Ensign Peak Advisors Inc Has $5.26 Million Stock Holdings in L3Harris Technologies, Inc. (NYSE:LHX)

Ensign Peak Advisors Inc lowered its holdings in L3Harris Technologies, Inc. (NYSE:LHX - Free Report) by 34.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,991 shares of the company's stock after selling 13,305 shares during the period. Ensign Peak Advisors Inc's holdings in L3Harris Technologies were worth $5,255,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Czech National Bank lifted its holdings in L3Harris Technologies by 6.4% during the 4th quarter. Czech National Bank now owns 41,124 shares of the company's stock worth $8,648,000 after buying an additional 2,480 shares during the last quarter. BankPlus Wealth Management LLC bought a new position in L3Harris Technologies during the 4th quarter worth approximately $409,000. Empowered Funds LLC lifted its holdings in L3Harris Technologies by 24.3% during the 4th quarter. Empowered Funds LLC now owns 19,735 shares of the company's stock worth $4,150,000 after buying an additional 3,852 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in L3Harris Technologies by 51.9% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 14,320 shares of the company's stock worth $3,011,000 after buying an additional 4,890 shares during the last quarter. Finally, Private Capital Advisors Inc. lifted its holdings in L3Harris Technologies by 82.6% during the 4th quarter. Private Capital Advisors Inc. now owns 7,120 shares of the company's stock worth $1,497,000 after buying an additional 3,220 shares during the last quarter. Hedge funds and other institutional investors own 84.76% of the company's stock.

Analysts Set New Price Targets

LHX has been the topic of a number of research analyst reports. Bank of America reduced their target price on L3Harris Technologies from $300.00 to $265.00 and set a "buy" rating on the stock in a report on Tuesday, February 4th. Jefferies Financial Group reduced their target price on L3Harris Technologies from $260.00 to $250.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Truist Financial cut their price target on L3Harris Technologies from $264.00 to $260.00 and set a "buy" rating on the stock in a report on Friday, April 25th. The Goldman Sachs Group raised L3Harris Technologies from a "sell" rating to a "buy" rating and raised their price target for the stock from $198.00 to $263.00 in a report on Friday, April 11th. Finally, JPMorgan Chase & Co. cut their price target on L3Harris Technologies from $265.00 to $255.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $256.56.

L3Harris Technologies Stock Performance

LHX traded up $3.56 during trading hours on Friday, hitting $230.42. The company's stock had a trading volume of 1,576,954 shares, compared to its average volume of 1,038,852. L3Harris Technologies, Inc. has a fifty-two week low of $193.09 and a fifty-two week high of $265.74. 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 firm has a market capitalization of $43.08 billion, a PE ratio of 29.28, a PEG ratio of 2.42 and a beta of 0.72. The company has a 50-day simple moving average of $214.69 and a 200 day simple moving average of $219.53.

L3Harris Technologies (NYSE:LHX - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $2.41 EPS 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 firm had revenue of $5.13 billion for the quarter, compared to analysts' expectations of $5.29 billion. During the same period last year, the firm earned $3.06 EPS. The firm's revenue was down 1.5% compared to the same quarter last year. As a group, sell-side analysts expect that L3Harris Technologies, Inc. will post 11.12 EPS for the current year.

L3Harris Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders 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 dividend yield of 2.08%. The ex-dividend date of this dividend is Tuesday, June 3rd. L3Harris Technologies's dividend payout ratio (DPR) is presently 56.94%.

Insider Activity

In other news, insider Edward J. Zoiss sold 1,783 shares of L3Harris Technologies stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $211.48, for a total transaction of $377,068.84. Following the transaction, the insider now directly owns 30,620 shares in the company, valued at approximately $6,475,517.60. This trade represents a 5.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jon Rambeau sold 3,178 shares of L3Harris Technologies stock in a transaction 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 transaction, the insider now owns 2,797 shares in the company, valued at approximately $632,122. This trade 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 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.