Nicholas Hoffman & Company LLC. Has $204,000 Stock Position in L3Harris (NYSE:LHX)

Nicholas Hoffman & Company LLC. decreased its stake in shares of L3Harris (NYSE:LHX) by 6.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,131 shares of the company’s stock after selling 79 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in L3Harris were worth $204,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Amalgamated Bank increased its position in shares of L3Harris by 5.7% during the 4th quarter. Amalgamated Bank now owns 35,839 shares of the company’s stock worth $7,091,000 after purchasing an additional 1,938 shares during the last quarter. Advisor Partners LLC increased its holdings in shares of L3Harris by 21.6% during the 4th quarter. Advisor Partners LLC now owns 11,101 shares of the company’s stock worth $2,366,000 after acquiring an additional 1,969 shares during the last quarter. Wright Investors Service Inc. increased its holdings in shares of L3Harris by 75.6% during the 4th quarter. Wright Investors Service Inc. now owns 8,246 shares of the company’s stock worth $1,632,000 after acquiring an additional 3,550 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of L3Harris by 36.2% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 63,942 shares of the company’s stock worth $11,517,000 after acquiring an additional 17,001 shares during the last quarter. Finally, Essex Financial Services Inc. acquired a new position in shares of L3Harris during the 4th quarter worth approximately $349,000. 84.80% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:LHX traded down $3.67 during trading on Friday, reaching $180.45. 1,084,672 shares of the company traded hands, compared to its average volume of 1,330,704. The company’s 50 day moving average is $186.73 and its two-hundred day moving average is $198.97. The firm has a market capitalization of $39.75 billion, a PE ratio of 26.30 and a beta of 0.77. The company has a quick ratio of 1.21, a current ratio of 1.41 and a debt-to-equity ratio of 0.32. L3Harris has a 52 week low of $142.01 and a 52 week high of $230.99.

L3Harris (NYSE:LHX) last released its earnings results on Tuesday, May 5th. The company reported $2.80 earnings per share for the quarter, beating analysts’ consensus estimates of $2.61 by $0.19. L3Harris had a return on equity of 13.20% and a net margin of 8.30%. The firm had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.60 billion. During the same period in the prior year, the company posted $2.32 EPS. The company’s revenue was up 167.7% compared to the same quarter last year. As a group, research analysts anticipate that L3Harris will post 11.31 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd will be given a dividend of $0.85 per share. The ex-dividend date is Monday, June 1st. This represents a $3.40 annualized dividend and a dividend yield of 1.88%. L3Harris’s dividend payout ratio is currently 33.73%.

A number of research analysts recently weighed in on the company. Cowen reissued a “buy” rating and set a $240.00 target price on shares of L3Harris in a report on Tuesday, May 5th. Robert W. Baird boosted their target price on L3Harris from $245.00 to $260.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Sanford C. Bernstein boosted their target price on L3Harris from $217.00 to $236.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Royal Bank of Canada assumed coverage on L3Harris in a report on Wednesday. They set an “outperform” rating and a $219.00 target price on the stock. Finally, Raymond James boosted their target price on L3Harris from $219.00 to $239.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Three equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $239.80.

About L3Harris

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.

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Institutional Ownership by Quarter for L3Harris (NYSE:LHX)

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