Stephens Investment Management Group LLC Has $17.01 Million Holdings in L3Harris Technologies, Inc. (NYSE:LHX)

Stephens Investment Management Group LLC increased its position in L3Harris Technologies, Inc. (NYSE:LHX - Free Report) by 20.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 71,497 shares of the company's stock after acquiring an additional 11,948 shares during the period. Stephens Investment Management Group LLC's holdings in L3Harris Technologies were worth $17,007,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of LHX. Deroy & Devereaux Private Investment Counsel Inc. raised its stake in L3Harris Technologies by 1.2% during the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 81,499 shares of the company's stock valued at $19,386,000 after acquiring an additional 963 shares in the last quarter. Cordatus Wealth Management LLC raised its stake in shares of L3Harris Technologies by 1.9% during the third quarter. Cordatus Wealth Management LLC now owns 7,252 shares of the company's stock valued at $1,725,000 after purchasing an additional 133 shares in the last quarter. HM Payson & Co. raised its stake in shares of L3Harris Technologies by 4.1% during the third quarter. HM Payson & Co. now owns 454,471 shares of the company's stock valued at $108,105,000 after purchasing an additional 17,786 shares in the last quarter. Cornerstone Wealth Group LLC lifted its holdings in L3Harris Technologies by 3.0% in the third quarter. Cornerstone Wealth Group LLC now owns 14,066 shares of the company's stock worth $3,346,000 after purchasing an additional 408 shares during the period. Finally, Tandem Capital Management Corp ADV grew its position in L3Harris Technologies by 4.4% in the 3rd quarter. Tandem Capital Management Corp ADV now owns 8,067 shares of the company's stock valued at $1,919,000 after buying an additional 342 shares in the last quarter. 84.76% of the stock is currently owned by institutional investors.

L3Harris Technologies Trading Up 0.0 %

Shares of LHX traded up $0.01 during midday trading on Friday, hitting $247.48. The stock had a trading volume of 852,189 shares, compared to its average volume of 911,645. L3Harris Technologies, Inc. has a fifty-two week low of $179.00 and a fifty-two week high of $258.89. The business has a 50-day simple moving average of $238.70 and a two-hundred day simple moving average of $228.88. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 0.58. The firm has a market cap of $46.94 billion, a P/E ratio of 39.10, a price-to-earnings-growth ratio of 2.10 and a beta of 0.72.

L3Harris Technologies (NYSE:LHX - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The company reported $3.34 EPS for the quarter, topping analysts' consensus estimates of $3.27 by $0.07. The firm 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 revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the business posted $3.19 EPS. As a group, equities analysts forecast that L3Harris Technologies, Inc. will post 13.09 EPS 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 paid a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Monday, November 18th. L3Harris Technologies's dividend payout ratio is currently 73.30%.

Insiders Place Their Bets

In other news, insider Ross Niebergall sold 2,988 shares of the company's stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $244.68, for a total value of $731,103.84. Following the transaction, the insider now owns 13,328 shares in the company, valued at $3,261,095.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.82% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Susquehanna upped their price target on shares of L3Harris Technologies from $260.00 to $270.00 and gave the stock a "positive" rating in a research note on Monday, July 29th. Royal Bank of Canada increased their price target on L3Harris Technologies from $240.00 to $265.00 and gave the company a "sector perform" rating in a research note on Monday, October 28th. Truist Financial boosted their price objective on L3Harris Technologies from $293.00 to $300.00 and gave the stock a "buy" rating in a research note on Monday, October 28th. Morgan Stanley cut L3Harris Technologies from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $275.00 to $257.00 in a research note on Friday, August 9th. Finally, Wells Fargo & Company boosted their price target on shares of L3Harris Technologies from $260.00 to $295.00 and gave the stock an "overweight" rating in a research report on Monday, October 28th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, L3Harris Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $267.50.

L3Harris Technologies 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.