Calamos Advisors LLC Has $41.96 Million Stock Position in L3Harris Technologies, Inc. (NYSE:LHX)

Calamos Advisors LLC grew its position in L3Harris Technologies, Inc. (NYSE:LHX) by 2.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 199,206 shares of the company’s stock after buying an additional 4,955 shares during the quarter. Calamos Advisors LLC’s holdings in L3Harris Technologies were worth $41,957,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Cowa LLC purchased a new stake in shares of L3Harris Technologies in the first quarter worth approximately $26,000. Mascoma Wealth Management LLC bought a new position in L3Harris Technologies during the third quarter valued at approximately $27,000. Strategic Investment Solutions Inc. IL acquired a new position in L3Harris Technologies during the first quarter valued at approximately $27,000. KB Financial Partners LLC grew its holdings in L3Harris Technologies by 96.5% during the third quarter. KB Financial Partners LLC now owns 167 shares of the company’s stock valued at $29,000 after purchasing an additional 82 shares during the last quarter. Finally, First Capital Advisors Group LLC. acquired a new position in L3Harris Technologies during the second quarter valued at approximately $29,000. 84.76% of the stock is owned by hedge funds and other institutional investors.

L3Harris Technologies Trading Up 0.3 %

NYSE:LHX traded up $0.68 on Thursday, hitting $202.08. 683,568 shares of the stock were exchanged, compared to its average volume of 1,122,904. The stock has a market capitalization of $38.42 billion, a price-to-earnings ratio of 31.27, a P/E/G ratio of 1.86 and a beta of 0.65. L3Harris Technologies, Inc. has a 52 week low of $160.25 and a 52 week high of $218.34. The company’s 50-day moving average price is $210.54 and its 200 day moving average price is $199.59. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.82 and a current ratio of 1.01.

L3Harris Technologies (NYSE:LHX) last posted its earnings results on Friday, January 26th. The company reported $3.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $0.04. L3Harris Technologies had a return on equity of 12.68% and a net margin of 6.32%. The company had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.28 billion. During the same period in the previous year, the company earned $3.27 EPS. The company’s revenue for the quarter was up 16.6% compared to the same quarter last year. On average, equities research analysts forecast that L3Harris Technologies, Inc. will post 12.73 earnings per share for the current year.

L3Harris Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were given a $1.16 dividend. The ex-dividend date was Thursday, March 7th. This is a positive change from L3Harris Technologies’s previous quarterly dividend of $1.14. This represents a $4.64 annualized dividend and a dividend yield of 2.30%. L3Harris Technologies’s payout ratio is currently 72.05%.

Analyst Ratings Changes

Several equities analysts have commented on the company. Royal Bank of Canada increased their price target on L3Harris Technologies from $235.00 to $245.00 and gave the company an “outperform” rating in a report on Monday, January 29th. JPMorgan Chase & Co. upgraded shares of L3Harris Technologies from a “neutral” rating to an “overweight” rating and set a $240.00 price objective on the stock in a research note on Thursday, January 11th. Raymond James lifted their price target on shares of L3Harris Technologies from $220.00 to $235.00 and gave the stock an “outperform” rating in a research note on Monday, January 29th. Wells Fargo & Company cut their price objective on L3Harris Technologies from $250.00 to $238.00 and set an “overweight” rating for the company in a report on Tuesday, January 30th. Finally, TheStreet raised L3Harris Technologies from a “c+” rating to a “b-” rating in a report on Thursday, December 21st. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $229.00.

Insider Activity at L3Harris Technologies

In other news, CEO Christopher E. Kubasik sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $212.22, for a total transaction of $8,488,800.00. Following the sale, the chief executive officer now owns 116,175 shares in the company, valued at approximately $24,654,658.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other L3Harris Technologies news, CEO Christopher E. Kubasik sold 40,000 shares of the company’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $212.22, for a total value of $8,488,800.00. Following the transaction, the chief executive officer now directly owns 116,175 shares of the company’s stock, valued at approximately $24,654,658.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Edward J. Zoiss sold 3,707 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $211.47, for a total value of $783,919.29. Following the completion of the sale, the insider now directly owns 28,644 shares in the company, valued at $6,057,346.68. The disclosure for this sale can be found here. In the last three months, insiders sold 48,362 shares of company stock worth $10,261,360. 0.82% of the stock is owned by company insiders.

L3Harris Technologies Profile

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.