Harbour Capital Advisors LLC increased its position in shares of Harris Corporation (NYSE:HRS) by 10,808.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,271 shares of the communications equipment provider’s stock after buying an additional 21,076 shares during the period. Harbour Capital Advisors LLC’s holdings in Harris Corporation were worth $195,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of HRS. Dimensional Fund Advisors LP increased its position in shares of Harris Corporation by 11.3% in the first quarter. Dimensional Fund Advisors LP now owns 590,844 shares of the communications equipment provider’s stock worth $65,744,000 after buying an additional 59,933 shares during the last quarter. Bank of Montreal Can increased its position in shares of Harris Corporation by 39.2% in the second quarter. Bank of Montreal Can now owns 122,868 shares of the communications equipment provider’s stock worth $13,403,000 after buying an additional 34,614 shares during the last quarter. Knights of Columbus Asset Advisors LLC bought a new position in shares of Harris Corporation during the first quarter worth approximately $1,458,000. Bank of Nova Scotia increased its position in shares of Harris Corporation by 946.4% in the first quarter. Bank of Nova Scotia now owns 28,473 shares of the communications equipment provider’s stock worth $3,168,000 after buying an additional 25,752 shares during the last quarter. Finally, BTIM Corp. bought a new position in shares of Harris Corporation during the second quarter worth approximately $435,000. Institutional investors own 83.60% of the company’s stock.
Harris Corporation (NYSE:HRS) traded down 0.34% during midday trading on Friday, reaching $118.71. The company’s stock had a trading volume of 527,896 shares. Harris Corporation has a 52-week low of $88.89 and a 52-week high of $121.27. The firm has a 50-day moving average price of $115.34 and a 200 day moving average price of $111.14. The stock has a market capitalization of $14.28 billion, a price-to-earnings ratio of 26.76 and a beta of 1.22.
Harris Corporation (NYSE:HRS) last released its quarterly earnings results on Tuesday, August 1st. The communications equipment provider reported $1.49 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.49. Harris Corporation had a net margin of 8.53% and a return on equity of 23.49%. The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same period in the prior year, the firm earned $1.45 earnings per share. Harris Corporation’s revenue was up .6% compared to the same quarter last year. Equities research analysts predict that Harris Corporation will post $6.00 EPS for the current fiscal year.
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Several equities analysts have recently issued reports on the company. BidaskClub upgraded Harris Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th. Cowen and Company reiterated a “buy” rating and set a $125.00 price objective on shares of Harris Corporation in a research report on Tuesday, August 1st. Jefferies Group LLC reiterated a “buy” rating and set a $135.00 price objective (up from $125.00) on shares of Harris Corporation in a research report on Friday, July 14th. Zacks Investment Research downgraded Harris Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Finally, ValuEngine upgraded Harris Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $113.29.
In other Harris Corporation news, insider Christopher D. Young sold 4,070 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $118.93, for a total value of $484,045.10. Following the transaction, the insider now directly owns 46,131 shares of the company’s stock, valued at $5,486,359.83. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Robert L. Duffy sold 33,600 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $112.01, for a total transaction of $3,763,536.00. Following the completion of the transaction, the senior vice president now directly owns 50,311 shares in the company, valued at $5,635,335.11. The disclosure for this sale can be found here. 1.71% of the stock is owned by corporate insiders.
Harris Corporation Company Profile
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