L3Harris Technologies (NYSE:LHX) Given a $300.00 Price Target by Susquehanna Analysts

L3Harris Technologies (NYSE:LHX - Get Free Report) received a $300.00 target price from equities researchers at Susquehanna in a report released on Monday, Marketbeat reports. The firm presently has a "positive" rating on the stock. Susquehanna's target price suggests a potential upside of 14.91% from the stock's current price.

LHX has been the topic of several other reports. Jefferies Financial Group dropped their price objective on shares of L3Harris Technologies from $260.00 to $250.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. The Goldman Sachs Group raised shares of L3Harris Technologies from a "sell" rating to a "buy" rating and raised their target price for the company from $198.00 to $263.00 in a report on Friday, April 11th. Wells Fargo & Company reduced their target price on shares of L3Harris Technologies from $268.00 to $242.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Wall Street Zen upgraded L3Harris Technologies from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Citigroup raised their target price on L3Harris Technologies from $245.00 to $280.00 and gave the company a "buy" rating in a research note on Monday, June 9th. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $262.56.

L3Harris Technologies Trading Up 0.6%

Shares of LHX traded up $1.53 on Monday, reaching $261.08. 371,904 shares of the company's stock were exchanged, compared to its average volume of 1,446,479. The company has a current ratio of 1.02, a quick ratio of 0.85 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $48.81 billion, a P/E ratio of 30.97, a price-to-earnings-growth ratio of 2.03 and a beta of 0.75. The business has a 50 day moving average price of $242.10 and a two-hundred day moving average price of $221.85. L3Harris Technologies has a 12 month low of $193.09 and a 12 month high of $265.74.

L3Harris Technologies (NYSE:LHX - Get Free Report) last issued 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 net margin of 7.55% and a return on equity of 12.38%. The firm had revenue of $5.13 billion during the quarter, compared to the consensus estimate of $5.29 billion. During the same quarter in the prior year, the firm earned $3.06 earnings per share. The business's quarterly revenue was down 1.5% on a year-over-year basis. Research analysts anticipate that L3Harris Technologies will post 11.12 earnings per share for the current year.

Insiders Place Their Bets

In other L3Harris Technologies 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 transaction of $490,000.00. Following the sale, the insider owned 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 legal filing with the SEC, which is available through this link. Also, CEO Christopher E. Kubasik sold 33,061 shares of the business's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $248.48, for a total transaction of $8,214,997.28. Following the sale, the chief executive officer directly owned 145,572 shares in the company, valued at $36,171,730.56. The trade was a 18.51% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.72% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Norway Savings Bank grew its position in L3Harris Technologies by 3.0% in the second quarter. Norway Savings Bank now owns 1,490 shares of the company's stock worth $374,000 after acquiring an additional 44 shares in the last quarter. Salem Investment Counselors Inc. grew its position in L3Harris Technologies by 3.7% in the second quarter. Salem Investment Counselors Inc. now owns 1,253 shares of the company's stock worth $314,000 after acquiring an additional 45 shares in the last quarter. Transce3nd LLC lifted its stake in L3Harris Technologies by 7.9% in the first quarter. Transce3nd LLC now owns 652 shares of the company's stock worth $137,000 after purchasing an additional 48 shares during the last quarter. Koshinski Asset Management Inc. lifted its stake in L3Harris Technologies by 3.1% in the first quarter. Koshinski Asset Management Inc. now owns 1,688 shares of the company's stock worth $353,000 after purchasing an additional 50 shares during the last quarter. Finally, Bard Financial Services Inc. lifted its stake in L3Harris Technologies by 1.0% in the second quarter. Bard Financial Services Inc. now owns 4,950 shares of the company's stock worth $1,242,000 after purchasing an additional 50 shares during the last quarter. 84.76% of the stock is currently owned by hedge funds and other institutional investors.

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.