Aptus Capital Advisors LLC Increases Holdings in L3Harris Technologies, Inc. (NYSE:LHX)

Aptus Capital Advisors LLC lifted its holdings in L3Harris Technologies, Inc. (NYSE:LHXFree Report) by 80.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,358 shares of the company’s stock after acquiring an additional 1,050 shares during the period. Aptus Capital Advisors LLC’s holdings in L3Harris Technologies were worth $411,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. State of Wyoming raised its position in L3Harris Technologies by 27.1% in the fourth quarter. State of Wyoming now owns 230 shares of the company’s stock valued at $48,000 after purchasing an additional 49 shares during the period. Apollon Wealth Management LLC grew its stake in shares of L3Harris Technologies by 0.9% in the fourth quarter. Apollon Wealth Management LLC now owns 5,925 shares of the company’s stock valued at $1,234,000 after buying an additional 52 shares in the last quarter. Twin Lakes Capital Management LLC raised its holdings in shares of L3Harris Technologies by 0.4% during the 2nd quarter. Twin Lakes Capital Management LLC now owns 14,635 shares of the company’s stock valued at $2,865,000 after buying an additional 54 shares during the period. Advisory Services Network LLC raised its stake in shares of L3Harris Technologies by 0.9% during the first quarter. Advisory Services Network LLC now owns 6,236 shares of the company’s stock valued at $1,224,000 after purchasing an additional 54 shares during the period. Finally, Harbour Investments Inc. lifted its position in shares of L3Harris Technologies by 12.3% during the first quarter. Harbour Investments Inc. now owns 510 shares of the company’s stock worth $100,000 after purchasing an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 81.33% of the company’s stock.

Insider Activity at L3Harris Technologies

In other L3Harris Technologies news, insider Edward J. Zoiss sold 4,742 shares of the business’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $190.00, for a total transaction of $900,980.00. Following the completion of the transaction, the insider now owns 27,183 shares in the company, valued at approximately $5,164,770. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.82% of the stock is owned by insiders.

L3Harris Technologies Stock Up 0.3 %

LHX stock opened at $209.84 on Friday. The stock has a market cap of $39.77 billion, a PE ratio of 32.58, a price-to-earnings-growth ratio of 2.46 and a beta of 0.66. The firm’s 50-day simple moving average is $206.42 and its 200 day simple moving average is $189.07. L3Harris Technologies, Inc. has a fifty-two week low of $160.25 and a fifty-two week high of $219.31. The company has a quick ratio of 0.82, a current ratio of 1.01 and a debt-to-equity ratio of 0.59.

L3Harris Technologies (NYSE:LHXGet Free Report) last announced its quarterly earnings results on Friday, January 26th. The company reported $3.35 EPS for the quarter, beating the consensus estimate of $3.31 by $0.04. The company had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.28 billion. L3Harris Technologies had a net margin of 6.32% and a return on equity of 12.68%. L3Harris Technologies’s revenue was up 16.6% compared to the same quarter last year. During the same quarter last year, the business earned $3.27 earnings per share. As a group, sell-side analysts predict that L3Harris Technologies, Inc. will post 12.74 EPS for the current year.

Analyst Ratings Changes

Several research firms recently commented on LHX. Robert W. Baird upgraded L3Harris Technologies from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $198.00 to $216.00 in a research note on Tuesday, October 31st. Royal Bank of Canada upped their price objective on L3Harris Technologies from $235.00 to $245.00 and gave the company an “outperform” rating in a research note on Monday, January 29th. 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. Truist Financial raised their price objective on L3Harris Technologies from $224.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, December 14th. Finally, TheStreet raised shares of L3Harris Technologies from a “c+” rating to a “b-” rating in a report on Thursday, December 21st. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $225.29.

Read Our Latest Analysis on LHX

L3Harris Technologies Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for L3Harris Technologies (NYSE:LHX)

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