Harris Corp. (NYSE:HRS) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $90.42 and last traded at $89.87, with a volume of 362,400 shares trading hands. The stock had previously closed at $88.97.

Several research analysts have weighed in on HRS shares. Jefferies Group restated a “buy” rating and issued a $100.00 price target (up from $95.00) on shares of Harris Corp. in a research note on Wednesday, August 3rd. JPMorgan Chase & Co. set a $93.00 price target on Harris Corp. and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. Zacks Investment Research downgraded Harris Corp. from a “hold” rating to a “sell” rating in a research note on Monday, July 18th. Drexel Hamilton restated a “buy” rating on shares of Harris Corp. in a research note on Friday, June 17th. Finally, Citigroup Inc. started coverage on Harris Corp. in a research note on Friday, June 10th. They issued a “buy” rating and a $95.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company. Harris Corp. currently has an average rating of “Buy” and a consensus target price of $98.29.

The stock has a market cap of $11.15 billion and a price-to-earnings ratio of 34.79. The stock has a 50 day moving average of $84.73 and a 200 day moving average of $80.05.

Harris Corp. (NYSE:HRS) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.01. During the same quarter in the prior year, the business posted $1.32 earnings per share. The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.94 billion. The firm’s revenue was up 24.0% compared to the same quarter last year. Equities analysts predict that Harris Corp. will post $5.76 earnings per share for the current fiscal year.

In related news, SVP Dana A. Mehnert sold 6,600 shares of Harris Corp. stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $82.03, for a total transaction of $541,398.00. Following the completion of the transaction, the senior vice president now directly owns 69,065 shares in the company, valued at $5,665,401.95. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Dana A. Mehnert sold 27,000 shares of Harris Corp. stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $88.02, for a total value of $2,376,540.00. Following the transaction, the senior vice president now owns 89,492 shares of the company’s stock, valued at $7,877,085.84. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors recently made changes to their positions in HRS. Alpine Woods Capital Investors LLC boosted its position in shares of Harris Corp. by 139.9% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 215,900 shares of the company’s stock valued at $18,762,000 after buying an additional 125,900 shares in the last quarter. Nicholas Co. Inc. WI bought a new position in shares of Harris Corp. during the fourth quarter valued at $13,948,000. Marshall Wace LLP boosted its position in shares of Harris Corp. by 27.6% in the fourth quarter. Marshall Wace LLP now owns 123,030 shares of the company’s stock valued at $10,691,000 after buying an additional 26,630 shares in the last quarter. I.G. Investment Management LTD. boosted its position in shares of Harris Corp. by 17.2% in the fourth quarter. I.G. Investment Management LTD. now owns 111,736 shares of the company’s stock valued at $9,710,000 after buying an additional 16,400 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Harris Corp. by 27.3% in the fourth quarter. Bank of Montreal Can now owns 85,786 shares of the company’s stock valued at $7,455,000 after buying an additional 18,376 shares in the last quarter.

Harris Corporation (Harris) together with its subsidiaries is engaged in providing technology-based solutions to government and commercial customers. As of July 3, 2015, the Company operated through four business segments: RF Communications, Government Communications Systems, Integrated Network Solutions and Exelis.

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