Leeward Investments LLC MA Has $8.12 Million Holdings in L3Harris Technologies, Inc. (NYSE:LHX)

Leeward Investments LLC MA cut its position in shares of L3Harris Technologies, Inc. (NYSE:LHX - Free Report) by 20.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,150 shares of the company's stock after selling 8,841 shares during the quarter. Leeward Investments LLC MA's holdings in L3Harris Technologies were worth $8,123,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Meeder Asset Management Inc. lifted its holdings in shares of L3Harris Technologies by 260.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 119 shares of the company's stock valued at $27,000 after acquiring an additional 86 shares in the last quarter. EntryPoint Capital LLC lifted its stake in shares of L3Harris Technologies by 70.4% during the first quarter. EntryPoint Capital LLC now owns 167 shares of the company's stock worth $36,000 after purchasing an additional 69 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of L3Harris Technologies by 77.7% in the second quarter. Versant Capital Management Inc now owns 183 shares of the company's stock worth $41,000 after buying an additional 80 shares during the period. Family Firm Inc. acquired a new stake in shares of L3Harris Technologies in the second quarter valued at about $45,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of L3Harris Technologies during the 2nd quarter valued at about $57,000. 84.76% of the stock is currently owned by hedge funds and other institutional investors.

L3Harris Technologies Stock Performance

Shares of NYSE LHX traded up $6.39 during mid-day trading on Friday, hitting $261.20. The company had a trading volume of 401,108 shares, compared to its average volume of 905,980. L3Harris Technologies, Inc. has a 12 month low of $179.56 and a 12 month high of $261.62. The stock has a market cap of $49.54 billion, a price-to-earnings ratio of 41.06, a PEG ratio of 2.06 and a beta of 0.72. 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 firm's 50 day simple moving average is $239.97 and its two-hundred day simple moving average is $229.89.

L3Harris Technologies (NYSE:LHX - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The company reported $3.34 EPS for the quarter, topping the consensus estimate of $3.27 by $0.07. The business had revenue of $5.29 billion during the quarter, compared to analyst estimates of $5.28 billion. L3Harris Technologies had a net margin of 5.71% and a return on equity of 13.11%. The company's quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.19 earnings per share. As a group, equities research analysts forecast that L3Harris Technologies, Inc. will post 13.09 earnings per share for the current year.

L3Harris Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 18th will be issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date is Monday, November 18th. L3Harris Technologies's dividend payout ratio (DPR) is 73.30%.

Insider Buying and Selling at L3Harris Technologies

In related news, insider Ross Niebergall sold 2,988 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $236.68, for a total value of $707,199.84. Following the completion of the transaction, the insider now owns 16,316 shares in the company, valued at $3,861,670.88. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have sold 8,964 shares of company stock valued at $2,179,119 in the last quarter. Corporate insiders own 0.87% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Susquehanna increased their price objective on shares of L3Harris Technologies from $260.00 to $270.00 and gave the company a "positive" rating in a research report on Monday, July 29th. Barclays raised their price target on shares of L3Harris Technologies from $245.00 to $265.00 and gave the company an "overweight" rating in a report on Tuesday, July 30th. Citigroup boosted their price objective on shares of L3Harris Technologies from $268.00 to $291.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. Bank of America upgraded L3Harris Technologies from a "neutral" rating to a "buy" rating and raised their target price for the company from $240.00 to $300.00 in a research note on Thursday, October 31st. Finally, StockNews.com raised L3Harris Technologies from a "hold" rating to a "buy" rating in a research report on Monday, October 28th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $267.50.

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.