L3Harris Technologies, Inc. (NYSE:LHX) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp grew its holdings in L3Harris Technologies, Inc. (NYSE:LHX - Free Report) by 1,015.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,224 shares of the company's stock after acquiring an additional 12,039 shares during the period. Van ECK Associates Corp's holdings in L3Harris Technologies were worth $2,781,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Certuity LLC purchased a new stake in shares of L3Harris Technologies in the 4th quarter valued at $200,000. Peterson Wealth Services boosted its holdings in L3Harris Technologies by 9.8% during the fourth quarter. Peterson Wealth Services now owns 1,709 shares of the company's stock worth $359,000 after buying an additional 153 shares in the last quarter. Stonebridge Financial Group LLC purchased a new stake in L3Harris Technologies during the fourth quarter worth $3,587,000. Core Alternative Capital boosted its holdings in L3Harris Technologies by 4.2% during the fourth quarter. Core Alternative Capital now owns 18,561 shares of the company's stock worth $3,903,000 after buying an additional 750 shares in the last quarter. Finally, Kestra Private Wealth Services LLC boosted its holdings in L3Harris Technologies by 18.3% during the fourth quarter. Kestra Private Wealth Services LLC now owns 34,958 shares of the company's stock worth $7,351,000 after buying an additional 5,413 shares in the last quarter. 84.76% of the stock is owned by hedge funds and other institutional investors.

L3Harris Technologies Trading Up 1.0 %

LHX stock traded up $1.90 during mid-day trading on Friday, hitting $199.13. 1,656,475 shares of the company were exchanged, compared to its average volume of 1,357,222. The company has a quick ratio of 0.90, a current ratio of 1.08 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $37.50 billion, a P/E ratio of 25.30, a PEG ratio of 2.39 and a beta of 0.76. The business has a fifty day simple moving average of $210.74 and a 200-day simple moving average of $229.26. L3Harris Technologies, Inc. has a 12-month low of $193.09 and a 12-month high of $265.74.

L3Harris Technologies (NYSE:LHX - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The company reported $3.47 EPS for the quarter, beating the consensus estimate of $3.43 by $0.04. L3Harris Technologies had a net margin of 7.04% and a return on equity of 13.11%. On average, equities research analysts predict that L3Harris Technologies, Inc. will post 11.12 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Ross Niebergall sold 1,764 shares of the firm's stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $213.65, for a total value of $376,878.60. Following the completion of the transaction, the insider now owns 6,812 shares of the company's stock, valued at approximately $1,455,383.80. This trade represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders sold 4,901 shares of company stock valued at $1,059,757. 0.82% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on LHX shares. Bank of America lowered their price target on shares of L3Harris Technologies from $300.00 to $265.00 and set a "buy" rating on the stock in a report on Tuesday, February 4th. Truist Financial lowered their price target on shares of L3Harris Technologies from $283.00 to $274.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Sanford C. Bernstein raised shares of L3Harris Technologies from a "market perform" rating to an "outperform" rating and lowered their price target for the stock from $289.00 to $267.00 in a report on Wednesday, January 8th. StockNews.com raised shares of L3Harris Technologies from a "hold" rating to a "buy" rating in a report on Monday, October 28th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of L3Harris Technologies from $250.00 to $229.00 and set a "hold" rating for the company in a research report on Thursday, January 2nd. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, L3Harris Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $262.67.

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.