Thurston Springer Miller Herd & Titak Inc. Has $1.66 Million Holdings in L3Harris Technologies, Inc. (NYSE:LHX)

Thurston Springer Miller Herd & Titak Inc. lifted its stake in L3Harris Technologies, Inc. (NYSE:LHX - Free Report) by 54.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,875 shares of the company's stock after purchasing an additional 2,780 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in L3Harris Technologies were worth $1,656,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. OneDigital Investment Advisors LLC raised its holdings in shares of L3Harris Technologies by 0.5% during the third quarter. OneDigital Investment Advisors LLC now owns 7,915 shares of the company's stock worth $1,883,000 after acquiring an additional 40 shares during the period. Koshinski Asset Management Inc. increased its holdings in L3Harris Technologies by 2.7% during the 3rd quarter. Koshinski Asset Management Inc. now owns 1,620 shares of the company's stock worth $385,000 after purchasing an additional 42 shares in the last quarter. Blossom Wealth Management raised its stake in shares of L3Harris Technologies by 1.7% in the 3rd quarter. Blossom Wealth Management now owns 2,538 shares of the company's stock valued at $604,000 after purchasing an additional 43 shares during the period. Nicholas Hoffman & Company LLC. lifted its holdings in shares of L3Harris Technologies by 3.3% in the third quarter. Nicholas Hoffman & Company LLC. now owns 1,353 shares of the company's stock valued at $322,000 after purchasing an additional 43 shares in the last quarter. Finally, Archer Investment Corp boosted its position in shares of L3Harris Technologies by 48.9% during 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 period. Institutional investors own 84.76% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Bank of America raised L3Harris Technologies from a "neutral" rating to a "buy" rating and lifted their target price for the company from $240.00 to $300.00 in a research report on Thursday, October 31st. Wells Fargo & Company cut their price objective on shares of L3Harris Technologies from $295.00 to $287.00 and set an "overweight" rating on the stock in a research report on Wednesday, December 11th. Susquehanna decreased their target price on shares of L3Harris Technologies from $300.00 to $258.00 and set a "positive" rating for the company in a research report on Wednesday, January 8th. StockNews.com upgraded shares of L3Harris Technologies from a "hold" rating to a "buy" rating in a research note on Monday, October 28th. Finally, Argus upgraded shares of L3Harris Technologies from a "hold" rating to a "buy" rating and set a $300.00 price objective for the company in a research note on Tuesday, November 26th. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, L3Harris Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $265.25.

L3Harris Technologies Stock Performance

Shares of LHX traded down $0.86 during mid-day trading on Wednesday, reaching $214.03. The company's stock had a trading volume of 981,358 shares, compared to its average volume of 1,211,106. 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 stock has a market cap of $40.59 billion, a P/E ratio of 33.81, a PEG ratio of 1.86 and a beta of 0.75. L3Harris Technologies, Inc. has a 1-year low of $200.18 and a 1-year high of $265.74. The business has a 50-day simple moving average of $229.70 and a two-hundred day simple moving average of $233.23.

L3Harris Technologies (NYSE:LHX - Get Free Report) last released 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 analysts' expectations 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 for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business posted $3.19 earnings per share. As a group, equities research analysts anticipate that L3Harris Technologies, Inc. will post 13.09 earnings per share for the current fiscal year.

Insider Activity at L3Harris Technologies

In other L3Harris Technologies news, insider Ross Niebergall sold 2,988 shares of the firm's stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $247.93, for a total transaction of $740,814.84. Following the completion of the sale, the insider now directly owns 10,340 shares in the company, valued at $2,563,596.20. This trade represents a 22.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last 90 days, insiders have sold 7,889 shares of company stock worth $1,800,572. Insiders own 0.82% of the company's stock.

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.