L3Harris Technologies, Inc. (NYSE:LHX) Shares Bought by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC grew its stake in L3Harris Technologies, Inc. (NYSE:LHX) by 0.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 26,479 shares of the company’s stock after buying an additional 92 shares during the quarter. Daymark Wealth Partners LLC’s holdings in L3Harris Technologies were worth $5,568,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. AE Wealth Management LLC raised its holdings in L3Harris Technologies by 64.0% in the 2nd quarter. AE Wealth Management LLC now owns 2,772 shares of the company’s stock worth $623,000 after purchasing an additional 1,082 shares during the period. Pacer Advisors Inc. raised its position in L3Harris Technologies by 1.2% during the second quarter. Pacer Advisors Inc. now owns 13,593 shares of the company’s stock worth $3,053,000 after acquiring an additional 166 shares during the period. Sei Investments Co. increased its stake in shares of L3Harris Technologies by 3.7% during the second quarter. Sei Investments Co. now owns 177,819 shares of the company’s stock worth $39,933,000 after purchasing an additional 6,305 shares in the last quarter. ProShare Advisors LLC raised its holdings in shares of L3Harris Technologies by 8.6% during the second quarter. ProShare Advisors LLC now owns 26,202 shares of the company’s stock valued at $5,884,000 after acquiring an additional 2,075 shares during the last quarter. Finally, Frank Rimerman Advisors LLC boosted its stake in shares of L3Harris Technologies by 21,733.3% in the second quarter. Frank Rimerman Advisors LLC now owns 1,310 shares of the company’s stock worth $294,000 after acquiring an additional 1,304 shares during the last quarter. Hedge funds and other institutional investors own 84.76% of the company’s stock.

Analysts Set New Price Targets

LHX has been the subject of a number of recent research reports. Royal Bank of Canada increased their target price on shares of L3Harris Technologies from $240.00 to $265.00 and gave the company a “sector perform” rating in a research report on Monday, October 28th. Barclays reduced their price objective on L3Harris Technologies from $290.00 to $255.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. StockNews.com raised L3Harris Technologies from a “hold” rating to a “buy” rating in a research note on Monday, October 28th. Truist Financial cut their target price on L3Harris Technologies from $300.00 to $283.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Finally, Argus raised shares of L3Harris Technologies from a “hold” rating to a “buy” rating and set a $300.00 target price on the stock in a research report on Tuesday, November 26th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $266.19.

L3Harris Technologies Trading Up 2.2 %

Shares of L3Harris Technologies stock opened at $222.95 on Wednesday. The firm has a market cap of $42.29 billion, a price-to-earnings ratio of 35.22, a price-to-earnings-growth ratio of 1.74 and a beta of 0.75. L3Harris Technologies, Inc. has a 52-week low of $200.18 and a 52-week high of $265.74. The company’s 50-day simple moving average is $225.58 and its 200-day simple moving average is $233.04. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 0.58.

L3Harris Technologies (NYSE:LHX) last posted its quarterly earnings results on Thursday, October 24th. The company reported $3.34 earnings per share for the quarter, beating analysts’ consensus estimates of $3.27 by $0.07. The firm had revenue of $5.29 billion for the quarter, compared to the consensus estimate of $5.28 billion. L3Harris Technologies had a return on equity of 13.11% and a net margin of 5.71%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business earned $3.19 earnings per share. As a group, equities research analysts anticipate that L3Harris Technologies, Inc. will post 13.07 earnings per share for the current year.

Insider Transactions at L3Harris Technologies

In related news, insider Ross Niebergall sold 1,764 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $223.62, for a total transaction of $394,465.68. Following the completion of the transaction, the insider now owns 8,576 shares of the company’s stock, valued at approximately $1,917,765.12. This represents a 17.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 7,889 shares of company stock valued at $1,800,572 in the last ninety days. Corporate insiders own 0.87% of the company’s stock.

About L3Harris Technologies

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.