NBC Securities Inc. Has $121,000 Stock Position in L3Harris Technologies, Inc. (NYSE:LHX)

NBC Securities Inc. lifted its stake in L3Harris Technologies, Inc. (NYSE:LHX) by 33.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 566 shares of the company’s stock after acquiring an additional 142 shares during the period. NBC Securities Inc.’s holdings in L3Harris Technologies were worth $121,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of LHX. Capital World Investors boosted its stake in L3Harris Technologies by 26.0% during the fourth quarter. Capital World Investors now owns 16,056,272 shares of the company’s stock worth $3,381,784,000 after buying an additional 3,308,506 shares in the last quarter. Vanguard Group Inc. boosted its stake in L3Harris Technologies by 15.4% during the fourth quarter. Vanguard Group Inc. now owns 20,186,512 shares of the company’s stock worth $4,251,683,000 after buying an additional 2,692,771 shares in the last quarter. Mizuho Markets Americas LLC boosted its stake in L3Harris Technologies by 990.3% during the fourth quarter. Mizuho Markets Americas LLC now owns 2,204,675 shares of the company’s stock worth $464,349,000 after buying an additional 2,002,475 shares in the last quarter. Norges Bank acquired a new stake in L3Harris Technologies during the fourth quarter worth $325,147,000. Finally, Wellington Management Group LLP boosted its stake in L3Harris Technologies by 34.7% during the fourth quarter. Wellington Management Group LLP now owns 4,416,904 shares of the company’s stock worth $930,288,000 after buying an additional 1,138,549 shares in the last quarter. Institutional investors and hedge funds own 84.76% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on LHX shares. Wells Fargo & Company lifted their price target on shares of L3Harris Technologies from $238.00 to $245.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 7th. Barclays lifted their price objective on L3Harris Technologies from $238.00 to $245.00 and gave the company an “overweight” rating in a report on Tuesday, April 30th. JPMorgan Chase & Co. lifted their price objective on L3Harris Technologies from $240.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Alembic Global Advisors raised L3Harris Technologies from a “neutral” rating to an “overweight” rating and set a $238.00 price objective for the company in a report on Monday, April 22nd. Finally, Royal Bank of Canada lifted their price objective on L3Harris Technologies from $245.00 to $250.00 and gave the company an “outperform” rating in a report on Monday, April 29th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $231.80.

Insider Buying and Selling

In related news, VP Sean J. Stackley sold 3,354 shares of L3Harris Technologies stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $218.00, for a total value of $731,172.00. Following the completion of the sale, the vice president now directly owns 17,540 shares in the company, valued at $3,823,720. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, VP Sean J. Stackley sold 3,354 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $218.00, for a total transaction of $731,172.00. Following the completion of the transaction, the vice president now directly owns 17,540 shares in the company, valued at approximately $3,823,720. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Christopher E. Kubasik sold 26,190 shares of the business’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $225.70, for a total value of $5,911,083.00. Following the transaction, the chief executive officer now owns 120,326 shares of the company’s stock, valued at $27,157,578.20. The disclosure for this sale can be found here. Insiders sold a total of 82,898 shares of company stock worth $18,558,167 over the last three months. 0.82% of the stock is currently owned by company insiders.

L3Harris Technologies Stock Performance

L3Harris Technologies stock opened at $225.51 on Monday. The stock has a 50-day simple moving average of $217.52 and a 200 day simple moving average of $212.00. The company has a quick ratio of 0.80, a current ratio of 0.98 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $42.77 billion, a price-to-earnings ratio of 36.61, a P/E/G ratio of 1.88 and a beta of 0.71. L3Harris Technologies, Inc. has a 12-month low of $160.25 and a 12-month high of $226.99.

L3Harris Technologies (NYSE:LHX) last announced its quarterly earnings data on Thursday, April 25th. The company reported $3.06 EPS for the quarter, topping analysts’ consensus estimates of $2.89 by $0.17. The firm had revenue of $5.21 billion during the quarter, compared to analyst estimates of $5.11 billion. L3Harris Technologies had a return on equity of 12.82% and a net margin of 5.82%. The company’s revenue was up 16.6% on a year-over-year basis. During the same period last year, the company earned $2.86 earnings per share. On average, research analysts anticipate that L3Harris Technologies, Inc. will post 12.93 earnings per share for the current fiscal year.

L3Harris Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th were given a $1.16 dividend. The ex-dividend date was Tuesday, June 4th. This represents a $4.64 dividend on an annualized basis and a yield of 2.06%. L3Harris Technologies’s payout ratio is 75.32%.

About L3Harris Technologies

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.