Somewhat Positive Media Coverage Somewhat Unlikely to Impact Harris (HRS) Share Price
News stories about Harris (NYSE:HRS) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Harris earned a news impact score of 0.13 on Accern’s scale. Accern also gave news articles about the communications equipment provider an impact score of 44.2798266537126 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- Harris Teeter, Tresata Present Charlotte’s Sixth hackathonCLT (prweb.com)
- How ‘toilet to tap’ water is made (mnn.com)
- Harris Corporation Selected for Command and Control Integration Program by Asian Nation (finance.yahoo.com)
- Q Link Wireless Promises To Fight For Its Customers To Keep Lifeline Access (prweb.com)
- Oakbrook Solutions Crowned ‘Best Family Office Management Consultancy’ for the Third Consecutive Year at the Family Wealth Report Awards 2018 (prweb.com)
Shares of HRS stock traded up $0.99 during trading hours on Wednesday, reaching $159.81. The company’s stock had a trading volume of 610,176 shares, compared to its average volume of 799,566. The company has a current ratio of 1.22, a quick ratio of 0.68 and a debt-to-equity ratio of 1.13. Harris has a 12-month low of $106.18 and a 12-month high of $161.04. The firm has a market cap of $18,572.90, a price-to-earnings ratio of 37.78, a price-to-earnings-growth ratio of 4.03 and a beta of 1.27.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Thursday, March 8th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Wednesday, March 7th. Harris’s dividend payout ratio is currently 53.90%.
HRS has been the topic of a number of research analyst reports. Zacks Investment Research lowered Harris from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Cowen reissued a “buy” rating and issued a $157.00 price target on shares of Harris in a research note on Monday, January 22nd. ValuEngine raised Harris from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Credit Suisse Group raised their price target on Harris from $167.00 to $187.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $154.57.
In other news, SVP Dana A. Mehnert sold 51,200 shares of Harris stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $153.19, for a total value of $7,843,328.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Sheldon J. Fox sold 8,682 shares of Harris stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $156.00, for a total value of $1,354,392.00. Following the completion of the transaction, the senior vice president now directly owns 53,724 shares in the company, valued at $8,380,944. The disclosure for this sale can be found here. Insiders sold a total of 79,882 shares of company stock worth $12,221,320 over the last ninety days. Corporate insiders own 1.91% of the company’s stock.
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Harris Corporation is a technology company that provides products, systems and services that have defense and civil government applications, as well as commercial applications. It offers its products and services to government and commercial customer. It operates in four segments: Communication Systems, which serves markets in tactical communications and defense, and public safety networks; Space and Intelligence Systems, which provides complete Earth observation, environmental, geospatial, space protection, and intelligence solutions from advanced sensors and payloads, as well as ground processing and information analytics; Electronic Systems, which offers a portfolio of solutions in electronic warfare, avionics, wireless and technology, among others, and Critical Networks, which provides managed services supporting air traffic management, energy and maritime communications, and ground network operation and sustainment, as well as information technology (IT) and engineering services.
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