L3Harris Technologies, Inc. (NYSE:LHX) Shares Acquired by Allen Mooney & Barnes Investment Advisors LLC

Allen Mooney & Barnes Investment Advisors LLC lifted its stake in shares of L3Harris Technologies, Inc. (NYSE:LHXFree Report) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 46,508 shares of the company’s stock after buying an additional 164 shares during the quarter. L3Harris Technologies makes up approximately 1.9% of Allen Mooney & Barnes Investment Advisors LLC’s portfolio, making the stock its 21st biggest position. Allen Mooney & Barnes Investment Advisors LLC’s holdings in L3Harris Technologies were worth $9,795,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in LHX. Acadian Asset Management LLC lifted its stake in L3Harris Technologies by 283.0% in the first quarter. Acadian Asset Management LLC now owns 1,103 shares of the company’s stock valued at $272,000 after buying an additional 815 shares during the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of L3Harris Technologies during the first quarter worth approximately $8,013,000. Sei Investments Co. raised its stake in shares of L3Harris Technologies by 14.2% during the first quarter. Sei Investments Co. now owns 62,374 shares of the company’s stock worth $15,643,000 after purchasing an additional 7,773 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of L3Harris Technologies by 18.9% during the first quarter. Sequoia Financial Advisors LLC now owns 3,372 shares of the company’s stock worth $838,000 after purchasing an additional 537 shares during the last quarter. Finally, Brighton Jones LLC raised its stake in shares of L3Harris Technologies by 16.7% during the first quarter. Brighton Jones LLC now owns 1,230 shares of the company’s stock worth $306,000 after purchasing an additional 176 shares during the last quarter. 84.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on LHX. Royal Bank of Canada increased 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. UBS Group increased their target price on L3Harris Technologies from $222.00 to $229.00 and gave the stock a “neutral” rating in a research report 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 on the stock in a research report on Thursday, January 11th. Wells Fargo & Company reduced their target price on L3Harris Technologies from $250.00 to $238.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 30th. Finally, StockNews.com downgraded L3Harris Technologies from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, L3Harris Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $229.00.

View Our Latest Stock Analysis on L3Harris Technologies

Insider Buying and Selling at L3Harris Technologies

In other news, Director William H. Swanson bought 1,250 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was bought at an average price of $215.35 per share, for a total transaction of $269,187.50. Following the transaction, the director now owns 1,543 shares in the company, valued at $332,285.05. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director William H. Swanson bought 1,250 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was bought at an average price of $215.35 per share, for a total transaction of $269,187.50. Following the transaction, the director now owns 1,543 shares in the company, valued at $332,285.05. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Scott T. Mikuen sold 1,292 shares of L3Harris Technologies stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $211.14, for a total value of $272,792.88. Following the completion of the transaction, the senior vice president now owns 58,617 shares of the company’s stock, valued at approximately $12,376,393.38. The disclosure for this sale can be found here. Insiders sold a total of 48,362 shares of company stock worth $10,261,360 in the last 90 days. 0.87% of the stock is owned by corporate insiders.

L3Harris Technologies Price Performance

Shares of NYSE LHX opened at $208.55 on Tuesday. L3Harris Technologies, Inc. has a fifty-two week low of $160.25 and a fifty-two week high of $218.34. The business has a 50 day moving average price of $211.23 and a two-hundred day moving average price of $196.91. The company has a quick ratio of 0.82, a current ratio of 1.01 and a debt-to-equity ratio of 0.59. The firm has a market cap of $39.65 billion, a PE ratio of 32.38, a price-to-earnings-growth ratio of 1.98 and a beta of 0.65.

L3Harris Technologies (NYSE:LHXGet Free Report) last issued its quarterly earnings data on Friday, January 26th. The company reported $3.35 earnings per share for the quarter, beating analysts’ consensus estimates of $3.31 by $0.04. L3Harris Technologies had a return on equity of 12.68% and a net margin of 6.32%. The firm had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.28 billion. During the same quarter last year, the firm earned $3.27 EPS. L3Harris Technologies’s quarterly revenue was up 16.6% on a year-over-year basis. Sell-side analysts expect that L3Harris Technologies, Inc. will post 12.73 earnings per share for the current fiscal year.

L3Harris Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were paid a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend was Thursday, March 7th. This is a positive change from L3Harris Technologies’s previous quarterly dividend of $1.14. L3Harris Technologies’s dividend payout ratio (DPR) is 72.05%.

L3Harris Technologies Company Profile

(Free Report)

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.

See Also

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

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