Arkadios Wealth Advisors Has $305,000 Position in L3Harris Technologies, Inc. (NYSE:LHX)

Arkadios Wealth Advisors raised its holdings in L3Harris Technologies, Inc. (NYSE:LHX) by 9.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,452 shares of the company’s stock after acquiring an additional 127 shares during the quarter. Arkadios Wealth Advisors’ holdings in L3Harris Technologies were worth $305,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in LHX. JPMorgan Chase & Co. lifted its holdings in L3Harris Technologies by 29.9% in the 3rd 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 during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of L3Harris Technologies by 65.2% in the second quarter. The Manufacturers Life Insurance Company now owns 434,287 shares of the company’s stock valued at $97,532,000 after purchasing an additional 171,420 shares during the period. International Assets Investment Management LLC lifted its stake in shares of L3Harris Technologies by 23,627.0% in the third quarter. International Assets Investment Management LLC now owns 170,597 shares of the company’s stock worth $40,580,000 after buying an additional 169,878 shares during the last quarter. Mizuho Markets Americas LLC boosted its holdings in shares of 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 buying an additional 166,262 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new position in L3Harris Technologies in the 3rd quarter valued at $35,904,000. 84.76% of the stock is owned by institutional investors.

Insider Activity at L3Harris Technologies

In other L3Harris Technologies news, insider Ross Niebergall sold 1,764 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $223.62, for a total value of $394,465.68. Following the completion of the transaction, the insider now directly owns 8,576 shares of the company’s stock, valued at approximately $1,917,765.12. The trade was a 17.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold 7,889 shares of company stock valued at $1,800,572 in the last three months. Corporate insiders own 0.82% of the company’s stock.

L3Harris Technologies Stock Down 0.1 %

Shares of LHX opened at $219.79 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average price of $224.75 and a two-hundred day moving average price of $232.95. The stock has a market cap of $41.69 billion, a price-to-earnings ratio of 34.72, a P/E/G ratio of 1.78 and a beta of 0.75. L3Harris Technologies, Inc. has a 12 month low of $200.18 and a 12 month high of $265.74.

L3Harris Technologies (NYSE:LHX) last announced its quarterly earnings results on Thursday, October 24th. The company reported $3.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.27 by $0.07. The firm had revenue of $5.29 billion during the quarter, compared to the consensus estimate of $5.28 billion. L3Harris Technologies had a net margin of 5.71% and a return on equity of 13.11%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the firm posted $3.19 EPS. Equities analysts predict that L3Harris Technologies, Inc. will post 13.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LHX. Barclays decreased their price target on shares of L3Harris Technologies from $290.00 to $255.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Argus upgraded L3Harris Technologies from a “hold” rating to a “buy” rating and set a $300.00 target price for the company in a research note on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft dropped their price target on L3Harris Technologies from $250.00 to $229.00 and set a “hold” rating on the stock in a research report on Thursday, January 2nd. Citigroup increased their price objective on L3Harris Technologies from $268.00 to $291.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Finally, Royal Bank of Canada boosted their target price on shares of L3Harris Technologies from $240.00 to $265.00 and gave the stock a “sector perform” rating in a research report on Monday, October 28th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $266.19.

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.