Capital Investment Advisors LLC reduced its stake in L3Harris Technologies, Inc. (NYSE: LHX – Get Rating) by 4.5% in the first quarter, according to the company in its last submission of 13F to the Securities and Exchange Commission. The institutional investor owns 3,827 shares of the company’s shares after selling 179 shares in the quarter. Capital Investment Advisors LLC owned L3Harris Technologies at $ 951,000 at the time of its last filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold stock shares. Griffin Asset Management Inc. increased its position in L3Harris Technologies by 2.6% in the first quarter. Griffin Asset Management Inc. now owns 5,023 shares of the company’s stock worth $ 1,248,000 after buying an additional 128 shares in the last quarter. Pure Financial Advisors LLC bought a new stake in L3Harris Technologies in the first quarter worth about $ 280,000. Cooper Financial Group bought a new stake in L3Harris Technologies in the first quarter worth about $ 234,000. Crestwood Advisors Group LLC increased its position in L3Harris Technologies by 44.5% in the first quarter. Crestwood Advisors Group LLC already owns 1,455 shares of the company’s shares worth $ 362,000 after buying an additional 448 shares in the last quarter. Finally, Carnegie Capital Asset Management LLC bought a new stake in L3Harris Technologies in the first quarter worth about $ 254,000. Hedge funds and other institutional investors own 80.15% of the company’s shares.
The NYSE LHX opened at $ 233.55 on Friday. Shares have a 50-day moving average of $ 238.23 and a 200-day moving average of $ 233.94. The shares have a market capitalization of $ 45.05 billion, a P / E ratio of $ 25.11, a price-earnings-growth ratio of 3.83 and a beta ratio of 0.76. L3Harris Technologies, Inc. has a 52-week low of $ 200.71 and a 52-week high of $ 279.71. The company has a debt-to-equity ratio of 0.35, a fast ratio of 1.09 and a current ratio of 1.32.
L3Harris Technologies (NYSE: LHX – Get Rating) last announced its quarterly earnings data on Thursday, April 28th. The company reported EPS of $ 3.12 for the quarter, beating analysts’ consensus estimates of $ 3.02 by $ 0.10. L3Harris Technologies has a return on equity of 13.18% and a net profit of 10.68%. The business had revenue of $ 4.10 billion in the quarter, compared to analysts’ expectations of $ 4.13 billion. During the same period last year, the company earned $ 3.18 earnings per share. The company’s quarterly revenues decreased by 10.2% compared to the same quarter last year. Stock analysts predict that L3Harris Technologies, Inc. will report 13.6 earnings per share for the current fiscal year.
The business also recently unveiled a three-month dividend that was paid on Friday (June 17th). Record investors on Friday, June 3, received a dividend of $ 1.12 per share. The date of the former dividend of this dividend was Thursday, June 2. This represents a dividend of $ 4.48 on an annual basis and a dividend yield of 1.92%. The dividend payout ratio (DPR) of L3Harris Technologies is currently 48.17%.
LHX has been the subject of several recent analyst reports. Susquehanna Bancshares lowered her price target for L3Harris Technologies from $ 302.00 to $ 298.00 in a report on Monday, May 2. Jefferies Financial Group lowered its price target for L3Harris Technologies from $ 320.00 to $ 300.00 in a report on Monday, May 2. Wells Fargo & Company raised its price target for L3Harris Technologies from $ 240.00 to $ 291.00 and gave the company an overweight rating in a report on Monday, March 7. StockNews.com downgraded L3Harris Technologies from “buy” to “hold” rating in a report on Friday, April 29th. Finally, Susquehanna reduced its target price for L3Harris Technologies from $ 302.00 to $ 298.00 in a report on Monday, May 2. One investment analyst rated the shares with a rating for sale, three assigned a retention rating and seven issued a rating for the purchase of shares. According to MarketBeat.com, the shares currently have an average “Moderate Buy” rating and an average target price of $ 265.09.
Company Profile L3Harris Technologies (Get a rating)
L3Harris Technologies, Inc., an aerospace and defense technology company, provides critical solutions for government and commercial customers around the world. The company’s Integrated Mission Systems segment provides multi-mission reconnaissance, surveillance and reconnaissance (ISR) systems; and communication systems, as well as fleet management support, sensor development, modification, and periodic depot maintenance services for ISR and air missions.
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