Sciencast Management LP lifted its holdings in shares of L3Harris (NYSE:LHX) by 1.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,950 shares of the company’s stock after acquiring an additional 75 shares during the quarter. Sciencast Management LP’s holdings in L3Harris were worth $1,680,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in L3Harris during the 3rd quarter worth $9,344,000. Mackay Shields LLC purchased a new stake in L3Harris during the 3rd quarter worth $22,024,000. Squarepoint Ops LLC purchased a new stake in L3Harris during the 3rd quarter worth $12,474,000. Integrated Wealth Concepts LLC purchased a new stake in L3Harris during the 3rd quarter worth $490,000. Finally, Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in L3Harris during the 3rd quarter worth $192,838,000. 82.58% of the stock is currently owned by hedge funds and other institutional investors.

LHX opened at $214.53 on Thursday. The business has a 50-day moving average of $201.98. The company has a market cap of $47.04 billion, a P/E ratio of 25.88, a P/E/G ratio of 2.33 and a beta of 0.86. L3Harris has a 1-year low of $135.78 and a 1-year high of $217.31. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.49 and a quick ratio of 1.21.

L3Harris (NYSE:LHX) last released its earnings results on Wednesday, October 30th. The company reported $2.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.39 by $0.19. The company had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.43 billion. L3Harris had a net margin of 12.02% and a return on equity of 16.42%. The business’s revenue was up 187.4% compared to the same quarter last year. As a group, sell-side analysts expect that L3Harris will post 9.98 earnings per share for the current year.

In other news, SVP Scott T. Mikuen sold 15,000 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $210.51, for a total value of $3,157,650.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.70% of the stock is currently owned by insiders.

Several equities research analysts recently issued reports on the stock. Alembic Global Advisors assumed coverage on shares of L3Harris in a research note on Monday, November 18th. They set an “overweight” rating and a $235.00 price target on the stock. Zacks Investment Research raised shares of L3Harris from a “hold” rating to a “buy” rating and set a $219.00 price target on the stock in a research note on Friday, November 1st. Barclays reaffirmed a “buy” rating and set a $270.00 price target on shares of L3Harris in a research note on Wednesday, October 9th. ValuEngine raised shares of L3Harris from a “strong sell” rating to a “sell” rating in a research note on Friday, December 13th. Finally, Sanford C. Bernstein assumed coverage on shares of L3Harris in a research note on Tuesday, December 10th. They set an “outperform” rating and a $247.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $237.34.

L3Harris Profile

L3Harris Technologies, Inc provides technology-based solutions that solve government and commercial customers' mission-critical challenges in the United States and internationally. The company operates in three segments: Communication Systems, Electronic Systems, and Space and Intelligence Systems.

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Institutional Ownership by Quarter for L3Harris (NYSE:LHX)

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