PFG Advisors lifted its holdings in Harris Co. (NYSE:HRS) by 7.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,961 shares of the communications equipment provider’s stock after purchasing an additional 759 shares during the quarter. PFG Advisors’ holdings in Harris were worth $2,190,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in shares of Harris by 6.7% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 185,525 shares of the communications equipment provider’s stock valued at $35,088,000 after buying an additional 11,640 shares during the period. Citizens Financial Group Inc RI lifted its holdings in shares of Harris by 1.2% in the 1st quarter. Citizens Financial Group Inc RI now owns 48,502 shares of the communications equipment provider’s stock valued at $7,746,000 after buying an additional 569 shares during the period. Dearborn Partners LLC acquired a new position in shares of Harris in the 2nd quarter valued at about $250,000. Greenwood Capital Associates LLC acquired a new position in shares of Harris in the 1st quarter valued at about $271,000. Finally, Larson Financial Group LLC acquired a new position in shares of Harris in the 2nd quarter valued at about $43,000. 96.71% of the stock is owned by hedge funds and other institutional investors.
The company has a current ratio of 1.42, a quick ratio of 1.15 and a debt-to-equity ratio of 0.95. Harris Co. has a 52 week low of $123.24 and a 52 week high of $200.77. The company has a fifty day simple moving average of $191.84 and a 200-day simple moving average of $177.52. The stock has a market cap of $21.85 billion, a price-to-earnings ratio of 28.46, a PEG ratio of 2.90 and a beta of 0.98.
Harris Corporation 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. It designs, develops, and manufactures radio communications products and systems, including single channel ground and airborne 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.
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