Tucker Asset Management LLC Purchases 170 Shares of L3Harris Technologies, Inc. (NYSE:LHX)

Tucker Asset Management LLC lifted its position in shares of L3Harris Technologies, Inc. (NYSE:LHXFree Report) by 14.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,378 shares of the company’s stock after buying an additional 170 shares during the quarter. Tucker Asset Management LLC’s holdings in L3Harris Technologies were worth $290,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in LHX. Transcendent Capital Group LLC acquired a new stake in shares of L3Harris Technologies during the fourth quarter worth $28,000. KB Financial Partners LLC raised its stake in L3Harris Technologies by 96.5% in the 3rd quarter. KB Financial Partners LLC now owns 167 shares of the company’s stock worth $29,000 after purchasing an additional 82 shares in the last quarter. Blue Trust Inc. boosted its holdings in L3Harris Technologies by 178.7% in the 4th quarter. Blue Trust Inc. now owns 170 shares of the company’s stock valued at $36,000 after purchasing an additional 109 shares during the period. Washington Trust Advisors Inc. grew its position in shares of L3Harris Technologies by 80.6% during the 4th quarter. Washington Trust Advisors Inc. now owns 177 shares of the company’s stock worth $37,000 after purchasing an additional 79 shares in the last quarter. Finally, Bruce G. Allen Investments LLC bought a new position in shares of L3Harris Technologies during the fourth quarter worth approximately $46,000. 84.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Scott T. Mikuen sold 3,363 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $212.86, for a total value of $715,848.18. Following the sale, the senior vice president now owns 55,254 shares in the company, valued at approximately $11,761,366.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP Scott T. Mikuen sold 3,363 shares of L3Harris Technologies stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $212.86, for a total transaction of $715,848.18. Following the transaction, the senior vice president now owns 55,254 shares of the company’s stock, valued at $11,761,366.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Christopher E. Kubasik sold 40,000 shares of the stock in a transaction on Monday, March 25th. The shares were sold at an average price of $212.22, for a total value of $8,488,800.00. Following the completion of the sale, the chief executive officer now directly owns 116,175 shares of the company’s stock, valued at $24,654,658.50. The disclosure for this sale can be found here. Insiders sold a total of 119,553 shares of company stock worth $26,304,731 in the last three months. Company insiders own 0.82% of the company’s stock.

Analyst Ratings Changes

LHX has been the subject of several recent research reports. Wells Fargo & Company boosted their price target on L3Harris Technologies from $238.00 to $245.00 and gave the company an “overweight” rating in a research note on Tuesday, May 7th. JPMorgan Chase & Co. lifted their price objective on shares of L3Harris Technologies from $240.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Alembic Global Advisors raised L3Harris Technologies from a “neutral” rating to an “overweight” rating and set a $238.00 target price on the stock in a report on Monday, April 22nd. Barclays upped their price objective on L3Harris Technologies from $238.00 to $245.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 30th. Finally, Royal Bank of Canada raised their price target on shares of L3Harris Technologies from $245.00 to $250.00 and gave the company an “outperform” rating in a research note on Monday, April 29th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $231.80.

Get Our Latest Research Report on LHX

L3Harris Technologies Trading Down 0.8 %

Shares of NYSE LHX traded down $1.73 during midday trading on Friday, reaching $217.47. The stock had a trading volume of 434,586 shares, compared to its average volume of 691,097. The company’s 50 day moving average price is $215.71 and its 200 day moving average price is $210.90. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.80 and a current ratio of 0.98. L3Harris Technologies, Inc. has a twelve month low of $160.25 and a twelve month high of $226.99. The firm has a market cap of $41.25 billion, a price-to-earnings ratio of 35.30, a price-to-earnings-growth ratio of 1.84 and a beta of 0.71.

L3Harris Technologies (NYSE:LHXGet Free Report) last released its earnings results on Thursday, April 25th. The company reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $0.17. L3Harris Technologies had a net margin of 5.82% and a return on equity of 12.82%. The business had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.11 billion. During the same quarter in the previous year, the business earned $2.86 earnings per share. L3Harris Technologies’s revenue for the quarter was up 16.6% on a year-over-year basis. As a group, sell-side analysts expect that L3Harris Technologies, Inc. will post 12.89 EPS for the current year.

L3Harris Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be issued a $1.16 dividend. The ex-dividend date is Tuesday, June 4th. This represents a $4.64 dividend on an annualized basis and a yield of 2.13%. L3Harris Technologies’s payout ratio is currently 75.32%.

About L3Harris Technologies

(Free Report)

L3Harris Technologies, Inc provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides intelligence, surveillance, and reconnaissance (ISR) systems, passive sensing and targeting, electronic attack, autonomy, power and communications, and networks and sensors, as well as advanced combat systems for air, land, and sea sectors.

Recommended Stories

Want to see what other hedge funds are holding LHX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for L3Harris Technologies, Inc. (NYSE:LHXFree Report).

Institutional Ownership by Quarter for L3Harris Technologies (NYSE:LHX)

Receive News & Ratings for L3Harris Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for L3Harris Technologies and related companies with MarketBeat.com's FREE daily email newsletter.