3,112 Shares in L3Harris (NYSE:LHX) Bought by Sigma Planning Corp

Sigma Planning Corp acquired a new position in shares of L3Harris (NYSE:LHX) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,112 shares of the company’s stock, valued at approximately $649,000.

Several other large investors also recently modified their holdings of the stock. Public Employees Retirement System of Ohio acquired a new stake in L3Harris in the 2nd quarter valued at $13,188,000. Stonebridge Capital Management Inc. acquired a new stake in L3Harris in the 3rd quarter valued at $907,000. Peddock Capital Advisors LLC acquired a new stake in L3Harris in the 3rd quarter valued at $455,000. Scott & Selber Inc. acquired a new stake in L3Harris in the 3rd quarter valued at $2,091,000. Finally, Wealthfront Advisers LLC acquired a new stake in L3Harris in the 3rd quarter valued at $1,545,000. Institutional investors and hedge funds own 97.80% of the company’s stock.

LHX has been the topic of several recent research reports. Barclays reiterated a “buy” rating and issued a $270.00 price target on shares of L3Harris in a research note on Wednesday, October 9th. Morgan Stanley assumed coverage on shares of L3Harris in a research note on Tuesday, August 6th. They set an “overweight” rating and a $259.00 price objective on the stock. JPMorgan Chase & Co. boosted their price objective on shares of L3Harris from $210.00 to $235.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Jefferies Financial Group boosted their price objective on shares of L3Harris from $235.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. Finally, Credit Suisse Group boosted their price objective on shares of L3Harris from $220.00 to $236.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $235.89.

NYSE LHX opened at $196.02 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.49 and a debt-to-equity ratio of 0.31. The company has a market cap of $42.67 billion, a P/E ratio of 23.65, a P/E/G ratio of 2.42 and a beta of 0.91. L3Harris has a 12-month low of $123.24 and a 12-month high of $217.31. The firm has a 50-day simple moving average of $204.91.

L3Harris (NYSE:LHX) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $2.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.39 by $0.19. The firm had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.43 billion. L3Harris had a net margin of 12.02% and a return on equity of 16.42%. The company’s quarterly revenue was up 187.4% compared to the same quarter last year. As a group, research analysts forecast that L3Harris will post 9.97 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Thursday, November 21st. L3Harris’s dividend payout ratio is currently 36.19%.

In other news, Director Thomas A. Dattilo bought 1,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was bought at an average cost of $200.80 per share, for a total transaction of $200,800.00. Also, CEO William M. Brown sold 130,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $211.07, for a total transaction of $27,439,100.00. The disclosure for this sale can be found here. Insiders sold a total of 511,068 shares of company stock valued at $108,033,097 in the last three months. Insiders own 1.70% of the company’s stock.

About L3Harris

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.

Featured Article: Accumulation/Distribution

Institutional Ownership by Quarter for L3Harris (NYSE:LHX)

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.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit