Securian Asset Management Inc lowered its position in shares of L3Harris (NYSE:LHX) by 1.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,202 shares of the company’s stock after selling 284 shares during the quarter. Securian Asset Management Inc’s holdings in L3Harris were worth $3,999,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of LHX. Amalgamated Bank lifted its holdings in shares of L3Harris by 5.7% during the 4th quarter. Amalgamated Bank now owns 35,839 shares of the company’s stock worth $7,091,000 after acquiring an additional 1,938 shares during the period. Advisor Partners LLC raised its holdings in L3Harris by 21.6% in the fourth quarter. Advisor Partners LLC now owns 11,101 shares of the company’s stock valued at $2,366,000 after buying an additional 1,969 shares during the period. Wealthfront Advisers LLC raised its holdings in L3Harris by 15.6% in the fourth quarter. Wealthfront Advisers LLC now owns 8,556 shares of the company’s stock valued at $1,693,000 after buying an additional 1,153 shares during the period. Wright Investors Service Inc. raised its holdings in L3Harris by 75.6% in the fourth quarter. Wright Investors Service Inc. now owns 8,246 shares of the company’s stock valued at $1,632,000 after buying an additional 3,550 shares during the period. Finally, Janney Montgomery Scott LLC raised its holdings in L3Harris by 1.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 74,374 shares of the company’s stock valued at $14,717,000 after buying an additional 784 shares during the period. 84.91% of the stock is currently owned by institutional investors and hedge funds.

L3Harris stock opened at $176.78 on Friday. The company has a market cap of $37.29 billion, a PE ratio of 25.77 and a beta of 0.77. The company has a fifty day moving average price of $186.98 and a two-hundred day moving average price of $199.86. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.41 and a quick ratio of 1.21. L3Harris has a 12 month low of $142.01 and a 12 month high of $230.99.

L3Harris (NYSE:LHX) last released its quarterly earnings data on Tuesday, May 5th. The company reported $2.80 EPS for the quarter, topping analysts’ consensus estimates of $2.61 by $0.19. The firm had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.60 billion. L3Harris had a net margin of 8.30% and a return on equity of 13.20%. The firm’s revenue was up 167.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.32 earnings per share. Equities research analysts anticipate that L3Harris will post 11.36 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd will be paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date is Monday, June 1st. L3Harris’s payout ratio is 33.73%.

Several research firms recently commented on LHX. Morgan Stanley raised their price target on shares of L3Harris from $232.00 to $252.00 and gave the company an “overweight” rating in a report on Tuesday, April 14th. Bank of America began coverage on shares of L3Harris in a report on Thursday, April 16th. They issued a “buy” rating and a $250.00 price target on the stock. Raymond James raised their price target on shares of L3Harris from $219.00 to $239.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Cowen restated a “buy” rating and issued a $240.00 price target on shares of L3Harris in a report on Tuesday, May 5th. Finally, Robert W. Baird raised their price target on shares of L3Harris from $245.00 to $260.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Three research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $241.59.

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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