L3Harris (NYSE:LHX) CEO William M. Brown sold 106,552 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $207.82, for a total value of $22,143,636.64.
William M. Brown also recently made the following trade(s):
- On Wednesday, September 4th, William M. Brown sold 130,000 shares of L3Harris stock. The stock was sold at an average price of $211.07, for a total value of $27,439,100.00.
Shares of NYSE LHX traded up $1.93 during trading hours on Thursday, hitting $209.75. 680,704 shares of the company traded hands, compared to its average volume of 1,172,084. The company has a market capitalization of $46.73 billion, a PE ratio of 25.30, a price-to-earnings-growth ratio of 2.80 and a beta of 0.94. The company has a quick ratio of 0.98, a current ratio of 1.14 and a debt-to-equity ratio of 0.82. The firm’s 50 day moving average is $208.73. L3Harris has a 12 month low of $123.24 and a 12 month high of $216.65.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Tuesday, September 3rd. L3Harris’s dividend payout ratio (DPR) is presently 36.19%.
LHX has been the topic of several recent research reports. Barclays set a $265.00 price objective on L3Harris and gave the stock a “buy” rating in a report on Friday, August 2nd. Morgan Stanley assumed coverage on L3Harris in a research report on Tuesday, August 6th. They set an “overweight” rating and a $259.00 target price on the stock. ValuEngine downgraded L3Harris from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Goldman Sachs Group assumed coverage on L3Harris in a research report on Tuesday, July 9th. They set a “buy” rating and a $240.00 target price on the stock. Finally, UBS Group boosted their target price on L3Harris from $200.00 to $210.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $235.47.
A number of institutional investors have recently made changes to their positions in LHX. Marshall Wace North America L.P. bought a new position in L3Harris in the 2nd quarter valued at $70,474,000. Marshall Wace LLP bought a new position in L3Harris in the 2nd quarter valued at $33,411,000. Panagora Asset Management Inc. bought a new position in L3Harris in the 2nd quarter valued at $19,308,000. Public Employees Retirement System of Ohio bought a new position in L3Harris in the 2nd quarter valued at $13,188,000. Finally, Glen Harbor Capital Management LLC bought a new position in L3Harris in the 2nd quarter valued at $9,092,000. 97.80% of the stock is currently owned by institutional investors.
L3Harris Company Profile
L3Harris Technologies, Inc provides technology-based solutions that solve government and commercial customers' mission-critical challenges in the United States and internationally. The company operates in three segments: Communication Systems, Electronic Systems, and Space and Intelligence Systems.
Receive News & Ratings for L3Harris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for L3Harris and related companies with MarketBeat.com's FREE daily email newsletter.