November 28, 2016 - By Marguerite Chambers · 0 Comments
Harris Corp (NYSE:HRS) institutional sentiment increased to 1.13 in 2016 Q2. Its up 0.18, from 0.95 in 2016Q1. The ratio is better, as 213 institutional investors started new or increased stock positions, while 224 sold and reduced stakes in Harris Corp. The institutional investors in our partner’s database now have: 109.08 million shares, up from 108.97 million shares in 2016Q1. Also, the number of institutional investors holding Harris Corp in their top 10 stock positions increased from 3 to 7 for an increase of 4. Sold All: 73 Reduced: 151 Increased: 167 New Position: 46.
Harris Corporation is a technology company that provides products, systems and services that have defense and civil government applications, as well as commercial applications. The company has a market cap of $13.01 billion. It offers its services and products to government and commercial customer. It has a 36.72 P/E ratio.
About 123,075 shares traded hands. Harris Corporation (NYSE:HRS) has risen 33.03% since April 25, 2016 and is uptrending. It has outperformed by 27.02% the S&P500.
Analysts await Harris Corporation (NYSE:HRS) to report earnings on February, 7. They expect $1.39 earnings per share, down 6.71% or $0.10 from last year’s $1.49 per share. HRS’s profit will be $173.83M for 18.71 P/E if the $1.39 EPS becomes a reality. After $1.39 actual earnings per share reported by Harris Corporation for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
According to Zacks Investment Research, “Harris Corporation is an international company focused on communications equipment for voice, data and video applications. The company structures its operations around five operating divisions, which divisions have been organized on the basis of specific communications technology and markets. For the most part, each operating division has its own marketing, engineering, manufacturing and service organization. The company produces most of the products it sells, except for certain broadcast products sold by the Broadcast Communications Division.”
Cognios Capital Llc holds 3.77% of its portfolio in Harris Corporation for 142,174 shares. M. Kraus & Co owns 60,168 shares or 3.58% of their US portfolio. Moreover, Jana Partners Llc has 3.14% invested in the company for 2.20 million shares. The Pennsylvania-based Wheatland Advisors Inc has invested 2.83% in the stock. White Pine Investment Co, a Michigan-based fund reported 56,380 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 7 insider sales for $5.61 million net activity.
Ratings analysis reveals 88% of Harris’s analysts are positive. Out of 8 Wall Street analysts rating Harris, 7 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $87 while the high is $112. The stock’s average target of $98.50 is -5.32% below today’s ($104.03) share price. HRS was included in 16 notes of analysts from August 10, 2015. The firm earned “Outperform” rating on Wednesday, February 3 by RBC Capital Markets. The firm has “Buy” rating given on Friday, June 10 by Citigroup. The company was upgraded on Monday, October 12 by JP Morgan. The stock has “Market Perform” rating given by Cowen & Co on Tuesday, March 15. On Wednesday, September 7 the stock rating was maintained by Citigroup with “Buy”. Cowen & Co upgraded Harris Corporation (NYSE:HRS) on Monday, November 7 to “Outperform” rating. RBC Capital Markets initiated it with “Outperform” rating and $90 target price in Monday, October 12 report. The stock of Harris Corporation (NYSE:HRS) earned “Buy” rating by Goldman Sachs on Tuesday, September 8. The firm has “Buy” rating by Jefferies given on Thursday, December 17. Barclays Capital upgraded Harris Corporation (NYSE:HRS) on Monday, August 10 to “Equal-Weight” rating.
Harris Corporation, incorporated on December 6, 1926, is a technology firm that provides products, systems and services that have defense and civil government applications, as well as commercial applications. The Firm offers its services and products to government and commercial customer. The Firm operates in four divisions: Communication Systems, which serves markets in tactical communications and defense, and public safety networks; Space and Intelligence Systems, which provides complete Earth observation, environmental, geospatial, space protection, and intelligence solutions from advanced sensors and payloads, as well as ground processing and information analytics; Electronic Systems, which offers a portfolio of solutions in electronic warfare, avionics, wireless technology, command, control, communications, computers and intelligence (C4I) and undersea systems, and Critical Networks, which provides managed services supporting air traffic management, energy and maritime communications, and ground network operation and sustainment, as well as information technology (IT) and engineering services.
More notable recent Harris Corporation (NYSE:HRS) news were published by: Nasdaq.com which released: “Earnings Beat at Harris Corporation (HRS) in Q1” on November 01, 2016, also Nasdaq.com with their article: “Earnings Reaction History: Harris Corporation, 42.9% Follow-Through Indicator …” published on November 01, 2016, Businesswire.com published: “Harris Corporation Weather Instrument and Ground System Key to US Government …” on November 14, 2016. More interesting news about Harris Corporation (NYSE:HRS) were released by: Businesswire.com and their article: “Harris Corporation Receives NSA MUOS Waveform Certification for Falcon III …” published on November 16, 2016 as well as Businesswire.com‘s news article titled: “Harris Corporation Signs Definitive Agreement to Sell Its CapRock …” with publication date: November 01, 2016.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.
By Marguerite Chambers