GHP Investment Advisors Inc. Has $6.49 Million Position in L3Harris Technologies, Inc. (NYSE:LHX)

GHP Investment Advisors Inc. grew its position in L3Harris Technologies, Inc. (NYSE:LHX - Free Report) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,864 shares of the company's stock after purchasing an additional 1,414 shares during the period. GHP Investment Advisors Inc.'s holdings in L3Harris Technologies were worth $6,490,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of LHX. Archer Investment Corp raised its holdings in L3Harris Technologies by 48.9% during the third quarter. Archer Investment Corp now owns 131 shares of the company's stock worth $31,000 after acquiring an additional 43 shares in the last quarter. Union Bancaire Privee UBP SA bought a new stake in L3Harris Technologies during the fourth quarter worth about $33,000. Kennebec Savings Bank bought a new stake in L3Harris Technologies during the third quarter worth about $36,000. New Millennium Group LLC raised its holdings in L3Harris Technologies by 776.2% during the fourth quarter. New Millennium Group LLC now owns 184 shares of the company's stock worth $39,000 after acquiring an additional 163 shares in the last quarter. Finally, Trust Co. of Vermont raised its holdings in L3Harris Technologies by 78.9% during the fourth quarter. Trust Co. of Vermont now owns 195 shares of the company's stock worth $41,000 after acquiring an additional 86 shares in the last quarter. 84.76% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Ross Niebergall sold 1,764 shares of L3Harris Technologies stock in a transaction on Monday, December 16th. The stock was sold at an average price of $223.62, for a total value of $394,465.68. Following the transaction, the insider now owns 8,576 shares in the company, valued at approximately $1,917,765.12. This trade represents a 17.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last quarter, insiders have sold 4,901 shares of company stock worth $1,059,757. Insiders own 0.82% of the company's stock.

L3Harris Technologies Price Performance

NYSE:LHX traded up $3.28 during trading hours on Monday, reaching $209.41. 605,628 shares of the company were exchanged, compared to its average volume of 1,239,782. The company has a market capitalization of $39.72 billion, a P/E ratio of 26.62, a P/E/G ratio of 1.75 and a beta of 0.76. L3Harris Technologies, Inc. has a 1-year low of $200.18 and a 1-year high of $265.74. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 0.90. The business has a 50 day moving average of $216.96 and a 200 day moving average of $231.17.

L3Harris Technologies (NYSE:LHX - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The company reported $3.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.43 by $0.04. L3Harris Technologies had a return on equity of 13.11% and a net margin of 7.04%. Research analysts forecast that L3Harris Technologies, Inc. will post 11.19 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Truist Financial dropped their target price on L3Harris Technologies from $283.00 to $274.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Morgan Stanley lowered their price target on L3Harris Technologies from $260.00 to $250.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 4th. JPMorgan Chase & Co. lowered their price target on L3Harris Technologies from $265.00 to $255.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. Susquehanna lowered their price target on L3Harris Technologies from $300.00 to $258.00 and set a "positive" rating on the stock in a research report on Wednesday, January 8th. Finally, Bank of America lowered their price target on L3Harris Technologies from $300.00 to $265.00 and set a "buy" rating on the stock in a research report on Tuesday, February 4th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, L3Harris Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $263.07.

About L3Harris Technologies

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.