Forte Capital LLC ADV decreased its position in shares of L3Harris (NYSE:LHX) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,030 shares of the company’s stock after selling 264 shares during the period. Forte Capital LLC ADV’s holdings in L3Harris were worth $2,578,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently bought and sold shares of LHX. Squar Milner Financial Services LLC grew its holdings in L3Harris by 500.0% during the 3rd quarter. Squar Milner Financial Services LLC now owns 120 shares of the company’s stock worth $25,000 after acquiring an additional 100 shares in the last quarter. Sonora Investment Management LLC purchased a new position in shares of L3Harris in the 3rd quarter valued at approximately $26,000. Wealthcare Capital Management LLC purchased a new position in L3Harris during the 3rd quarter worth approximately $26,000. D Orazio & Associates Inc. purchased a new position in L3Harris during the 3rd quarter worth approximately $27,000. Finally, Trustcore Financial Services LLC purchased a new position in L3Harris during the 3rd quarter worth approximately $28,000. Institutional investors and hedge funds own 82.58% of the company’s stock.
Shares of NYSE LHX traded up $4.62 during midday trading on Friday, reaching $218.97. 97,682 shares of the stock were exchanged, compared to its average volume of 1,364,394. The company has a market capitalization of $47.52 billion, a price-to-earnings ratio of 26.42, a price-to-earnings-growth ratio of 2.33 and a beta of 0.86. L3Harris has a twelve month low of $136.26 and a twelve month high of $217.31. The firm has a 50-day moving average price of $202.27. The company has a current ratio of 1.49, a quick ratio of 1.21 and a debt-to-equity ratio of 0.31.
L3Harris (NYSE:LHX) last released its quarterly earnings results on Wednesday, October 30th. The company reported $2.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.39 by $0.19. L3Harris had a net margin of 12.02% and a return on equity of 16.42%. The firm had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.43 billion. The company’s quarterly revenue was up 187.4% compared to the same quarter last year. On average, analysts forecast that L3Harris will post 9.98 earnings per share for the current fiscal year.
LHX has been the subject of a number of recent research reports. UBS Group raised their price target on shares of L3Harris from $225.00 to $235.00 and gave the stock a “neutral” rating in a research report on Wednesday. Alembic Global Advisors initiated coverage on shares of L3Harris in a research report on Monday, November 18th. They set an “overweight” rating and a $235.00 price target for the company. ValuEngine raised shares of L3Harris from a “strong sell” rating to a “sell” rating in a research report on Friday, December 13th. SunTrust Banks raised their price target on shares of L3Harris to $245.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Zacks Investment Research raised shares of L3Harris from a “hold” rating to a “buy” rating and set a $219.00 price target for the company in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $237.34.
In related news, SVP Scott T. Mikuen sold 15,000 shares of L3Harris stock in a transaction on Monday, January 6th. The shares were sold at an average price of $210.51, for a total value of $3,157,650.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.70% of the stock is currently owned by company insiders.
L3Harris Company Profile
L3Harris Technologies, Inc provides technology-based solutions that solve government and commercial customers’ mission-critical challenges in the United States and internationally. The company operates in three segments: Communication Systems, Electronic Systems, and Space and Intelligence Systems.
