L3Harris Technologies, Inc. (NYSE:LHX) Shares Bought by CENTRAL TRUST Co

CENTRAL TRUST Co lifted its holdings in shares of L3Harris Technologies, Inc. (NYSE:LHX) by 13.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,223 shares of the company’s stock after buying an additional 621 shares during the period. CENTRAL TRUST Co’s holdings in L3Harris Technologies were worth $1,098,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of LHX. Park Avenue Securities LLC increased its position in L3Harris Technologies by 3.3% during the 3rd quarter. Park Avenue Securities LLC now owns 5,526 shares of the company’s stock worth $1,314,000 after purchasing an additional 176 shares during the period. Czech National Bank raised its position in shares of L3Harris Technologies by 6.9% during the 3rd quarter. Czech National Bank now owns 38,644 shares of the company’s stock worth $9,192,000 after purchasing an additional 2,499 shares during the last quarter. GAMMA Investing LLC grew its stake in L3Harris Technologies by 51.0% in the 3rd quarter. GAMMA Investing LLC now owns 2,208 shares of the company’s stock worth $525,000 after acquiring an additional 746 shares during the period. Herbst Group LLC lifted its position in L3Harris Technologies by 2.6% during the third quarter. Herbst Group LLC now owns 10,185 shares of the company’s stock worth $2,423,000 after buying an additional 260 shares during the period. Finally, IAM Advisory LLC increased its position in L3Harris Technologies by 1.8% during the third quarter. IAM Advisory LLC now owns 8,297 shares of the company’s stock worth $1,974,000 after purchasing an additional 147 shares during the last quarter. 84.76% of the stock is currently owned by hedge funds and other institutional investors.

L3Harris Technologies Stock Up 0.5 %

Shares of L3Harris Technologies stock opened at $213.07 on Tuesday. L3Harris Technologies, Inc. has a 1 year low of $200.18 and a 1 year high of $265.74. The company has a market cap of $40.41 billion, a P/E ratio of 27.07, a P/E/G ratio of 1.74 and a beta of 0.75. The company has a current ratio of 1.08, a quick ratio of 0.90 and a debt-to-equity ratio of 0.57. The stock has a 50-day moving average price of $220.51 and a 200 day moving average price of $232.17.

L3Harris Technologies (NYSE:LHX) last released its quarterly earnings data on Thursday, January 30th. The company reported $3.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.43 by $0.04. L3Harris Technologies had a return on equity of 13.11% and a net margin of 7.04%. As a group, analysts expect that L3Harris Technologies, Inc. will post 13.8 EPS for the current fiscal year.

Insider Activity

In related 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 transaction of $376,878.60. Following 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 4,901 shares of company stock worth $1,059,757 in the last three months. 0.82% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of L3Harris Technologies from $250.00 to $229.00 and set a “hold” rating on the stock in a report on Thursday, January 2nd. Citigroup upped their price objective on L3Harris Technologies from $268.00 to $291.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Barclays cut their target price on shares of L3Harris Technologies from $290.00 to $255.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Truist Financial dropped their price objective on shares of L3Harris Technologies from $283.00 to $274.00 and set a “buy” rating on the stock in a report on Friday. Finally, Argus raised shares of L3Harris Technologies from a “hold” rating to a “buy” rating and set a $300.00 price objective for the company in a report on Tuesday, November 26th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, L3Harris Technologies has a consensus rating of “Moderate Buy” and an average target price of $265.87.

L3Harris Technologies Company Profile

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.