L3Harris Technologies, Inc. (NYSE:LHX) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of L3Harris Technologies, Inc. (NYSE:LHX - Get Free Report) have received an average recommendation of "Moderate Buy" from the sixteen research firms that are covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $262.67.

A number of brokerages recently commented on LHX. Truist Financial lowered their target price on shares of L3Harris Technologies from $283.00 to $274.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Wells Fargo & Company lowered their price objective on L3Harris Technologies from $295.00 to $287.00 and set an "overweight" rating for the company in a research report on Wednesday, December 11th. Barclays cut their target price on L3Harris Technologies from $290.00 to $255.00 and set an "overweight" rating on the stock in a research report on Monday, January 6th. Susquehanna lowered their price target on L3Harris Technologies from $300.00 to $258.00 and set a "positive" rating for the company in a report on Wednesday, January 8th. Finally, UBS Group increased their price target on shares of L3Harris Technologies from $228.00 to $237.00 and gave the company a "neutral" rating in a research note on Friday, January 31st.

Insider Buying and Selling at L3Harris Technologies

In other L3Harris Technologies news, insider Ross Niebergall sold 1,764 shares of the company's stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $213.65, for a total transaction of $376,878.60. Following the completion of the transaction, the insider now owns 6,812 shares in the company, valued at approximately $1,455,383.80. This represents a 20.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 4,901 shares of company stock valued at $1,059,757 in the last ninety days. Insiders own 0.82% of the company's stock.

Institutional Trading of L3Harris Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in LHX. Waverly Advisors LLC lifted its position in L3Harris Technologies by 114.1% in the fourth quarter. Waverly Advisors LLC now owns 8,868 shares of the company's stock valued at $1,865,000 after purchasing an additional 4,726 shares during the period. iSAM Funds UK Ltd acquired a new position in L3Harris Technologies during the 4th quarter worth approximately $1,088,000. Victrix Investment Advisors purchased a new position in shares of L3Harris Technologies during the 4th quarter worth approximately $407,000. Vident Advisory LLC lifted its holdings in shares of L3Harris Technologies by 30.9% in the 4th quarter. Vident Advisory LLC now owns 109,263 shares of the company's stock valued at $22,976,000 after buying an additional 25,806 shares during the period. Finally, Westwood Holdings Group Inc. boosted its stake in shares of L3Harris Technologies by 8.9% in the fourth quarter. Westwood Holdings Group Inc. now owns 19,009 shares of the company's stock valued at $3,997,000 after buying an additional 1,552 shares in the last quarter. Hedge funds and other institutional investors own 84.76% of the company's stock.

L3Harris Technologies Stock Down 1.0 %

Shares of L3Harris Technologies stock traded down $1.98 during trading hours on Friday, reaching $198.02. 1,565,377 shares of the company were exchanged, compared to its average volume of 1,225,930. The firm has a market cap of $37.56 billion, a PE ratio of 25.16, a PEG ratio of 1.75 and a beta of 0.76. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.90 and a current ratio of 1.08. L3Harris Technologies has a 1 year low of $196.67 and a 1 year high of $265.74. The stock's fifty day moving average is $213.30 and its 200 day moving average is $230.19.

L3Harris Technologies (NYSE:LHX - Get Free Report) last released its earnings results on Thursday, January 30th. The company reported $3.47 earnings per share 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%. As a group, equities research analysts forecast that L3Harris Technologies will post 11.19 earnings per share for the current 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.