L3Harris Technologies, Inc. (NYSE:LHX) Shares Acquired by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC boosted its holdings in L3Harris Technologies, Inc. (NYSE:LHX - Free Report) by 18.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,958 shares of the company's stock after purchasing an additional 5,413 shares during the quarter. Kestra Private Wealth Services LLC's holdings in L3Harris Technologies were worth $7,351,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. OneDigital Investment Advisors LLC boosted its position in shares of L3Harris Technologies by 0.5% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 7,915 shares of the company's stock valued at $1,883,000 after acquiring an additional 40 shares during the last quarter. Koshinski Asset Management Inc. lifted its position in L3Harris Technologies by 2.7% in the third quarter. Koshinski Asset Management Inc. now owns 1,620 shares of the company's stock worth $385,000 after buying an additional 42 shares during the last quarter. Blossom Wealth Management lifted its position in L3Harris Technologies by 1.7% in the third quarter. Blossom Wealth Management now owns 2,538 shares of the company's stock worth $604,000 after buying an additional 43 shares during the last quarter. Nicholas Hoffman & Company LLC. lifted its position in L3Harris Technologies by 3.3% in the third quarter. Nicholas Hoffman & Company LLC. now owns 1,353 shares of the company's stock worth $322,000 after buying an additional 43 shares during the last quarter. Finally, Archer Investment Corp lifted its position in L3Harris Technologies by 48.9% in the third quarter. Archer Investment Corp now owns 131 shares of the company's stock worth $31,000 after buying an additional 43 shares during the last quarter. 84.76% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Ross Niebergall sold 1,764 shares of the firm's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $223.62, for a total transaction of $394,465.68. Following the sale, the insider now owns 8,576 shares of the company's stock, valued at $1,917,765.12. This trade represents a 17.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders have sold 4,901 shares of company stock worth $1,059,757. Company insiders own 0.82% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on LHX shares. Truist Financial lowered their price target on L3Harris Technologies from $283.00 to $274.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft lowered their price target on L3Harris Technologies from $250.00 to $229.00 and set a "hold" rating for the company in a research report on Thursday, January 2nd. StockNews.com upgraded L3Harris Technologies from a "hold" rating to a "buy" rating in a research report on Monday, October 28th. Barclays lowered their price target on L3Harris Technologies from $290.00 to $255.00 and set an "overweight" rating for the company in a research report on Monday, January 6th. Finally, UBS Group raised their price target on L3Harris Technologies from $228.00 to $237.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, L3Harris Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $262.67.

L3Harris Technologies Stock Down 0.4 %

Shares of L3Harris Technologies stock traded down $0.82 during trading on Thursday, hitting $199.79. 2,142,276 shares of the stock traded hands, compared to its average volume of 1,316,843. The firm has a market cap of $37.89 billion, a P/E ratio of 25.39, a price-to-earnings-growth ratio of 1.75 and a beta of 0.76. The company has a current ratio of 1.08, a quick ratio of 0.90 and a debt-to-equity ratio of 0.57. L3Harris Technologies, Inc. has a 52-week low of $198.43 and a 52-week high of $265.74. The stock's fifty day simple moving average is $214.80 and its 200 day simple moving average is $230.55.

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

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.