L3Harris Technologies, Inc. (NYSE:LHX) SVP Scott T. Mikuen sold 8,573 shares of the company’s stock in a transaction on Tuesday, July 20th. The shares were sold at an average price of $225.08, for a total value of $1,929,610.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of NYSE:LHX opened at $227.10 on Thursday. The stock has a 50-day simple moving average of $219.87. The firm has a market cap of $46.55 billion, a price-to-earnings ratio of 18.81, a price-to-earnings-growth ratio of 1.93 and a beta of 0.88. The company has a current ratio of 1.78, a quick ratio of 1.57 and a debt-to-equity ratio of 0.34. L3Harris Technologies, Inc. has a 12-month low of $158.09 and a 12-month high of $228.19.
L3Harris Technologies (NYSE:LHX) last released its quarterly earnings data on Friday, April 30th. The company reported $3.18 EPS for the quarter, topping analysts’ consensus estimates of $2.92 by $0.26. The company had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.62 billion. L3Harris Technologies had a return on equity of 12.01% and a net margin of 7.55%. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period last year, the business posted $2.80 EPS. On average, equities analysts predict that L3Harris Technologies, Inc. will post 12.99 earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in LHX. Concord Wealth Partners raised its holdings in shares of L3Harris Technologies by 258.3% during the 1st quarter. Concord Wealth Partners now owns 129 shares of the company’s stock valued at $26,000 after buying an additional 93 shares during the period. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of L3Harris Technologies during the 1st quarter valued at about $26,000. Wealthcare Capital Management LLC purchased a new stake in shares of L3Harris Technologies during the 1st quarter valued at about $29,000. Meridian Wealth Partners LLC purchased a new stake in shares of L3Harris Technologies during the 1st quarter valued at about $29,000. Finally, Piscataqua Savings Bank purchased a new stake in shares of L3Harris Technologies during the 1st quarter valued at about $30,000. Institutional investors own 79.87% of the company’s stock.
LHX has been the topic of several research reports. Benchmark reissued a “hold” rating on shares of L3Harris Technologies in a report on Monday, May 3rd. TheStreet lowered L3Harris Technologies from a “b” rating to a “c” rating in a report on Friday, April 30th. Credit Suisse Group increased their price objective on L3Harris Technologies from $200.00 to $223.00 and gave the company an “outperform” rating in a research note on Tuesday, April 13th. Wells Fargo & Company assumed coverage on L3Harris Technologies in a research note on Tuesday, May 18th. They set an “equal weight” rating and a $225.00 price objective on the stock. Finally, Morgan Stanley reaffirmed a “buy” rating on shares of L3Harris Technologies in a research note on Friday, May 14th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $226.23.
About L3Harris Technologies
L3Harris Technologies, Inc, an aerospace and defense technology company, provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides multi-mission intelligence, surveillance, and reconnaissance (ISR) systems; and communication systems, as well as fleet management support, sensor development, modifications, and periodic depot maintenance services for ISR and airborne missions.
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