LaFleur & Godfrey LLC Raises Stock Holdings in L3Harris Technologies, Inc. (NYSE:LHX)

LaFleur & Godfrey LLC raised its holdings in L3Harris Technologies, Inc. (NYSE:LHX - Free Report) by 58.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 26,799 shares of the company's stock after acquiring an additional 9,873 shares during the period. LaFleur & Godfrey LLC's holdings in L3Harris Technologies were worth $5,635,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Archer Investment Corp raised its stake in shares of L3Harris Technologies by 48.9% during the third quarter. Archer Investment Corp now owns 131 shares of the company's stock valued at $31,000 after purchasing an additional 43 shares during the period. Kennebec Savings Bank bought a new stake in shares of L3Harris Technologies during the third quarter valued at approximately $36,000. Trust Co. of Vermont lifted its stake in shares of L3Harris Technologies by 78.9% in the 4th quarter. Trust Co. of Vermont now owns 195 shares of the company's stock worth $41,000 after acquiring an additional 86 shares during the period. Ashton Thomas Securities LLC bought a new position in shares of L3Harris Technologies during the 3rd quarter valued at about $64,000. Finally, Armstrong Advisory Group Inc. increased its holdings in shares of L3Harris Technologies by 1,660.0% in the fourth quarter. Armstrong Advisory Group Inc. now owns 352 shares of the company's stock valued at $74,000 after buying an additional 332 shares in the last quarter. 84.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at L3Harris Technologies

In other news, insider Ross Niebergall sold 2,988 shares of L3Harris Technologies stock in a transaction on Monday, November 4th. The stock was sold at an average price of $247.93, for a total transaction of $740,814.84. Following the completion of the transaction, the insider now owns 10,340 shares of the company's stock, valued at $2,563,596.20. The trade was a 22.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders sold 7,889 shares of company stock valued at $1,800,572 over the last three months. 0.87% of the stock is owned by corporate insiders.

L3Harris Technologies Price Performance

Shares of NYSE:LHX traded down $0.26 during trading on Monday, reaching $218.22. 778,308 shares of the company's stock traded hands, compared to its average volume of 939,366. The firm has a market cap of $41.39 billion, a PE ratio of 34.47, a P/E/G ratio of 1.68 and a beta of 0.75. L3Harris Technologies, Inc. has a fifty-two week low of $200.18 and a fifty-two week high of $265.74. The company has a 50-day simple moving average of $227.28 and a 200-day simple moving average of $233.09. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 0.58.

L3Harris Technologies (NYSE:LHX - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The company reported $3.34 EPS for the quarter, beating the consensus estimate of $3.27 by $0.07. The business had revenue of $5.29 billion for the quarter, compared to analyst estimates of $5.28 billion. L3Harris Technologies had a return on equity of 13.11% and a net margin of 5.71%. The company's quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.19 EPS. As a group, analysts predict that L3Harris Technologies, Inc. will post 13.07 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on LHX shares. Raymond James lowered shares of L3Harris Technologies from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 2nd. Barclays dropped their price target 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. Wolfe Research upgraded L3Harris Technologies from a "peer perform" rating to an "outperform" rating and set a $300.00 price objective for the company in a research 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 stock from $240.00 to $300.00 in a research report on Thursday, October 31st. Finally, Citigroup increased their price target on L3Harris Technologies from $268.00 to $291.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, L3Harris Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $266.19.

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.