BankPlus Wealth Management LLC Makes New $409,000 Investment in L3Harris Technologies, Inc. (NYSE:LHX)

BankPlus Wealth Management LLC acquired a new stake in L3Harris Technologies, Inc. (NYSE:LHX - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 1,944 shares of the company's stock, valued at approximately $409,000.

Several other large investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its holdings in L3Harris Technologies by 29.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 774,560 shares of the company's stock worth $184,245,000 after purchasing an additional 178,407 shares in the last quarter. International Assets Investment Management LLC raised its stake in L3Harris Technologies by 23,627.0% during the third quarter. International Assets Investment Management LLC now owns 170,597 shares of the company's stock worth $40,580,000 after buying an additional 169,878 shares during the last quarter. Mizuho Markets Americas LLC lifted its stake in shares of L3Harris Technologies by 25.3% in the 3rd quarter. Mizuho Markets Americas LLC now owns 822,736 shares of the company's stock valued at $195,704,000 after purchasing an additional 166,262 shares during the period. Janney Montgomery Scott LLC bought a new stake in shares of L3Harris Technologies in the 3rd quarter valued at $35,904,000. Finally, Rockefeller Capital Management L.P. raised its holdings in shares of L3Harris Technologies by 156.2% during the third quarter. Rockefeller Capital Management L.P. now owns 148,236 shares of the company's stock valued at $35,259,000 after purchasing an additional 90,370 shares during the period. 84.76% of the stock is currently owned by institutional investors and hedge funds.

L3Harris Technologies Stock Down 4.0 %

LHX stock traded down $8.94 during midday trading on Tuesday, hitting $213.36. The stock had a trading volume of 1,543,444 shares, compared to its average volume of 1,181,872. L3Harris Technologies, Inc. has a 52-week low of $200.18 and a 52-week high of $265.74. The firm has a market cap of $40.47 billion, a price-to-earnings ratio of 33.71, a price-to-earnings-growth ratio of 1.75 and a beta of 0.75. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.04 and a quick ratio of 0.87. The business has a 50-day moving average of $223.18 and a two-hundred day moving average of $232.84.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LHX. StockNews.com upgraded shares of L3Harris Technologies from a "hold" rating to a "buy" rating in a report on Monday, October 28th. Argus raised L3Harris Technologies from a "hold" rating to a "buy" rating and set a $300.00 price objective for the company in a report on Tuesday, November 26th. Raymond James lowered shares of L3Harris Technologies from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 2nd. Sanford C. Bernstein upgraded L3Harris Technologies from a "market perform" rating to an "outperform" rating and cut their target price for the stock from $289.00 to $267.00 in a research note on Wednesday, January 8th. Finally, Wolfe Research upgraded L3Harris Technologies from a "peer perform" rating to an "outperform" rating and set a $300.00 price objective on the stock in a research report on Thursday, October 10th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $266.19.

Insiders Place Their Bets

In other news, insider Ross Niebergall sold 1,373 shares of the company's stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $210.06, for a total transaction of $288,412.38. Following the completion of the sale, the insider now owns 5,049 shares of the company's stock, valued at $1,060,592.94. This represents a 21.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders have sold 7,889 shares of company stock valued at $1,800,572. 0.82% of the stock is currently owned by corporate insiders.

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.