Iams Wealth Management LLC Grows Stock Holdings in L3Harris Technologies, Inc. (NYSE:LHX)

Iams Wealth Management LLC grew its holdings in L3Harris Technologies, Inc. (NYSE:LHX - Free Report) by 21.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,488 shares of the company's stock after purchasing an additional 2,019 shares during the quarter. L3Harris Technologies comprises about 1.1% of Iams Wealth Management LLC's investment portfolio, making the stock its 27th largest position. Iams Wealth Management LLC's holdings in L3Harris Technologies were worth $2,405,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in LHX. Empowered Funds LLC increased its holdings in L3Harris Technologies by 24.3% in the fourth quarter. Empowered Funds LLC now owns 19,735 shares of the company's stock valued at $4,150,000 after purchasing an additional 3,852 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of L3Harris Technologies by 1,015.9% in the fourth quarter. Van ECK Associates Corp now owns 13,224 shares of the company's stock worth $2,781,000 after acquiring an additional 12,039 shares in the last quarter. GDS Wealth Management increased its holdings in shares of L3Harris Technologies by 3.8% in the fourth quarter. GDS Wealth Management now owns 79,585 shares of the company's stock worth $16,735,000 after acquiring an additional 2,884 shares in the last quarter. Adell Harriman & Carpenter Inc. increased its holdings in shares of L3Harris Technologies by 131.7% in the fourth quarter. Adell Harriman & Carpenter Inc. now owns 7,755 shares of the company's stock worth $1,631,000 after acquiring an additional 4,408 shares in the last quarter. Finally, Yousif Capital Management LLC grew its holdings in shares of L3Harris Technologies by 11.8% during the fourth quarter. Yousif Capital Management LLC now owns 25,063 shares of the company's stock worth $5,270,000 after buying an additional 2,637 shares in the last quarter. Institutional investors and hedge funds own 84.76% of the company's stock.

Insider Activity

In other 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 value of $490,000.00. Following the transaction, the insider now directly owns 25,325 shares of the company's stock, valued at $6,204,625. The trade was a 7.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jon Rambeau sold 3,178 shares of the business's stock in a transaction dated 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 transaction, the insider now directly owns 2,797 shares in the company, 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. 0.72% of the stock is owned by company insiders.

L3Harris Technologies Price Performance

Shares of LHX traded up $2.25 during midday trading on Friday, hitting $244.31. The company's stock had a trading volume of 795,669 shares, compared to its average volume of 1,104,153. L3Harris Technologies, Inc. has a one year low of $193.09 and a one year high of $265.74. The company's fifty day simple moving average is $223.54 and its two-hundred day simple moving average is $218.32. The company has a quick ratio of 0.90, a current ratio of 1.08 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $45.67 billion, a price-to-earnings ratio of 31.04, a price-to-earnings-growth ratio of 2.42 and a beta of 0.72.

L3Harris Technologies (NYSE:LHX - Get Free Report) last issued its quarterly 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 company's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter last year, the company posted $3.06 EPS. As a group, equities analysts expect that L3Harris Technologies, Inc. will post 11.12 earnings per share for the current fiscal year.

L3Harris Technologies Announces Dividend

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 issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.96%. The ex-dividend date is Tuesday, June 3rd. L3Harris Technologies's payout ratio is presently 56.94%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Citigroup decreased their price objective on L3Harris Technologies from $285.00 to $245.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Jefferies Financial Group reduced their price target on L3Harris Technologies from $260.00 to $250.00 and set a "buy" rating for the company in a research report on Monday, March 31st. UBS Group raised their price objective on L3Harris Technologies from $222.00 to $226.00 and gave the company a "neutral" rating in a research report on Monday, April 28th. Truist Financial cut their price objective on L3Harris Technologies from $264.00 to $260.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, Wells Fargo & Company dropped their price target on L3Harris Technologies from $268.00 to $242.00 and set an "overweight" rating for the company in a report 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. According to MarketBeat.com, L3Harris Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $256.56.

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.