D.A. Davidson & CO. Has $1.70 Million Stock Holdings in L3Harris Technologies, Inc. (NYSE:LHX)

D.A. Davidson & CO. cut its position in shares of L3Harris Technologies, Inc. (NYSE:LHXFree Report) by 1.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,770 shares of the company’s stock after selling 177 shares during the quarter. D.A. Davidson & CO.’s holdings in L3Harris Technologies were worth $1,701,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Gabelli Funds LLC grew its holdings in L3Harris Technologies by 1.8% in the third quarter. Gabelli Funds LLC now owns 88,830 shares of the company’s stock worth $15,467,000 after purchasing an additional 1,575 shares during the period. Janney Montgomery Scott LLC grew its holdings in L3Harris Technologies by 96.7% in the third quarter. Janney Montgomery Scott LLC now owns 172,394 shares of the company’s stock worth $30,018,000 after purchasing an additional 84,759 shares during the period. Alpine Woods Capital Investors LLC grew its holdings in L3Harris Technologies by 3.3% in the third quarter. Alpine Woods Capital Investors LLC now owns 71,114 shares of the company’s stock worth $12,382,000 after purchasing an additional 2,296 shares during the period. Atria Wealth Solutions Inc. grew its holdings in L3Harris Technologies by 18.2% in the third quarter. Atria Wealth Solutions Inc. now owns 11,364 shares of the company’s stock worth $1,979,000 after purchasing an additional 1,748 shares during the period. Finally, Mattern Capital Management LLC grew its holdings in L3Harris Technologies by 9.5% in the third quarter. Mattern Capital Management LLC now owns 35,660 shares of the company’s stock worth $6,209,000 after purchasing an additional 3,093 shares during the period. 81.33% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other L3Harris Technologies news, insider Edward J. Zoiss sold 4,742 shares of L3Harris Technologies stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $190.00, for a total value of $900,980.00. Following the sale, the insider now owns 27,183 shares of the company’s stock, valued at $5,164,770. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.82% of the company’s stock.

L3Harris Technologies Stock Up 0.3 %

LHX opened at $209.84 on Friday. 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 company’s 50-day moving average is $206.42 and its 200 day 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 firm has a market capitalization of $39.77 billion, a P/E ratio of 32.58, a PEG ratio of 2.46 and a beta of 0.66.

L3Harris Technologies (NYSE:LHXGet Free Report) last announced its quarterly earnings data on Friday, January 26th. The company reported $3.35 EPS for the quarter, topping the consensus estimate of $3.31 by $0.04. The business 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%. The company’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.27 earnings per share. Research analysts expect that L3Harris Technologies, Inc. will post 12.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. StockNews.com cut shares of L3Harris Technologies from a “buy” rating to a “hold” rating in a report on Monday, January 29th. Wells Fargo & Company reduced their price objective on shares of L3Harris Technologies from $250.00 to $238.00 and set an “overweight” rating for the company in a report on Tuesday, January 30th. Raymond James lifted their price objective on shares of L3Harris Technologies from $220.00 to $235.00 and gave the company an “outperform” rating in a report on Monday, January 29th. JPMorgan Chase & Co. upgraded shares of L3Harris Technologies from a “neutral” rating to an “overweight” rating and set a $240.00 price objective for the company in a report on Thursday, January 11th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of L3Harris Technologies from a “hold” rating to a “buy” rating and lifted their price objective for the company from $184.00 to $240.00 in a report on Friday, December 15th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, L3Harris Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $225.29.

Get Our Latest Analysis on LHX

L3Harris Technologies Company 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

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

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