Harris Corp. SVP Scott Mikuen Sells 11,067 Shares (HRS)
Harris Corp. (NYSE:HRS) SVP Scott Mikuen unloaded 11,067 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $58.16, for a total value of $643,656.72. Following the completion of the sale, the senior vice president now directly owns 19,200 shares in the company. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of research firms have recently commented on HRS. Analysts at JPMorgan Chase & Co. raised their price target on shares of Harris Corp. (NYSE:HRS) from $42.00 to $45.00 in a research note to investors on Thursday, August 1st. They now have an “underweight” rating on the stock. Separately, analysts at Barclays Capital raised their price target on shares of Harris Corp. (NYSE:HRS) from $45.00 to $53.00 in a research note to investors on Thursday, August 1st. They now have an “equal weight” rating on the stock. Finally, analysts at Zacks upgraded shares of Harris Corp. (NYSE:HRS) from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, June 20th. They now have a $52.00 price target on the stock.
Three research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Harris Corp. presently has a consensus rating of “Hold” and an average target price of $50.17.
Harris Corp. (NYSE:HRS) traded down 0.48% during mid-day trading on Friday, hitting $57.93. The stock had a trading volume of 564,193 shares. Harris Corp. has a 1-year low of $41.08 and a 1-year high of $58.72. The stock has a 50-day moving average of $57.03 and a 200-day moving average of $50.07. The company has a market cap of $6.195 billion and a price-to-earnings ratio of 59.28.
Harris Corp. (NYSE:HRS) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.26. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the company posted $1.42 earnings per share. Harris Corp.’s revenue was down 5.3% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 24th. Investors of record on Tuesday, September 10th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Friday, September 6th. This is an increase from Harris Corp.’s previous quarterly dividend of $0.37.
Harris Corporation (NYSE:HRS), together with its subsidiaries, is an international communications and information technology (IT) company serving government and commercial markets in more than 125 countries.
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