L3Harris Technologies, Inc. (NYSE:LHX) Shares Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd raised its position in shares of L3Harris Technologies, Inc. (NYSE:LHX) by 232.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,616 shares of the company’s stock after purchasing an additional 25,604 shares during the period. L3Harris Technologies accounts for approximately 0.5% of Y Intercept Hong Kong Ltd’s holdings, making the stock its 14th biggest position. Y Intercept Hong Kong Ltd’s holdings in L3Harris Technologies were worth $7,700,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of LHX. Geode Capital Management LLC boosted its position in shares of L3Harris Technologies by 1.3% during the third quarter. Geode Capital Management LLC now owns 4,734,832 shares of the company’s stock worth $1,122,630,000 after buying an additional 59,008 shares during the period. Massachusetts Financial Services Co. MA raised its stake in L3Harris Technologies by 5.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,542,333 shares of the company’s stock valued at $366,875,000 after acquiring an additional 85,882 shares in the last quarter. Mizuho Markets Americas LLC boosted its position in L3Harris Technologies by 25.3% during the 3rd quarter. Mizuho Markets Americas LLC now owns 822,736 shares of the company’s stock worth $195,704,000 after acquiring an additional 166,262 shares during the period. JPMorgan Chase & Co. grew its stake in shares of L3Harris Technologies by 29.9% in the third quarter. JPMorgan Chase & Co. now owns 774,560 shares of the company’s stock worth $184,245,000 after purchasing an additional 178,407 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of L3Harris Technologies by 4.8% during the third quarter. The Manufacturers Life Insurance Company now owns 455,095 shares of the company’s stock valued at $108,253,000 after purchasing an additional 20,808 shares in the last quarter. Institutional investors own 84.76% of the company’s stock.

L3Harris Technologies Trading Up 1.0 %

NYSE:LHX opened at $199.13 on Monday. The stock has a fifty day simple moving average of $210.26 and a 200 day simple moving average of $229.10. The firm has a market capitalization of $37.50 billion, a price-to-earnings ratio of 25.30, a price-to-earnings-growth ratio of 2.42 and a beta of 0.76. L3Harris Technologies, Inc. has a 1-year low of $193.09 and a 1-year high of $265.74. The company has a quick ratio of 0.90, a current ratio of 1.08 and a debt-to-equity ratio of 0.57.

L3Harris Technologies (NYSE:LHX) last posted its quarterly earnings data on Thursday, January 30th. The company reported $3.47 EPS for the quarter, beating analysts’ consensus estimates of $3.43 by $0.04. L3Harris Technologies had a net margin of 7.04% and a return on equity of 13.11%. Sell-side analysts forecast that L3Harris Technologies, Inc. will post 11.12 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Ross Niebergall sold 1,764 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $213.65, for a total transaction of $376,878.60. Following the transaction, the insider now directly owns 6,812 shares of the company’s stock, valued at approximately $1,455,383.80. The trade was a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders sold 4,901 shares of company stock valued at $1,059,757. Company insiders own 0.82% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Citigroup lowered their target price on shares of L3Harris Technologies from $291.00 to $285.00 and set a “buy” rating on the stock in a research note on Monday, February 10th. Sanford C. Bernstein upgraded shares of L3Harris Technologies from a “market perform” rating to an “outperform” rating and lowered their price objective for the company from $289.00 to $267.00 in a research note on Wednesday, January 8th. UBS Group boosted their target price on L3Harris Technologies from $228.00 to $237.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Argus raised L3Harris Technologies from a “hold” rating to a “buy” rating and set a $300.00 price target for the company in a research note on Tuesday, November 26th. Finally, Barclays dropped their price objective on L3Harris Technologies from $290.00 to $255.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $262.67.

L3Harris Technologies Company Profile

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.