Heck Capital Advisors LLC Purchases New Holdings in L3Harris Technologies, Inc. (NYSE:LHX)

Heck Capital Advisors LLC purchased a new position in L3Harris Technologies, Inc. (NYSE:LHX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 2,814 shares of the company's stock, valued at approximately $592,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of LHX. LaFleur & Godfrey LLC raised its holdings in shares of L3Harris Technologies by 58.3% during the fourth quarter. LaFleur & Godfrey LLC now owns 26,799 shares of the company's stock valued at $5,635,000 after acquiring an additional 9,873 shares during the period. Mutual Advisors LLC grew its position in L3Harris Technologies by 2.8% during the 4th quarter. Mutual Advisors LLC now owns 4,518 shares of the company's stock worth $987,000 after purchasing an additional 123 shares in the last quarter. Brighton Jones LLC raised its stake in L3Harris Technologies by 233.9% during the 4th quarter. Brighton Jones LLC now owns 4,284 shares of the company's stock valued at $901,000 after purchasing an additional 3,001 shares during the period. Dynamic Advisor Solutions LLC raised its stake in L3Harris Technologies by 5.1% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 1,397 shares of the company's stock valued at $294,000 after purchasing an additional 68 shares during the period. Finally, Cyndeo Wealth Partners LLC lifted its holdings in shares of L3Harris Technologies by 15.2% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 983 shares of the company's stock valued at $207,000 after purchasing an additional 130 shares in the last quarter. Institutional investors and hedge funds own 84.76% of the company's stock.

L3Harris Technologies Stock Up 0.4%

Shares of L3Harris Technologies stock traded up $1.01 during midday trading on Friday, reaching $244.43. 2,784,611 shares of the company's stock traded hands, compared to its average volume of 1,098,898. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.90 and a current ratio of 1.08. L3Harris Technologies, Inc. has a 52 week low of $193.09 and a 52 week high of $265.74. The company's 50 day simple moving average is $219.62 and its 200 day simple moving average is $218.64. The company has a market cap of $45.70 billion, a price-to-earnings ratio of 31.06, a price-to-earnings-growth ratio of 2.42 and a beta of 0.72.

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

L3Harris Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Tuesday, June 3rd will be paid a $1.20 dividend. The ex-dividend date is Tuesday, June 3rd. This represents a $4.80 dividend on an annualized basis and a yield of 1.96%. L3Harris Technologies's payout ratio is presently 56.94%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on LHX shares. Citigroup lowered their price target on L3Harris Technologies from $285.00 to $245.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Bank of America lowered their target price on L3Harris Technologies from $300.00 to $265.00 and set a "buy" rating on the stock in a research note on Tuesday, February 4th. JPMorgan Chase & Co. dropped their target price on L3Harris Technologies from $265.00 to $255.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Jefferies Financial Group reduced their price target on shares of L3Harris Technologies from $260.00 to $250.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Finally, Wells Fargo & Company decreased 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. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $256.56.

Insider Buying and Selling

In other L3Harris Technologies news, insider Edward J. Zoiss sold 1,783 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $211.48, for a total value of $377,068.84. Following the sale, the insider now owns 30,620 shares of the company's stock, valued at $6,475,517.60. This trade represents a 5.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jon Rambeau sold 3,178 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $226.00, for a total value of $718,228.00. Following the completion of the sale, the insider now directly owns 2,797 shares of the company's stock, valued at $632,122. This represents a 53.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,961 shares of company stock worth $1,585,297 in the last quarter. 0.72% of the stock is currently owned by company insiders.

L3Harris Technologies Company 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.