SG Americas Securities LLC Sells 1,468 Shares of L3Harris Technologies, Inc. (NYSE:LHX)

SG Americas Securities LLC cut its holdings in L3Harris Technologies, Inc. (NYSE:LHX) by 52.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,315 shares of the company’s stock after selling 1,468 shares during the period. SG Americas Securities LLC’s holdings in L3Harris Technologies were worth $277,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Archer Investment Corp lifted its holdings in shares of L3Harris Technologies by 48.9% during the third quarter. Archer Investment Corp now owns 131 shares of the company’s stock worth $31,000 after buying an additional 43 shares during the last quarter. Kennebec Savings Bank bought a new position in L3Harris Technologies during the third quarter worth $36,000. Trust Co. of Vermont boosted its holdings in L3Harris Technologies by 78.9% in the 4th quarter. Trust Co. of Vermont now owns 195 shares of the company’s stock valued at $41,000 after purchasing an additional 86 shares during the period. MCF Advisors LLC grew its position in L3Harris Technologies by 84.0% in the 4th quarter. MCF Advisors LLC now owns 241 shares of the company’s stock worth $51,000 after purchasing an additional 110 shares during the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in shares of L3Harris Technologies during the 3rd quarter worth about $64,000. Institutional investors and hedge funds own 84.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. StockNews.com upgraded shares of L3Harris Technologies from a “hold” rating to a “buy” rating in a research note on Monday, October 28th. UBS Group raised their price objective on L3Harris Technologies from $228.00 to $237.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. lowered their price objective on L3Harris Technologies from $265.00 to $255.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Wells Fargo & Company reduced their target price on L3Harris Technologies from $295.00 to $287.00 and set an “overweight” rating for the company in a research report on Wednesday, December 11th. Finally, Sanford C. Bernstein upgraded shares of L3Harris Technologies from a “market perform” rating to an “outperform” rating and dropped their price objective for the company from $289.00 to $267.00 in a research note on Wednesday, January 8th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, L3Harris Technologies presently has an average rating of “Moderate Buy” and an average target price of $263.07.

L3Harris Technologies Trading Down 0.9 %

LHX stock opened at $208.89 on Thursday. The business has a fifty day moving average price of $219.26 and a 200 day moving average price of $231.83. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 0.90. L3Harris Technologies, Inc. has a fifty-two week low of $200.18 and a fifty-two week high of $265.74. The stock has a market capitalization of $39.62 billion, a price-to-earnings ratio of 26.54, a P/E/G ratio of 1.74 and a beta of 0.76.

L3Harris Technologies (NYSE:LHX) last released its quarterly earnings results on Thursday, January 30th. The company reported $3.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.43 by $0.04. L3Harris Technologies had a return on equity of 13.11% and a net margin of 7.04%. Analysts expect that L3Harris Technologies, Inc. will post 13.8 EPS for the current fiscal year.

Insider Transactions at L3Harris Technologies

In related news, insider Ross Niebergall sold 1,373 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $210.06, for a total value of $288,412.38. Following the completion of the sale, the insider now owns 5,049 shares of the company’s stock, valued at $1,060,592.94. This trade represents a 21.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last three months, insiders have sold 4,901 shares of company stock worth $1,059,757. Corporate insiders own 0.87% of the company’s stock.

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.