Several institutional investors have recently traded shares of L3Harris Technologies. Meeder Asset Management increased its shares by 260.6%, now holding 119 shares worth $27,000. Transcendent Capital Group and EntryPoint Capital also purchased shares, now holding stakes valued at $28,000 and $36,000 respectively. Versant Capital Management raised its shares by 77.7%, now valued at $41,000, while Family Firm Inc. invested approximately $45,000. In total, institutional investors own 84.76% of the company’s shares.
L3Harris Technologies Stock Performance
L3Harris Technologies (LHX) opened at $244.66, with a market cap of $46.41 billion. Key metrics include a PE ratio of 39.72 and a 52-week range of $160.25 to $247.33. The company’s financial ratios indicate moderate debt and liquidity.
L3Harris reported $3.24 earnings per share (EPS) for the quarter, exceeding expectations. It earned $5.30 billion in revenue, with a year-over-year revenue increase of 12.9%. Analysts forecast an EPS of 13.06 for the current year.
Dividend Information
The company announced a quarterly dividend of $1.16 per share, with an annualized yield of 1.90%. The current dividend payout ratio stands at 75.32%.
Analyst Ratings
Analysts have varied opinions on L3Harris. Barclays raised its target price, while Deutsche Bank downgraded it to “hold”. Overall, analysts give L3Harris a “Moderate Buy” rating, with an average target price of $247.08.
Insider Transactions
Insider Ross Niebergall sold nearly 3,000 shares for $707,199, while another executive sold over 10,500 shares for $2.4 million. Company insiders hold 0.82% of the stock.
About L3Harris Technologies
L3Harris provides mission-critical solutions for government and commercial clients, including intelligence, surveillance, reconnaissance, and advanced combat systems.
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