Barclays Increases L3Harris Technologies (NYSE:LHX) Price Target to $245.00

L3Harris Technologies (NYSE:LHX - Get Free Report) had its target price upped by equities researchers at Barclays from $238.00 to $245.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Barclays's price objective would indicate a potential upside of 14.45% from the stock's previous close.

Several other research firms have also recently weighed in on LHX. Raymond James increased their price objective on L3Harris Technologies from $220.00 to $235.00 and gave the company an "outperform" rating in a research report on Monday, January 29th. Citigroup boosted their price objective on shares of L3Harris Technologies from $238.00 to $245.00 and gave the stock a "buy" rating in a report on Tuesday, February 13th. Royal Bank of Canada increased their target price on shares of L3Harris Technologies from $245.00 to $250.00 and gave the company an "outperform" rating in a research note on Monday. StockNews.com lowered L3Harris Technologies from a "buy" rating to a "hold" rating in a research note on Monday, January 29th. Finally, UBS Group raised their price objective on L3Harris Technologies from $222.00 to $229.00 and gave the stock a "neutral" rating in a research report on Monday, January 29th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $230.88.

L3Harris Technologies Stock Down 1.4 %

NYSE:LHX traded down $2.99 during trading hours on Tuesday, reaching $214.07. The company's stock had a trading volume of 1,262,034 shares, compared to its average volume of 1,130,599. L3Harris Technologies has a one year low of $160.25 and a one year high of $218.34. The business's 50-day moving average is $210.30 and its 200-day moving average is $202.18. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.98 and a quick ratio of 0.80. The company has a market cap of $40.70 billion, a price-to-earnings ratio of 34.75, a price-to-earnings-growth ratio of 1.99 and a beta of 0.65.

L3Harris Technologies (NYSE:LHX - Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The company reported $3.06 EPS for the quarter, beating analysts' consensus estimates of $2.89 by $0.17. L3Harris Technologies had a return on equity of 12.82% and a net margin of 5.82%. The business had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.11 billion. During the same quarter in the prior year, the firm posted $2.86 EPS. The firm's revenue for the quarter was up 16.6% on a year-over-year basis. Equities research analysts predict that L3Harris Technologies will post 12.76 EPS for the current year.

Insider Transactions at L3Harris Technologies

In other L3Harris Technologies news, SVP Scott T. Mikuen sold 1,292 shares of L3Harris Technologies stock in a transaction on Friday, March 15th. The stock was sold at an average price of $211.14, for a total value of $272,792.88. Following the completion of the transaction, the senior vice president now owns 58,617 shares in the company, valued at approximately $12,376,393.38. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other L3Harris Technologies news, insider Edward J. Zoiss sold 3,707 shares of L3Harris Technologies stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $211.47, for a total transaction of $783,919.29. Following the completion of the sale, the insider now owns 28,644 shares of the company's stock, valued at approximately $6,057,346.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Scott T. Mikuen sold 1,292 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $211.14, for a total value of $272,792.88. Following the completion of the transaction, the senior vice president now directly owns 58,617 shares in the company, valued at approximately $12,376,393.38. The disclosure for this sale can be found here. Insiders have sold 48,362 shares of company stock valued at $10,261,360 in the last three months. 0.87% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On L3Harris Technologies

Several institutional investors have recently modified their holdings of LHX. Strong Tower Advisory Services grew its holdings in shares of L3Harris Technologies by 0.9% in the 4th quarter. Strong Tower Advisory Services now owns 5,363 shares of the company's stock valued at $1,130,000 after buying an additional 49 shares during the period. Oak Harbor Wealth Partners LLC lifted its stake in L3Harris Technologies by 1.7% in the first quarter. Oak Harbor Wealth Partners LLC now owns 2,985 shares of the company's stock valued at $636,000 after buying an additional 49 shares in the last quarter. Blossom Wealth Management increased its position in shares of L3Harris Technologies by 2.1% during the fourth quarter. Blossom Wealth Management now owns 2,465 shares of the company's stock worth $519,000 after acquiring an additional 51 shares in the last quarter. JFS Wealth Advisors LLC raised its holdings in shares of L3Harris Technologies by 12.2% during the fourth quarter. JFS Wealth Advisors LLC now owns 488 shares of the company's stock worth $103,000 after acquiring an additional 53 shares during the period. Finally, Parkside Financial Bank & Trust boosted its stake in L3Harris Technologies by 13.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 504 shares of the company's stock worth $106,000 after purchasing an additional 58 shares during the period. 84.76% of the stock is currently owned by institutional investors and hedge funds.

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.