L3Harris (NYSE:LHX) Declares $0.75 Quarterly Dividend

L3Harris (NYSE:LHX) announced a quarterly dividend on Friday, October 25th, Zacks reports. Investors of record on Friday, November 22nd will be given a dividend of 0.75 per share on Friday, December 6th. This represents a $3.00 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Thursday, November 21st.

Shares of LHX stock traded up $0.41 on Tuesday, hitting $203.15. The stock had a trading volume of 23,152 shares, compared to its average volume of 1,594,299. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.49 and a quick ratio of 1.21. The firm has a market capitalization of $44.77 billion, a price-to-earnings ratio of 24.51, a P/E/G ratio of 2.53 and a beta of 0.91. L3Harris has a 1 year low of $123.24 and a 1 year high of $217.31. The firm has a 50 day moving average of $202.77.

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 Thomson Reuters’ consensus estimate of $2.39 by $0.19. L3Harris had a return on equity of 16.42% and a net margin of 12.02%. The firm had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.43 billion. The business’s quarterly revenue was up 187.4% compared to the same quarter last year. Equities analysts forecast that L3Harris will post 9.99 earnings per share for the current fiscal year.

LHX has been the topic of several recent research reports. UBS Group set a $225.00 price target on L3Harris and gave the stock a “hold” rating in a report on Friday, November 1st. SunTrust Banks raised their price objective on shares of L3Harris to $245.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Credit Suisse Group raised their price objective on shares of L3Harris from $220.00 to $236.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Cowen reissued a “buy” rating and set a $210.00 price target on shares of L3Harris in a research report on Wednesday, October 30th. Finally, Morgan Stanley began coverage on shares of L3Harris in a research report on Tuesday, August 6th. They set an “overweight” rating and a $259.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $235.82.

In related news, Director Thomas A. Dattilo acquired 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were acquired at an average cost of $209.19 per share, for a total transaction of $209,190.00. Following the completion of the acquisition, the director now directly owns 2,000 shares in the company, valued at approximately $418,380. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William M. Brown sold 106,552 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $207.82, for a total transaction of $22,143,636.64. Over the last 90 days, insiders have sold 499,096 shares of company stock worth $105,484,258. 1.70% of the stock is currently owned by company insiders.

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: Different Options Trading Strategies

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.