 12.91 EPS for the current year.

L3Harris Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Tuesday, June 4th. L3Harris Technologies’s dividend payout ratio is currently 75.32%.

Insider Transactions at L3Harris Technologies

In related news, Director William H. Swanson purchased 1,250 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was acquired at an average cost of $215.35 per share, with a total value of $269,187.50. Following the transaction, the director now owns 1,543 shares of the company’s stock, valued at approximately $332,285.05. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other L3Harris Technologies news, Director William H. Swanson bought 1,250 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were purchased at an average price of $215.35 per share, for a total transaction of $269,187.50. Following the purchase, the director now directly owns 1,543 shares of the company’s stock, valued at $332,285.05. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Edward J. Zoiss sold 3,707 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $211.47, for a total value of $783,919.29. Following the sale, the insider now directly owns 28,644 shares of the company’s stock, valued at $6,057,346.68. The disclosure for this sale can be found here. Insiders sold a total of 48,362 shares of company stock valued at $10,261,360 over the last ninety days. 0.87% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on LHX shares. Raymond James upped their target price on L3Harris Technologies from $220.00 to $235.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. Royal Bank of Canada increased their price objective on L3Harris Technologies from $245.00 to $250.00 and gave the stock an “outperform” rating in a research report on Monday, April 29th. Alembic Global Advisors raised shares of L3Harris Technologies from a “neutral” rating to an “overweight” rating and set a $238.00 target price for the company in a research report on Monday, April 22nd. StockNews.com lowered shares of L3Harris Technologies from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. Finally, Citigroup increased their target price on shares of L3Harris Technologies from $238.00 to $245.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $231.80.

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.