Capital Investment Advisors LLC Has $760,000 Stock Holdings in L3Harris Technologies, Inc. (NYSE:LHX)

Capital Investment Advisors LLC trimmed its stake in shares of L3Harris Technologies, Inc. (NYSE:LHXGet Rating) by 17.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,143 shares of the company’s stock after selling 684 shares during the quarter. Capital Investment Advisors LLC’s holdings in L3Harris Technologies were worth $760,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its position in L3Harris Technologies by 8.9% in the 4th quarter. JPMorgan Chase & Co. now owns 216,696 shares of the company’s stock valued at $46,209,000 after acquiring an additional 17,718 shares during the period. Charles Schwab Investment Management Inc. increased its position in L3Harris Technologies by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 989,839 shares of the company’s stock valued at $211,074,000 after acquiring an additional 9,750 shares during the period. Asset Allocation & Management Company LLC acquired a new position in L3Harris Technologies in the 4th quarter valued at approximately $267,000. Alberta Investment Management Corp increased its position in L3Harris Technologies by 189.3% in the 4th quarter. Alberta Investment Management Corp now owns 290,409 shares of the company’s stock valued at $61,927,000 after acquiring an additional 190,009 shares during the period. Finally, MKT Advisors LLC acquired a new position in L3Harris Technologies in the 4th quarter valued at approximately $210,000. 83.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Scott T. Mikuen sold 8,518 shares of the stock in a transaction on Friday, August 19th. The shares were sold at an average price of $237.95, for a total transaction of $2,026,858.10. Following the transaction, the senior vice president now directly owns 44,735 shares of the company’s stock, valued at $10,644,693.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other L3Harris Technologies news, VP James P. Girard sold 7,500 shares of the firm’s stock in a transaction on Friday, July 8th. The shares were sold at an average price of $240.00, for a total value of $1,800,000.00. Following the transaction, the vice president now directly owns 10,811 shares of the company’s stock, valued at $2,594,640. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Scott T. Mikuen sold 8,518 shares of the firm’s stock in a transaction on Friday, August 19th. The shares were sold at an average price of $237.95, for a total transaction of $2,026,858.10. Following the completion of the transaction, the senior vice president now directly owns 44,735 shares in the company, valued at $10,644,693.25. The disclosure for this sale can be found here. Insiders have sold a total of 23,518 shares of company stock valued at $5,626,858 over the last ninety days. 1.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, Royal Bank of Canada initiated coverage on shares of L3Harris Technologies in a research report on Monday, August 29th. They issued an “outperform” rating and a $285.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, L3Harris Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $267.91.

L3Harris Technologies Trading Up 0.7 %

LHX opened at $230.01 on Friday. The stock has a market cap of $44.01 billion, a PE ratio of 23.69, a price-to-earnings-growth ratio of 5.12 and a beta of 0.68. L3Harris Technologies, Inc. has a twelve month low of $200.71 and a twelve month high of $279.71. The company has a fifty day moving average of $232.02 and a 200-day moving average of $239.96. The company has a quick ratio of 1.01, a current ratio of 1.27 and a debt-to-equity ratio of 0.35.

L3Harris Technologies (NYSE:LHXGet Rating) last issued its earnings results on Thursday, July 28th. The company reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.16 by $0.07. The business had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.23 billion. L3Harris Technologies had a net margin of 11.36% and a return on equity of 13.09%. L3Harris Technologies’s revenue was down 11.4% on a year-over-year basis. During the same period in the prior year, the firm earned $3.26 earnings per share. On average, sell-side analysts predict that L3Harris Technologies, Inc. will post 13.45 EPS for the current year.

L3Harris Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, September 2nd were paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 1.95%. The ex-dividend date was Thursday, September 1st. L3Harris Technologies’s dividend payout ratio is presently 46.14%.

L3Harris Technologies Profile

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L3Harris Technologies, Inc, an aerospace and defense technology company, provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides multi-mission intelligence, surveillance, and reconnaissance (ISR) systems; and communication systems, as well as fleet management support, sensor development, modification, and periodic depot maintenance services for ISR and airborne missions.

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Institutional Ownership by Quarter for L3Harris Technologies (NYSE:LHX)

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