Mattson Financial Services LLC Sells 1,606 Shares of L3Harris Technologies, Inc. (NYSE:LHX)

Mattson Financial Services LLC decreased its position in shares of L3Harris Technologies, Inc. (NYSE:LHX - Free Report) by 29.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,865 shares of the company's stock after selling 1,606 shares during the period. Mattson Financial Services LLC's holdings in L3Harris Technologies were worth $813,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in LHX. Measured Wealth Private Client Group LLC lifted its stake in L3Harris Technologies by 5.5% in the 4th quarter. Measured Wealth Private Client Group LLC now owns 953 shares of the company's stock valued at $200,000 after purchasing an additional 50 shares during the last quarter. Belpointe Asset Management LLC raised its stake in L3Harris Technologies by 0.7% during the fourth quarter. Belpointe Asset Management LLC now owns 7,017 shares of the company's stock worth $1,476,000 after buying an additional 52 shares during the last quarter. U.S. Capital Wealth Advisors LLC raised its stake in L3Harris Technologies by 2.2% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 2,447 shares of the company's stock worth $514,000 after buying an additional 53 shares during the last quarter. Klingman & Associates LLC raised its stake in L3Harris Technologies by 2.8% during the fourth quarter. Klingman & Associates LLC now owns 1,933 shares of the company's stock worth $406,000 after buying an additional 53 shares during the last quarter. Finally, Zullo Investment Group Inc. grew its holdings in L3Harris Technologies by 3.2% in the fourth quarter. Zullo Investment Group Inc. now owns 1,717 shares of the company's stock worth $361,000 after purchasing an additional 54 shares during the period. Institutional investors and hedge funds own 84.76% of the company's stock.

Insider Transactions at L3Harris Technologies

In related news, insider Edward J. Zoiss sold 2,000 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were 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 in the company, valued at approximately $6,204,625. The trade was a 7.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jon Rambeau sold 3,178 shares of the business's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $226.00, for a total transaction of $718,228.00. Following the completion of the sale, the insider now owns 2,797 shares in the company, valued at $632,122. This represents a 53.19% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,961 shares of company stock valued at $1,585,297. 0.72% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. UBS Group raised their price target on shares of L3Harris Technologies from $222.00 to $226.00 and gave the stock a "neutral" rating in a report on Monday, April 28th. Truist Financial reduced their price objective on shares of L3Harris Technologies from $264.00 to $260.00 and set a "buy" rating for the company in a report on Friday, April 25th. The Goldman Sachs Group upgraded shares of L3Harris Technologies from a "sell" rating to a "buy" rating and lifted their price objective for the company from $198.00 to $263.00 in a report on Friday, April 11th. Jefferies Financial Group reduced their price objective on shares of L3Harris Technologies from $260.00 to $250.00 and set a "buy" rating for the company in a report on Monday, March 31st. Finally, Bank of America reduced their price objective on shares of L3Harris Technologies from $300.00 to $265.00 and set a "buy" rating for the company in a report on Tuesday, February 4th. Five equities 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, the company presently has an average rating of "Moderate Buy" and an average price target of $256.56.

L3Harris Technologies Price Performance

Shares of LHX stock traded up $1.01 during mid-day trading on Friday, hitting $244.43. The company had a trading volume of 2,784,686 shares, compared to its average volume of 1,099,669. L3Harris Technologies, Inc. has a 52-week low of $193.09 and a 52-week high of $265.74. The stock's 50 day moving average price is $219.62 and its 200-day moving average price is $218.64. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 0.90. The company has a market capitalization of $45.70 billion, a P/E ratio of 31.06, a P/E/G ratio of 2.42 and a beta of 0.72.

L3Harris Technologies (NYSE:LHX - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $2.41 EPS for the quarter, topping the consensus estimate of $2.32 by $0.09. L3Harris Technologies had a net margin of 7.04% and a return on equity of 13.11%. The firm had revenue of $5.13 billion for the quarter, compared to the consensus estimate of $5.29 billion. During the same quarter in the previous year, the firm earned $3.06 earnings per share. The company's quarterly revenue was down 1.5% compared to the same quarter last year. Equities 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 will be paid on Wednesday, June 18th. Stockholders of record on Tuesday, June 3rd will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Tuesday, June 3rd. L3Harris Technologies's dividend payout ratio (DPR) is presently 56.94%.

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.