Dana Investment Advisors Inc. Has $15.12 Million Holdings in L3Harris Technologies Inc $LHX

Dana Investment Advisors Inc. increased its position in L3Harris Technologies Inc (NYSE:LHX) by 7.8% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 49,504 shares of the company’s stock after purchasing an additional 3,567 shares during the period. Dana Investment Advisors Inc.’s holdings in L3Harris Technologies were worth $15,119,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in LHX. Twin Peaks Wealth Advisors LLC purchased a new position in L3Harris Technologies during the second quarter valued at approximately $34,000. Salomon & Ludwin LLC acquired a new stake in shares of L3Harris Technologies during the 3rd quarter valued at $34,000. Rakuten Securities Inc. grew its holdings in shares of L3Harris Technologies by 234.8% during the 2nd quarter. Rakuten Securities Inc. now owns 154 shares of the company’s stock valued at $39,000 after acquiring an additional 108 shares in the last quarter. Steigerwald Gordon & Koch Inc. acquired a new position in shares of L3Harris Technologies in the third quarter worth $42,000. Finally, Copia Wealth Management raised its holdings in shares of L3Harris Technologies by 1,842.9% during the third quarter. Copia Wealth Management now owns 136 shares of the company’s stock worth $42,000 after acquiring an additional 129 shares in the last quarter. 84.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on LHX. Vertical Research restated a “buy” rating and issued a $355.00 target price on shares of L3Harris Technologies in a research note on Tuesday, January 13th. Sanford C. Bernstein reissued an “outperform” rating on shares of L3Harris Technologies in a research note on Friday, February 6th. Citigroup increased their price objective on L3Harris Technologies from $389.00 to $418.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. JPMorgan Chase & Co. raised their price objective on shares of L3Harris Technologies from $340.00 to $395.00 and gave the company an “overweight” rating in a research report on Thursday, February 5th. Finally, Royal Bank Of Canada boosted their target price on shares of L3Harris Technologies from $360.00 to $365.00 and gave the stock a “sector perform” rating in a research report on Friday, January 30th. Fifteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $328.57.

L3Harris Technologies Stock Down 0.4%

LHX opened at $354.69 on Tuesday. The firm has a market cap of $66.25 billion, a P/E ratio of 41.58, a price-to-earnings-growth ratio of 2.57 and a beta of 0.64. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.19. The business has a 50 day moving average price of $329.75 and a 200 day moving average price of $300.29. L3Harris Technologies Inc has a twelve month low of $195.72 and a twelve month high of $369.59.

L3Harris Technologies (NYSE:LHX) last announced its quarterly earnings results on Thursday, January 29th. The company reported $2.86 EPS for the quarter, beating the consensus estimate of $2.76 by $0.10. L3Harris Technologies had a return on equity of 10.43% and a net margin of 7.35%.The company had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.76 billion. During the same quarter last year, the company posted $3.47 earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. Research analysts forecast that L3Harris Technologies Inc will post 11.12 EPS for the current year.

L3Harris Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, March 6th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. This is a positive change from L3Harris Technologies’s previous quarterly dividend of $1.20. L3Harris Technologies’s dividend payout ratio (DPR) is presently 56.27%.

Insider Transactions at L3Harris Technologies

In other news, insider Samir Mehta sold 4,840 shares of the firm’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $338.85, for a total value of $1,640,034.00. Following the sale, the insider directly owned 5,916 shares of the company’s stock, valued at approximately $2,004,636.60. This trade represents a 45.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.72% of the stock is owned by company insiders.

L3Harris Technologies Company Profile

L3Harris Technologies (NYSE: LHX) is an American aerospace and defense company formed in 2019 through the combination of L3 Technologies and Harris Corporation. Headquartered in Melbourne, Florida, the company designs, manufactures and supports a broad range of technology solutions for government and commercial customers, with a particular emphasis on defense, intelligence and public safety applications.

The company’s offerings span communications systems, avionics, electronic warfare, intelligence, surveillance and reconnaissance (ISR) sensors, space systems and mission integration.