Chevy Chase Trust Holdings LLC Sells 2,184 Shares of L3Harris Technologies, Inc. (NYSE:LHX)

Chevy Chase Trust Holdings LLC lessened its holdings in L3Harris Technologies, Inc. (NYSE:LHX - Free Report) by 2.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 100,488 shares of the company's stock after selling 2,184 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.05% of L3Harris Technologies worth $21,131,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Geode Capital Management LLC boosted its position in L3Harris Technologies by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 4,734,832 shares of the company's stock worth $1,122,630,000 after acquiring an additional 59,008 shares during the period. Allspring Global Investments Holdings LLC grew its position in L3Harris Technologies by 1.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,039,832 shares of the company's stock valued at $485,215,000 after purchasing an additional 27,763 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in L3Harris Technologies by 5.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,542,333 shares of the company's stock valued at $366,875,000 after buying an additional 85,882 shares during the period. Raymond James & Associates boosted its stake in shares of L3Harris Technologies by 3.0% during the 3rd quarter. Raymond James & Associates now owns 984,888 shares of the company's stock valued at $234,275,000 after buying an additional 28,882 shares during the period. Finally, Mizuho Markets Americas LLC raised its holdings in shares of L3Harris Technologies by 25.3% during the third quarter. Mizuho Markets Americas LLC now owns 822,736 shares of the company's stock worth $195,704,000 after acquiring an additional 166,262 shares in the last quarter. Hedge funds and other institutional investors own 84.76% of the company's stock.

L3Harris Technologies Stock Performance

L3Harris Technologies stock traded down $0.90 during trading hours on Wednesday, hitting $194.80. The stock had a trading volume of 1,509,081 shares, compared to its average volume of 1,342,474. L3Harris Technologies, Inc. has a fifty-two week low of $194.25 and a fifty-two week high of $265.74. The company has a market cap of $36.95 billion, a PE ratio of 24.75, a price-to-earnings-growth ratio of 2.43 and a beta of 0.76. The company has a 50-day moving average of $211.97 and a two-hundred day moving average of $229.72. The company has a quick ratio of 0.90, a current ratio of 1.08 and a debt-to-equity ratio of 0.57.

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%. On average, equities research analysts anticipate that L3Harris Technologies, Inc. will post 11.12 EPS for the current fiscal year.

Insider Activity

In other L3Harris Technologies news, insider Ross Niebergall sold 1,764 shares of the company's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $223.62, for a total transaction of $394,465.68. Following the sale, the insider now directly owns 8,576 shares of the company's stock, valued at approximately $1,917,765.12. This represents a 17.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders have sold 4,901 shares of company stock worth $1,059,757. Corporate insiders own 0.87% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on LHX shares. Susquehanna reduced their target price on shares of L3Harris Technologies from $300.00 to $258.00 and set a "positive" rating for the company in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of L3Harris Technologies from $250.00 to $229.00 and set a "hold" rating for the company in a research note on Thursday, January 2nd. Citigroup lowered their target price on shares of L3Harris Technologies from $291.00 to $285.00 and set a "buy" rating on the stock in a research report on Monday, February 10th. Bank of America reduced their price target on L3Harris Technologies from $300.00 to $265.00 and set a "buy" rating for the company in a research report on Tuesday, February 4th. Finally, Wells Fargo & Company decreased their price target on L3Harris Technologies from $295.00 to $287.00 and set an "overweight" rating for the company in a research note on Wednesday, December 11th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $262.67.

L3Harris Technologies Company 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.