GAMMA Investing LLC Has $328,000 Stock Holdings in L3Harris Technologies, Inc. (NYSE:LHX)

GAMMA Investing LLC boosted its holdings in L3Harris Technologies, Inc. (NYSE:LHX) by 57.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,462 shares of the company’s stock after acquiring an additional 533 shares during the period. GAMMA Investing LLC’s holdings in L3Harris Technologies were worth $328,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in LHX. Capital World Investors increased its position in L3Harris Technologies by 26.0% during the 4th quarter. Capital World Investors now owns 16,056,272 shares of the company’s stock worth $3,381,784,000 after buying an additional 3,308,506 shares during the period. Vanguard Group Inc. increased its position in L3Harris Technologies by 15.4% during the 4th quarter. Vanguard Group Inc. now owns 20,186,512 shares of the company’s stock worth $4,251,683,000 after buying an additional 2,692,771 shares during the period. Mizuho Markets Americas LLC increased its position in L3Harris Technologies by 990.3% during the 4th quarter. Mizuho Markets Americas LLC now owns 2,204,675 shares of the company’s stock worth $464,349,000 after buying an additional 2,002,475 shares during the period. Norges Bank bought a new position in L3Harris Technologies during the 4th quarter worth $325,147,000. Finally, Wellington Management Group LLP increased its position in L3Harris Technologies by 34.7% during the 4th quarter. Wellington Management Group LLP now owns 4,416,904 shares of the company’s stock worth $930,288,000 after buying an additional 1,138,549 shares during the period. Institutional investors own 84.76% of the company’s stock.

Insider Activity at L3Harris Technologies

In other news, VP Sean J. Stackley sold 3,354 shares of the company’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $216.73, for a total transaction of $726,912.42. Following the transaction, the vice president now owns 14,186 shares of the company’s stock, valued at approximately $3,074,531.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other L3Harris Technologies news, CEO Christopher E. Kubasik sold 26,190 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $225.70, for a total value of $5,911,083.00. Following the sale, the chief executive officer now owns 120,326 shares of the company’s stock, valued at approximately $27,157,578.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Sean J. Stackley sold 3,354 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $216.73, for a total value of $726,912.42. Following the completion of the sale, the vice president now directly owns 14,186 shares in the company, valued at approximately $3,074,531.78. 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 over the last 90 days. Insiders own 0.82% of the company’s stock.

Analyst Ratings Changes

LHX has been the topic of several recent research reports. Alembic Global Advisors upgraded L3Harris Technologies from a “neutral” rating to an “overweight” rating and set a $238.00 price objective on the stock in a research report on Monday, April 22nd. Deutsche Bank Aktiengesellschaft lowered L3Harris Technologies from a “buy” rating to a “hold” rating and increased their target price for the stock from $245.00 to $257.00 in a report on Friday, July 26th. Wells Fargo & Company reduced their target price on L3Harris Technologies from $262.00 to $260.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Royal Bank of Canada reissued an “outperform” rating and set a $250.00 target price on shares of L3Harris Technologies in a report on Monday, July 29th. Finally, JPMorgan Chase & Co. raised their price objective on L3Harris Technologies from $240.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $238.50.

L3Harris Technologies Trading Down 1.3 %

LHX stock traded down $3.07 during mid-day trading on Monday, reaching $227.12. The company’s stock had a trading volume of 915,964 shares, compared to its average volume of 1,005,711. The company has a market cap of $43.08 billion, a price-to-earnings ratio of 37.49, a price-to-earnings-growth ratio of 1.90 and a beta of 0.72. The business’s 50 day moving average price is $226.57 and its 200 day moving average price is $216.92. The company has a current ratio of 0.90, a quick ratio of 0.74 and a debt-to-equity ratio of 0.56. L3Harris Technologies, Inc. has a 12 month low of $160.25 and a 12 month high of $245.60.

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

L3Harris Technologies Dividend Announcement

The business also recently announced 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. The ex-dividend date is Friday, September 6th. This represents a $4.64 annualized dividend and a dividend yield of 2.04%. L3Harris Technologies’s payout ratio is 75.32%.

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.