Crux Wealth Advisors Takes Position in L3Harris Technologies, Inc. (NYSE:LHX)

Crux Wealth Advisors purchased a new position in L3Harris Technologies, Inc. (NYSE:LHX - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,930 shares of the company's stock, valued at approximately $406,000.

Several other large investors have also recently made changes to their positions in the company. Fortis Capital Advisors LLC lifted its stake in L3Harris Technologies by 1.8% in the 4th quarter. Fortis Capital Advisors LLC now owns 4,502 shares of the company's stock worth $947,000 after purchasing an additional 78 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of L3Harris Technologies by 111.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 313,909 shares of the company's stock worth $66,009,000 after acquiring an additional 165,673 shares during the last quarter. Petros Family Wealth LLC purchased a new position in L3Harris Technologies during the fourth quarter worth about $763,000. Sterling Capital Management LLC increased its holdings in shares of L3Harris Technologies by 39.9% during the 4th quarter. Sterling Capital Management LLC now owns 14,130 shares of the company's stock worth $2,971,000 after buying an additional 4,028 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in L3Harris Technologies by 12.2% in the fourth quarter. Covestor Ltd now owns 994 shares of the company's stock valued at $209,000 after acquiring an additional 108 shares during the last quarter. 84.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Raymond James downgraded L3Harris Technologies from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 2nd. Morgan Stanley dropped their target price on shares of L3Harris Technologies from $260.00 to $250.00 and set an "equal weight" rating for the company in a report on Tuesday, February 4th. UBS Group lifted their price objective on L3Harris Technologies from $228.00 to $237.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. Citigroup lowered their target price on L3Harris Technologies from $285.00 to $245.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Finally, JPMorgan Chase & Co. reduced their price target on shares of L3Harris Technologies from $265.00 to $255.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $256.94.

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Insider Buying and Selling at L3Harris Technologies

In other L3Harris Technologies news, insider Edward J. Zoiss sold 1,783 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $211.48, for a total value of $377,068.84. Following the transaction, the insider now directly owns 30,620 shares in the company, valued at approximately $6,475,517.60. This represents a 5.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jon Rambeau sold 3,178 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $226.00, for a total transaction of $718,228.00. Following the sale, the insider now owns 2,797 shares in the company, valued at approximately $632,122. This trade represents a 53.19 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is owned by insiders.

L3Harris Technologies Stock Performance

Shares of LHX stock traded down $1.81 during trading hours on Tuesday, reaching $220.88. 1,261,899 shares of the company's stock were exchanged, compared to its average volume of 998,208. The company's 50 day moving average is $207.89 and its two-hundred day moving average is $223.55. L3Harris Technologies, Inc. has a 1 year low of $193.09 and a 1 year high of $265.74. The company has a market cap of $41.46 billion, a P/E ratio of 28.07, a price-to-earnings-growth ratio of 2.42 and a beta of 0.71. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 0.90.

L3Harris Technologies (NYSE:LHX - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The company reported $3.47 EPS for the quarter, topping analysts' consensus estimates of $3.43 by $0.04. L3Harris Technologies had a net margin of 7.04% and a return on equity of 13.11%. Equities research analysts anticipate that L3Harris Technologies, Inc. will post 11.12 EPS for the current fiscal year.

L3Harris Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were given a dividend of $1.20 per share. This is an increase from L3Harris Technologies's previous quarterly dividend of $1.16. This represents a $4.80 annualized dividend and a dividend yield of 2.17%. The ex-dividend date was Monday, March 10th. L3Harris Technologies's payout ratio is currently 60.99%.

L3Harris Technologies 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.