Harris Corp. SVP Sells $2,229,060 in Stock (HRS)
Harris Corp. (NYSE:HRS) SVP Scott T. Mikuen sold 30,716 shares of the stock on the open market in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $72.57, for a total value of $2,229,060.12. Following the sale, the senior vice president now directly owns 19,248 shares of the company’s stock, valued at approximately $1,396,827. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Harris Corp. (NYSE:HRS) traded up 0.10% on Thursday, hitting $72.64. The stock had a trading volume of 812,663 shares. Harris Corp. has a one year low of $41.08 and a one year high of $74.22. The stock has a 50-day moving average of $69.80 and a 200-day moving average of $63.25. The company has a market cap of $7.758 billion and a price-to-earnings ratio of 19.35.
Harris Corp. (NYSE:HRS) last announced its earnings results on Monday, January 27th. The company reported $1.27 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.18 by $0.09. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the prior year, the company posted $1.25 earnings per share. The company’s quarterly revenue was down 4.9% on a year-over-year basis. On average, analysts predict that Harris Corp. will post $4.93 earnings per share for the current fiscal year.
HRS has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. raised their price target on shares of Harris Corp. from $54.00 to $60.00 in a research note on Wednesday, January 29th. Analysts at Zacks reiterated a “neutral” rating on shares of Harris Corp. in a research note on Thursday, December 19th. They now have a $71.00 price target on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $61.40.
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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