Howard Capital Management Inc. Has $259,000 Stock Position in L3Harris Technologies, Inc. (NYSE:LHX)

Howard Capital Management Inc. lifted its position in L3Harris Technologies, Inc. (NYSE:LHX) by 5.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,234 shares of the company’s stock after buying an additional 63 shares during the period. Howard Capital Management Inc.’s holdings in L3Harris Technologies were worth $259,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in LHX. Mirae Asset Global Investments Co. Ltd. increased its position in shares of L3Harris Technologies by 38.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,622 shares of the company’s stock valued at $2,966,000 after buying an additional 3,521 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of L3Harris Technologies by 6.9% in the 3rd quarter. State of Alaska Department of Revenue now owns 22,038 shares of the company’s stock valued at $5,242,000 after buying an additional 1,415 shares in the last quarter. Welch Group LLC bought a new stake in shares of L3Harris Technologies in the 3rd quarter valued at $214,000. Pallas Capital Advisors LLC increased its position in shares of L3Harris Technologies by 8.1% in the 3rd quarter. Pallas Capital Advisors LLC now owns 1,043 shares of the company’s stock valued at $255,000 after buying an additional 78 shares in the last quarter. Finally, SFE Investment Counsel increased its position in shares of L3Harris Technologies by 0.9% in the 3rd quarter. SFE Investment Counsel now owns 22,779 shares of the company’s stock valued at $5,418,000 after buying an additional 192 shares in the last quarter. Institutional investors own 84.76% of the company’s stock.

Analysts Set New Price Targets

LHX has been the subject of a number of research reports. Barclays lowered their target price on L3Harris Technologies from $290.00 to $255.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Royal Bank of Canada reissued a “sector perform” rating and issued a $240.00 price target on shares of L3Harris Technologies in a research note on Friday, January 31st. UBS Group lifted their price target on L3Harris Technologies from $228.00 to $237.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Argus raised L3Harris Technologies from a “hold” rating to a “buy” rating and set a $300.00 price target on the stock in a research note on Tuesday, November 26th. Finally, JPMorgan Chase & Co. dropped their price target on L3Harris Technologies from $265.00 to $255.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $262.67.

L3Harris Technologies Price Performance

NYSE:LHX opened at $204.19 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.90 and a current ratio of 1.08. The stock’s 50-day simple moving average is $209.53 and its 200 day simple moving average is $228.71. The company has a market cap of $38.45 billion, a P/E ratio of 25.94, a P/E/G ratio of 2.42 and a beta of 0.76. L3Harris Technologies, Inc. has a 52-week low of $193.09 and a 52-week high of $265.74.

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

Insiders Place Their Bets

In other L3Harris Technologies news, insider Ross Niebergall sold 1,764 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $223.62, for a total transaction of $394,465.68. Following the transaction, the insider now owns 8,576 shares of the company’s stock, valued at $1,917,765.12. The trade was a 17.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 4,901 shares of company stock valued at $1,059,757 over the last 90 days. 0.87% of the stock is currently owned by insiders.

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.