Motco purchased a new position in shares of L3Harris (NYSE:LHX) in the 3rd quarter, Holdings Channel.com reports.The firm purchased 2,991 shares of the company’s stock, valued at approximately $624,000.
Several other also recently added to or reduced their stakes in the company.California Public Employees Retirement System purchased a new stake in shares of L3Harris during the third quarter worth approximately $371,059,000.Sumitomo Mitsui Trust Holdings Inc.purchased a new stake in shares of L3Harris during the third quarter worth approximately $192,838,000.Carillon Tower Advisers Inc.purchased a new stake in shares of L3Harris during the third quarter worth approximately $119,548,000.
Eagle Asset Management Inc.
purchased a new stake in shares of L3Harris during the third quarter worth approximately $110,352,000.Finally, State of Tennessee Treasury Department purchased a new stake in shares of L3Harris during the third quarter worth approximately $85,177,000.Institutional investors and hedge funds own 97.80% of the company’s stock.
Get L3Harris alerts: In other news, SVP Scott T.Mikuen sold 56,500 shares of the firm’s stock in a transaction on Thursday, September 5th.
The stock was sold at an average price of $213.80, for a total value of $12,079,700.00.Also, insider Todd W.Gautier sold 11,972 shares of the firm’s stock in a transaction on Monday, August 19th.The shares were sold at an average price of $212.90, for a total value of $2,548,838.80.
Following the completion of the transaction, the insider now owns 29,153 shares of the company’s stock, valued at approximately $6,206,673.70.The disclosure for this sale can be found here .Insiders sold 511,068 shares of company stock valued at $108,033,097 in the last quarter.1.70% of the stock is currently owned by company insiders.
Several research firms have recently commented on LHX.
Buckingham Research upped their price target on L3Harris from $197.00 to $237.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th.SunTrust Banks upped their price target on L3Harris to $245.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st.Jefferies Financial Group upped their price target on L3Harris from $235.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, September 16th.Barclays restated a “buy” rating and set a $270.00 price target on shares of L3Harris in a research note on Wednesday, October 9th.
Finally, Zacks Investment Research upgraded L3Harris from a “hold” rating to a “buy” rating and set a $219.00 price target for the company in a research note on Friday, November 1st.
One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the stock.L3Harris presently has an average rating of “Buy” and an average price target of $235.89.
NYSE:LHX traded up $2.26 during trading hours on Tuesday, hitting $197.42.The company’s stock had a trading volume of 905,249 shares, 1,562,210.The company has a 50-day moving average price of $204.28.The firm has a market capitalization of $43.33 billion, a P/E ratio of 23.81, a PEG ratio of 2.46 and a beta of 0.91.
The company has a debt-to-equity ratio of 0.31, a current ratio of 1.49 and a quick ratio of 1.21.L3Harris has a 52-week low of $123.24 and a 52-week high of $217.31.
L3Harris (NYSE:LHX) last released data on Wednesday, October 30th.
The company reported $2.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.39 by $0.19.The firm had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.43 billion.L3Harris had a return on equity of 16.42% and a net margin of 12.02%.
The company’s revenue was up 187.4% compared to the same quarter last year.
On average, research analysts anticipate that L3Harris will post 9.97 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th.Shareholders of record on Friday, November 22nd will be given a $0.75 dividend.This represents a $3.00 annualized dividend and a yield of 1.52%.The ex-dividend date of this dividend is Thursday, November 21st.
L3Harris’s payout ratio is 36.19%.
L3Harris Company Profile
L3Harris Technologies, Inc provides technology-based solutions that solve government and commercial customers’ mission-critical challenges in the United States and internationally.The company operates in three segments: Communication Systems, Electronic Systems, and Space and Intelligence Systems.
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LHX? L3Harris (NYSE:LHX)..
