L3Harris (NYSE:LHX) Insider Edward J. Zoiss Sells 23,710 Shares of Stock

L3Harris (NYSE:LHX) insider Edward J. Zoiss sold 23,710 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $228.98, for a total value of $5,429,115.80. Following the sale, the insider now directly owns 26,568 shares in the company, valued at approximately $6,083,540.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of LHX stock opened at $227.01 on Friday. L3Harris has a 1-year low of $156.90 and a 1-year high of $230.99. The company has a current ratio of 1.49, a quick ratio of 1.21 and a debt-to-equity ratio of 0.31. The stock has a market cap of $50.51 billion, a price-to-earnings ratio of 28.77, a PEG ratio of 2.47 and a beta of 0.82. The stock has a 50-day moving average of $216.06 and a 200-day moving average of $207.55.

L3Harris (NYSE:LHX) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $2.85 EPS for the quarter, topping the Zacks’ consensus estimate of $2.78 by $0.07. L3Harris had a return on equity of 17.71% and a net margin of 10.37%. The company had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.82 billion. During the same period in the previous year, the firm earned $1.96 earnings per share. The firm’s quarterly revenue was up 190.0% on a year-over-year basis. Sell-side analysts forecast that L3Harris will post 11.61 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in the business. Squar Milner Financial Services LLC lifted its holdings in L3Harris by 500.0% in the third quarter. Squar Milner Financial Services LLC now owns 120 shares of the company’s stock valued at $25,000 after buying an additional 100 shares during the period. Aigen Investment Management LP bought a new stake in L3Harris during the fourth quarter valued at $25,000. Wealthcare Capital Management LLC bought a new stake in L3Harris during the third quarter valued at $26,000. Virtus ETF Advisers LLC acquired a new stake in L3Harris during the 4th quarter worth about $25,000. Finally, Corbenic Partners LLC acquired a new stake in L3Harris during the 4th quarter worth about $26,000. Hedge funds and other institutional investors own 82.74% of the company’s stock.

A number of equities research analysts recently weighed in on the company. Credit Suisse Group boosted their price objective on L3Harris from $235.00 to $252.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Barclays reiterated a “buy” rating and issued a $290.00 target price on shares of L3Harris in a research report on Thursday, January 23rd. Raymond James lifted their price target on L3Harris from $219.00 to $239.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Robert W. Baird lifted their price target on L3Harris from $245.00 to $260.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Finally, Cowen restated a “buy” rating and set a $240.00 price target on shares of L3Harris in a report on Wednesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $245.83.

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.

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