1,270 Shares in L3Harris Technologies, Inc. (NYSE:LHX) Bought by Courier Capital LLC

Courier Capital LLC bought a new stake in shares of L3Harris Technologies, Inc. (NYSE:LHX - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,270 shares of the company's stock, valued at approximately $266,000.

A number of other hedge funds have also recently made changes to their positions in LHX. Meeder Asset Management Inc. boosted its position in L3Harris Technologies by 234.3% in the 4th quarter. Meeder Asset Management Inc. now owns 117 shares of the company's stock valued at $25,000 after buying an additional 82 shares during the period. Millstone Evans Group LLC bought a new stake in shares of L3Harris Technologies during the fourth quarter valued at approximately $26,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of L3Harris Technologies in the fourth quarter valued at approximately $27,000. Roxbury Financial LLC bought a new position in L3Harris Technologies in the fourth quarter worth approximately $30,000. Finally, Kayne Anderson Rudnick Investment Management LLC increased its holdings in L3Harris Technologies by 336.4% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 144 shares of the company's stock worth $30,000 after purchasing an additional 111 shares during the period. 84.76% of the stock is currently owned by institutional investors.

L3Harris Technologies Stock Up 1.4%

Shares of LHX stock traded up $3.55 during trading hours on Thursday, reaching $250.22. 1,335,459 shares of the company's stock were exchanged, compared to its average volume of 1,112,475. L3Harris Technologies, Inc. has a fifty-two week low of $193.09 and a fifty-two week high of $265.74. The stock's 50 day moving average is $226.81 and its 200-day moving average is $218.37. The company has a current ratio of 1.08, a quick ratio of 0.90 and a debt-to-equity ratio of 0.57. The company has a market cap of $46.78 billion, a price-to-earnings ratio of 31.79, a P/E/G ratio of 2.42 and a beta of 0.74.

L3Harris Technologies (NYSE:LHX - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.09. The company had revenue of $5.13 billion for the quarter, compared to analyst estimates of $5.29 billion. L3Harris Technologies had a return on equity of 13.11% and a net margin of 7.04%. The firm's quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the company posted $3.06 EPS. Analysts predict that L3Harris Technologies, Inc. will post 11.12 earnings per share for the current fiscal year.

L3Harris Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Tuesday, June 3rd will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.92%. The ex-dividend date is Tuesday, June 3rd. L3Harris Technologies's dividend payout ratio is presently 56.94%.

Insiders Place Their Bets

In other L3Harris Technologies news, insider Edward J. Zoiss sold 2,000 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $245.00, for a total transaction of $490,000.00. Following the sale, the insider now owns 25,325 shares in the company, valued at approximately $6,204,625. The trade was a 7.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.72% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Citigroup upped their target price on L3Harris Technologies from $245.00 to $280.00 and gave the stock a "buy" rating in a report on Monday. The Goldman Sachs Group raised shares of L3Harris Technologies from a "sell" rating to a "buy" rating and upped their price objective for the stock from $198.00 to $263.00 in a research note on Friday, April 11th. Truist Financial cut their target price on shares of L3Harris Technologies from $264.00 to $260.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Wells Fargo & Company reduced their price target on shares of L3Harris Technologies from $268.00 to $242.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, UBS Group increased their price objective on shares of L3Harris Technologies from $222.00 to $226.00 and gave the company a "neutral" rating in a research note on Monday, April 28th. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, L3Harris Technologies presently has an average rating of "Moderate Buy" and an average price target of $258.75.

About L3Harris Technologies

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.