9,198 Shares in L3Harris Technologies, Inc. (NYSE:LHX) Acquired by Virtu Financial LLC

Virtu Financial LLC purchased a new stake in L3Harris Technologies, Inc. (NYSE:LHX) in the 1st quarter, Holdings Channel.com reports. The fund purchased 9,198 shares of the company’s stock, valued at approximately $1,960,000.

Several other institutional investors also recently bought and sold shares of the business. Bfsg LLC acquired a new stake in L3Harris Technologies during the first quarter worth about $25,000. Transcendent Capital Group LLC purchased a new stake in shares of L3Harris Technologies in the 4th quarter valued at approximately $28,000. Blue Trust Inc. lifted its position in shares of 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 acquiring an additional 109 shares in the last quarter. EntryPoint Capital LLC lifted its position in shares of L3Harris Technologies by 70.4% in the 1st quarter. EntryPoint Capital LLC now owns 167 shares of the company’s stock valued at $36,000 after acquiring an additional 69 shares in the last quarter. Finally, Sachetta LLC purchased a new stake in L3Harris Technologies in the 4th quarter worth approximately $49,000. 84.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on LHX shares. Royal Bank of Canada restated an “outperform” rating and set a $250.00 price target on shares of L3Harris Technologies in a report on Monday. Susquehanna boosted their price target on shares of L3Harris Technologies from $260.00 to $270.00 and gave the company a “positive” rating in a research report on Monday. JPMorgan Chase & Co. upped their target price on shares of L3Harris Technologies from $240.00 to $250.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Barclays increased their price objective on shares of L3Harris Technologies from $245.00 to $265.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Alembic Global Advisors raised shares of L3Harris Technologies from a “neutral” rating to an “overweight” rating and set a $238.00 target price for the company in a research note on Monday, April 22nd. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $236.60.

Insider Buying and Selling at L3Harris Technologies

In other L3Harris Technologies news, SVP Scott T. Mikuen sold 15,887 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $235.00, for a total value of $3,733,445.00. Following the transaction, the senior vice president now directly owns 47,616 shares of the company’s stock, valued at approximately $11,189,760. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, VP Sean J. Stackley sold 3,354 shares of L3Harris Technologies stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $216.73, for a total transaction of $726,912.42. Following the sale, the vice president now directly owns 14,186 shares in the company, valued at approximately $3,074,531.78. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Scott T. Mikuen sold 15,887 shares of L3Harris Technologies stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $235.00, for a total transaction of $3,733,445.00. Following the sale, the senior vice president now owns 47,616 shares in the company, valued at $11,189,760. The disclosure for this sale can be found here. Insiders have sold a total of 109,312 shares of company stock valued at $24,712,822 in the last ninety days. 0.82% of the stock is currently owned by company insiders.

L3Harris Technologies Stock Performance

Shares of NYSE LHX traded up $0.97 during mid-day trading on Friday, reaching $230.19. 1,051,724 shares of the company were exchanged, compared to its average volume of 1,006,314. The company’s 50-day simple moving average is $226.44 and its 200-day simple moving average is $216.60. The company has a quick ratio of 0.74, a current ratio of 0.90 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $43.67 billion, a P/E ratio of 36.98, a P/E/G ratio of 1.88 and a beta of 0.72. L3Harris Technologies, Inc. has a twelve month low of $160.25 and a twelve month high of $245.60.

L3Harris Technologies (NYSE:LHX) last posted its earnings results on Thursday, July 25th. The company reported $3.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.18 by $0.06. The company had revenue of $5.30 billion during the quarter, compared to analysts’ expectations of $5.30 billion. L3Harris Technologies had a net margin of 5.73% and a return on equity of 13.02%. L3Harris Technologies’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the company posted $2.97 EPS. As a group, research analysts predict that L3Harris Technologies, Inc. will post 13.04 earnings per share for the current year.

L3Harris Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Friday, September 6th. L3Harris Technologies’s dividend payout ratio is 75.32%.

L3Harris Technologies 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.