Harris Corp (NYSE:HRS) Q4 2017 Sentiment Change

April 26, 2018 - By Vivian Park

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Sentiment for Harris Corp (NYSE:HRS)

Harris Corp (NYSE:HRS) institutional sentiment increased to 1.09 in Q4 2017. Its up 0.10, from 0.99 in 2017Q3. The ratio is more positive, as 251 investment managers increased and started new equity positions, while 230 sold and decreased stock positions in Harris Corp. The investment managers in our partner’s database now have: 98.23 million shares, down from 99.32 million shares in 2017Q3. Also, the number of investment managers holding Harris Corp in their top 10 equity positions was flat from 10 to 10 for the same number . Sold All: 23 Reduced: 207 Increased: 160 New Position: 91.

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 $19.13 billion. The firm operates in three divisions: Communication Systems, Electronic Systems, and Space and Intelligence Systems. It has a 38.26 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.

The stock decreased 0.04% or $0.065 during the last trading session, reaching $161.095. About 735,270 shares traded. Harris Corporation (NYSE:HRS) has risen 44.73% since April 26, 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 before the open. They expect $1.62 earnings per share, up 17.39 % or $0.24 from last year’s $1.38 per share. HRS’s profit will be $192.34M for 24.86 P/E if the $1.62 EPS becomes a reality. After $1.67 actual earnings per share reported by Harris Corporation for the previous quarter, Wall Street now forecasts -2.99 % negative EPS growth.

Southport Management L.L.C. holds 6.96% of its portfolio in Harris Corporation for 20,000 shares. M. Kraus & Co owns 54,881 shares or 4.71% of their US portfolio. Moreover, Richard C. Young & Co. Ltd. has 3.38% invested in the company for 126,556 shares. The Pennsylvania-based Wheatland Advisors Inc has invested 3.23% in the stock. First National Bank Of Mount Dora Trust Investment Services, a Florida-based fund reported 51,431 shares.

Since January 1, 0001, it had 0 insider buys, and 3 sales for $12.22 million activity.

Harris Corporation (NYSE:HRS) Ratings Coverage

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 $148 while the high is $196. The stock’s average target of $174.38 is 8.25% above today’s ($161.095) share price. HRS was included in 11 notes of analysts from November 1, 2017. The stock of Harris Corporation (NYSE:HRS) earned “Buy” rating by Seaport Global on Wednesday, January 31. The company was maintained on Wednesday, January 31 by Credit Suisse. The rating was maintained by Citigroup with “Buy” on Tuesday, April 10. The stock has “Buy” rating by Cowen & Co on Monday, January 22. The firm earned “Buy” rating on Tuesday, January 30 by Jefferies. On Wednesday, November 1 the stock rating was maintained by JP Morgan with “Overweight”. Jefferies maintained the stock with “Buy” rating in Monday, January 8 report. Credit Suisse maintained Harris Corporation (NYSE:HRS) on Wednesday, November 1 with “Buy” rating. The rating was maintained by Jefferies with “Buy” on Wednesday, November 1.

Harris Corporation (NYSE:HRS) Institutional Positions Chart

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