L3Harris Technologies Inc (NYSE:LHX) Shares Purchased by CWC Advisors LLC.

CWC Advisors LLC. boosted its stake in L3Harris Technologies Inc (NYSE:LHX - Free Report) by 58.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,112 shares of the company's stock after acquiring an additional 1,516 shares during the period. CWC Advisors LLC.'s holdings in L3Harris Technologies were worth $861,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. increased 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 acquiring an additional 82 shares during the period. Millstone Evans Group LLC acquired a new position in L3Harris Technologies during the 4th quarter worth approximately $26,000. Beacon Capital Management LLC increased its position in L3Harris Technologies by 79.5% during the 1st quarter. Beacon Capital Management LLC now owns 131 shares of the company's stock worth $27,000 after purchasing an additional 58 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of 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 buying an additional 111 shares in the last quarter. Finally, Park Square Financial Group LLC purchased a new position in shares of L3Harris Technologies during the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 84.76% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group raised L3Harris Technologies from a "sell" rating to a "buy" rating and increased their target price for the stock from $198.00 to $263.00 in a research note on Friday, April 11th. Citigroup increased their target price on L3Harris Technologies from $245.00 to $280.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. UBS Group increased their target price on L3Harris Technologies from $222.00 to $226.00 and gave the stock a "neutral" rating in a research note on Monday, April 28th. Truist Financial decreased their price target on L3Harris Technologies from $264.00 to $260.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Finally, Wells Fargo & Company decreased their price target on L3Harris Technologies from $268.00 to $242.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, L3Harris Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $258.75.

L3Harris Technologies Price Performance

LHX stock traded up $0.72 on Friday, reaching $247.52. The company had a trading volume of 2,158,843 shares, compared to its average volume of 1,145,556. L3Harris Technologies Inc has a 1 year low of $193.09 and a 1 year high of $265.74. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.85 and a current ratio of 1.02. The company's fifty day moving average is $234.39 and its 200 day moving average is $219.03. The company has a market cap of $46.27 billion, a P/E ratio of 19.82, a PEG ratio of 1.97 and a beta of 0.74.

L3Harris Technologies (NYSE:LHX - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $2.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.32 by $0.09. L3Harris Technologies had a return on equity of 12.38% and a net margin of 7.55%. The firm had revenue of $5.13 billion for the quarter, compared to analyst estimates of $5.29 billion. During the same quarter in the prior year, the company earned $3.06 EPS. L3Harris Technologies's revenue was down 1.5% on a year-over-year basis. On average, research analysts forecast that L3Harris Technologies Inc will post 11.12 earnings per share for the current year.

L3Harris Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Tuesday, June 3rd were paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend was Tuesday, June 3rd. L3Harris Technologies's payout ratio is currently 56.94%.

Insider Buying and Selling at L3Harris Technologies

In other L3Harris Technologies news, CEO Christopher E. Kubasik sold 33,061 shares of the business's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $248.48, for a total value of $8,214,997.28. Following the completion of the transaction, the chief executive officer now directly owns 145,572 shares in the company, valued at approximately $36,171,730.56. The trade was a 18.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Edward J. Zoiss sold 2,000 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $245.00, for a total value of $490,000.00. Following the sale, the insider now owns 25,325 shares of the company's stock, valued at approximately $6,204,625. The trade was a 7.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by insiders.

L3Harris Technologies Profile

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.