Wheatland Advisors Inc. reduced its position in Harris Co. (NYSE:HRS) by 0.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 26,682 shares of the communications equipment provider’s stock after selling 100 shares during the period. Harris accounts for about 3.8% of Wheatland Advisors Inc.’s holdings, making the stock its 2nd biggest holding. Wheatland Advisors Inc.’s holdings in Harris were worth $5,046,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of HRS. West Oak Capital LLC raised its stake in Harris by 39.2% during the 2nd quarter. West Oak Capital LLC now owns 213 shares of the communications equipment provider’s stock valued at $40,000 after acquiring an additional 60 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in Harris during the 2nd quarter valued at approximately $40,000. Larson Financial Group LLC purchased a new stake in Harris during the 2nd quarter valued at approximately $43,000. Destination Wealth Management purchased a new stake in Harris during the 1st quarter valued at approximately $52,000. Finally, Zions Bancorporation N.A. purchased a new stake in Harris during the 1st quarter valued at approximately $52,000. 96.71% of the stock is owned by institutional investors and hedge funds.
NYSE HRS remained flat at $$184.96 on Friday. The company’s stock had a trading volume of 1,072,502 shares, compared to its average volume of 1,293,305. The company has a current ratio of 1.42, a quick ratio of 1.15 and a debt-to-equity ratio of 0.95. The firm has a fifty day moving average price of $191.84 and a 200-day moving average price of $177.52. Harris Co. has a 52 week low of $123.24 and a 52 week high of $200.77. The stock has a market cap of $21.85 billion, a price-to-earnings ratio of 28.46, a price-to-earnings-growth ratio of 2.90 and a beta of 0.98.
Harris Corporation 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. It designs, develops, and manufactures radio communications products and systems, including single channel ground and airborne radio systems, multiband manpack and handheld radios, multi-channel manpack and airborne radios, and single-channel airborne radios, as well as wideband rifleman team, ground, and high frequency manpack radios.
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