What’s in Harris Corporation (HRS) After Reaching All Time High?

April 16, 2018 - By Michael Collier

Harris Corporation (NYSE:HRS) Logo

Investors sentiment increased to 1.09 in 2017 Q4. Its up 0.10, from 0.99 in 2017Q3. It increased, as 23 investors sold Harris Corporation shares while 207 reduced holdings. 91 funds opened positions while 160 raised stakes. 98.23 million shares or 1.10% less from 99.32 million shares in 2017Q3 were reported.
Patten And Patten Inc Tn holds 0.02% of its portfolio in Harris Corporation (NYSE:HRS) for 1,540 shares. Nomura Inc invested in 13,604 shares or 0% of the stock. 1St Source Bank invested in 2,570 shares or 0.03% of the stock. Cwm Limited Com reported 842 shares. 24,345 were reported by Bokf Na. Point72 Asset Lp holds 0.01% or 15,000 shares. Ngam Advsrs Ltd Partnership accumulated 15,125 shares or 0.02% of the stock. Wheatland Advsr Inc, a Pennsylvania-based fund reported 28,202 shares. Mark Sheptoff Planning Ltd Liability stated it has 7,151 shares or 0.66% of all its holdings. Amica Retiree Med stated it has 0.13% in Harris Corporation (NYSE:HRS). Moreover, Hudock Capital Group Ltd Llc has 0% invested in Harris Corporation (NYSE:HRS). Ghp reported 11,644 shares. Copeland Cap Lc reported 105,727 shares or 0.95% of all its holdings. Envestnet Asset Management reported 12,148 shares. Univest Of Pennsylvania invested in 37,399 shares or 2.13% of the stock.

Since February 15, 2018, it had 0 insider purchases, and 3 insider sales for $12.22 million activity. Shares for $3.02 million were sold by MIKUEN SCOTT T. MEHNERT DANA A sold $7.84 million worth of stock or 51,200 shares.

The stock of Harris Corporation (NYSE:HRS) reached all time high today, Apr, 16 and still has $174.90 target or 6.00 % above today’s $165.00 share price. This indicates more upside for the $19.59 billion company. This technical setup was reported by Barchart.com. If the $174.90 PT is reached, the company will be worth $1.18B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 2.05% or $3.31 during the last trading session, reaching $165. About 199,843 shares traded. Harris Corporation (NYSE:HRS) has risen 44.73% since April 16, 2017 and is uptrending. It has outperformed by 33.18% the S&P500.

Analysts await Harris Corporation (NYSE:HRS) to report earnings on May, 2. They expect $1.64 earnings per share, up 18.84 % or $0.26 from last year’s $1.38 per share. HRS’s profit will be $194.71 million for 25.15 P/E if the $1.64 EPS becomes a reality. After $1.67 actual earnings per share reported by Harris Corporation for the previous quarter, Wall Street now forecasts -1.80 % negative EPS growth.

Harris Corporation (NYSE:HRS) Ratings Coverage

Among 8 analysts covering Harris (NYSE:HRS), 7 have Buy rating, 0 Sell and 1 Hold. Therefore 88% are positive. Harris had 12 analyst reports since October 20, 2017 according to SRatingsIntel. The company was maintained on Tuesday, January 30 by Jefferies. Seaport Global maintained it with “Buy” rating and $175.0 target in Wednesday, January 31 report. The company was maintained on Wednesday, November 1 by Credit Suisse. The company was maintained on Wednesday, November 1 by JP Morgan. The firm has “Buy” rating by Jefferies given on Monday, January 8. On Tuesday, April 10 the stock rating was maintained by Citigroup with “Buy”. The firm has “Buy” rating by Cowen & Co given on Monday, January 22. On Wednesday, January 31 the stock rating was maintained by Credit Suisse with “Buy”. As per Friday, October 20, the company rating was maintained by Jefferies. Jefferies maintained Harris Corporation (NYSE:HRS) on Wednesday, November 1 with “Buy” rating.

Harris Corporation provides technology solutions that solve government and commercial customersÂ’ mission-critical challenges in the United States and internationally. The company has market cap of $19.59 billion. The firm operates in three divisions: Communication Systems, Electronic Systems, and Space and Intelligence Systems. It has a 39.18 P/E ratio. It designs, develops, and makes radio communications products and systems, including single channel ground and airborne radio systems, 2-channel vehicular 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.

Harris Corporation (NYSE:HRS) Institutional Positions Chart

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.