L3Harris (NYSE:LHX) Director Thomas A. Dattilo acquired 1,000 shares of the stock in a transaction dated Tuesday, September 10th. The shares were bought at an average cost of $200.80 per share, with a total value of $200,800.00.
Shares of NYSE LHX traded up $1.93 during trading on Thursday, hitting $209.75. The stock had a trading volume of 680,704 shares, compared to its average volume of 1,172,084. L3Harris has a 12 month low of $123.24 and a 12 month high of $216.65. 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 has a market capitalization of $46.73 billion, a P/E ratio of 25.30, a PEG ratio of 2.80 and a beta of 0.94. The company’s fifty day moving average price is $208.73.
L3Harris (NYSE:LHX) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $2.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.30 by $0.14. The company had revenue of $1.87 billion during the quarter, compared to analyst estimates of $4.31 billion. L3Harris had a net margin of 13.95% and a return on equity of 29.39%. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.78 earnings per share. On average, research analysts predict that L3Harris will post 9.32 earnings per share for the current year.
A number of large investors have recently modified their holdings of LHX. Lindbrook Capital LLC purchased a new stake in shares of L3Harris in the second quarter worth about $25,000. Dougherty Wealth Advisers LLC purchased a new stake in shares of L3Harris in the second quarter worth about $31,000. Financial Gravity Wealth Inc. purchased a new stake in shares of L3Harris in the second quarter worth about $74,000. Parallel Advisors LLC purchased a new stake in shares of L3Harris in the second quarter worth about $100,000. Finally, Nicholas Hoffman & Company LLC. purchased a new stake in shares of L3Harris in the second quarter worth about $228,000. Hedge funds and other institutional investors own 97.80% of the company’s stock.
Several equities research analysts have recently issued reports on the stock. ValuEngine downgraded shares of L3Harris from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Buckingham Research increased their price objective on shares of L3Harris from $197.00 to $237.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. increased their price objective on shares of L3Harris from $210.00 to $235.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. SunTrust Banks increased their price objective on shares of L3Harris to $232.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Goldman Sachs Group assumed coverage on shares of L3Harris in a research report on Tuesday, July 9th. They set a “buy” rating and a $240.00 price objective for the company. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $235.47.
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.
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