Yousif Capital Management LLC Buys 2,637 Shares of L3Harris Technologies, Inc. (NYSE:LHX)

Yousif Capital Management LLC increased its stake in L3Harris Technologies, Inc. (NYSE:LHX - Free Report) by 11.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,063 shares of the company's stock after purchasing an additional 2,637 shares during the quarter. Yousif Capital Management LLC's holdings in L3Harris Technologies were worth $5,270,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. OneDigital Investment Advisors LLC raised its position in L3Harris Technologies by 0.5% in 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. raised its position in L3Harris Technologies by 2.7% in the third quarter. Koshinski Asset Management Inc. now owns 1,620 shares of the company's stock worth $385,000 after acquiring an additional 42 shares during the period. Blossom Wealth Management raised its position in L3Harris Technologies by 1.7% in the third quarter. Blossom Wealth Management now owns 2,538 shares of the company's stock worth $604,000 after acquiring an additional 43 shares during the period. Nicholas Hoffman & Company LLC. raised its position in L3Harris Technologies by 3.3% in the third quarter. Nicholas Hoffman & Company LLC. now owns 1,353 shares of the company's stock worth $322,000 after acquiring an additional 43 shares during the period. Finally, Archer Investment Corp raised its position in L3Harris Technologies by 48.9% in the third quarter. Archer Investment Corp now owns 131 shares of the company's stock worth $31,000 after acquiring an additional 43 shares during the period. Hedge funds and other institutional investors own 84.76% of the company's stock.

Insiders Place Their Bets

In related news, insider Ross Niebergall sold 1,764 shares of L3Harris Technologies stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $213.65, for a total transaction of $376,878.60. Following the completion of the transaction, the insider now directly owns 6,812 shares of the company's stock, valued at approximately $1,455,383.80. The trade was a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 4,901 shares of company stock valued at $1,059,757 in the last three months. Corporate insiders own 0.82% of the company's stock.

L3Harris Technologies Price Performance

Shares of NYSE:LHX traded up $3.33 on Monday, reaching $209.46. The company's stock had a trading volume of 558,920 shares, compared to its average volume of 1,237,681. L3Harris Technologies, Inc. has a 52-week low of $200.18 and a 52-week high of $265.74. The company has a market cap of $39.73 billion, a P/E ratio of 26.62, a PEG ratio of 1.75 and a beta of 0.76. The company has a 50-day simple moving average of $216.96 and a 200 day simple moving average of $231.17. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.90 and a current ratio of 1.08.

L3Harris Technologies (NYSE:LHX - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The company reported $3.47 EPS for the quarter, topping analysts' consensus estimates of $3.43 by $0.04. L3Harris Technologies had a net margin of 7.04% and a return on equity of 13.11%. As a group, equities research analysts anticipate that L3Harris Technologies, Inc. will post 11.19 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LHX. StockNews.com upgraded shares of L3Harris Technologies from a "hold" rating to a "buy" rating in a research report on Monday, October 28th. UBS Group raised their price objective on shares of L3Harris Technologies from $228.00 to $237.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. Bank of America decreased their price objective on shares of L3Harris Technologies from $300.00 to $265.00 and set a "buy" rating on the stock in a research report on Tuesday, February 4th. Sanford C. Bernstein upgraded shares of L3Harris Technologies from a "market perform" rating to an "outperform" rating and decreased their price objective for the company from $289.00 to $267.00 in a research report on Wednesday, January 8th. Finally, Barclays decreased their price objective on shares of L3Harris Technologies from $290.00 to $255.00 and set an "overweight" rating on the stock in a research report on Monday, January 6th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $263.07.

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.