Capital Investment Advisors LLC lessened its stake in shares of L3Harris Technologies, Inc. (NYSE: LHX – Get Rating) by 4.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,827 shares of the company’s stock after selling 179 shares during the quarter. Capital Investment Advisors LLC’s holdings in L3Harris Technologies were worth $ 951,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the stock. Griffin Asset Management Inc. increased its position in L3Harris Technologies by 2.6% during the 1st quarter. Griffin Asset Management Inc. now owns 5,023 shares of the company’s stock worth $ 1,248,000 after purchasing an additional 128 shares in the last quarter. Pure Financial Advisors LLC purchased a new stake in L3Harris Technologies during the 1st quarter worth about $ 280,000. Cooper Financial Group purchased a new stake in L3Harris Technologies during the 1st quarter worth about $ 234,000. Crestwood Advisors Group LLC increased its position in L3Harris Technologies by 44.5% during the 1st quarter. Crestwood Advisors Group LLC now owns 1,455 shares of the company’s stock worth $ 362,000 after purchasing an additional 448 shares in the last quarter. Finally, Carnegie Capital Asset Management LLC purchased a new stake in L3Harris Technologies in the 1st quarter valued at about $ 254,000. Hedge funds and other institutional investors own 80.15% of the company’s stock.
NYSE LHX opened at $ 233.55 on Friday. The stock has a fifty-day moving average of $ 238.23 and a 200-day moving average of $ 233.94. The stock has a market capitalization of $ 45.05 billion, a P / E ratio of 25.11, a price-to-earnings-growth ratio of 3.83 and a beta of 0.76. L3Harris Technologies, Inc. has a 52 week low of $ 200.71 and a 52 week high of $ 279.71. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.09 and a current ratio of 1.32.
L3Harris Technologies (NYSE: LHX – Get Rating) last announced its quarterly earnings data on Thursday, April 28th. The company reported $ 3.12 EPS for the quarter, topping analysts’ consensus estimates of $ 3.02 by $ 0.10. L3Harris Technologies had a return on equity of 13.18% and a net margin of 10.68%. The business had revenue of $ 4.10 billion during the quarter, compared to analysts’ expectations of $ 4.13 billion. During the same period in the previous year, the firm earned $ 3.18 earnings per share. The firm’s quarterly revenue was down 10.2% compared to the same quarter last year. Equities research analysts forecast that L3Harris Technologies, Inc. will post 13.6 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 17th. Investors of record on Friday, June 3rd were paid a dividend of $ 1.12 per share. The ex-dividend date of this dividend was Thursday, June 2nd. This represents a $ 4.48 dividend on an annualized basis and a dividend yield of 1.92%. L3Harris Technologies’s dividend payout ratio (DPR) is presently 48.17%.
LHX has been the subject of several recent analyst reports. Susquehanna Bancshares lowered their price target on L3Harris Technologies from $ 302.00 to $ 298.00 in a report on Monday, May 2nd. Jefferies Financial Group lowered their price target on L3Harris Technologies from $ 320.00 to $ 300.00 in a report on Monday, May 2nd. Wells Fargo & Company lifted their price target on L3Harris Technologies from $ 240.00 to $ 291.00 and gave the company an “overweight” rating in a report on Monday, March 7th. StockNews.com cut L3Harris Technologies from a “buy” rating to a “hold” rating in a report on Friday, April 29th. Finally, Susquehanna decreased their target price on L3Harris Technologies from $ 302.00 to $ 298.00 in a report on Monday, May 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $ 265.09.
L3Harris Technologies Company Profile (Get Rating)
L3Harris Technologies, Inc., an aerospace and defense technology company, provides mission-critical solutions for government and commercial customers worldwide. The company’s Integrated Mission Systems segment provides multi-mission intelligence, surveillance, and reconnaissance (ISR) systems; and communication systems, as well as fleet management support, sensor development, modification, and periodic depot maintenance services for ISR and airborne missions.
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