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

Several brokerages recently weighed in on HRS. 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. Jefferies Group reaffirmed a “buy” rating on shares of Harris Corp. in a research note on Friday, June 10th. Zacks Investment Research cut Harris Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, April 21st. Sterne Agee CRT reaffirmed a “buy” rating on shares of Harris Corp. in a research note on Monday, May 16th. Finally, Drexel Hamilton reaffirmed a “buy” rating on shares of Harris Corp. in a research note on Friday, June 17th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company’s stock. Harris Corp. presently has an average rating of “Buy” and an average price target of $98.29.

The firm has a market cap of $11.17 billion and a PE ratio of 34.85. The stock’s 50-day moving average price is $85.11 and its 200 day moving average price is $80.16.

Harris Corp. (NYSE:HRS) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.01. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the prior year, the business posted $1.32 earnings per share. Harris Corp.’s revenue was up 24.0% on a year-over-year basis. On average, analysts predict that Harris Corp. will post $5.76 EPS for the current year.

In related news, SVP Sheldon J. Fox sold 17,700 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $88.02, for a total transaction of $1,557,954.00. Following the completion of the sale, the senior vice president now directly owns 62,060 shares of the company’s stock, valued at approximately $5,462,521.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Dana A. Mehnert sold 6,600 shares of the firm’s stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $82.03, for a total value of $541,398.00. Following the sale, the senior vice president now directly owns 69,065 shares of the company’s stock, valued at $5,665,401.95. The disclosure for this sale can be found here.

Several large investors have modified their holdings of HRS. Advantus Capital Management Inc raised its stake in shares of Harris Corp. by 3.0% in the fourth quarter. Advantus Capital Management Inc now owns 11,959 shares of the company’s stock worth $1,039,000 after buying an additional 350 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its stake in shares of Harris Corp. by 5.8% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 16,498 shares of the company’s stock worth $1,434,000 after buying an additional 910 shares during the period. Eaton Vance Management raised its stake in shares of Harris Corp. by 3.2% in the fourth quarter. Eaton Vance Management now owns 19,377 shares of the company’s stock worth $1,684,000 after buying an additional 597 shares during the period. Aberdeen Asset Management PLC UK raised its stake in shares of Harris Corp. by 12.7% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 28,833 shares of the company’s stock worth $2,191,000 after buying an additional 3,247 shares during the period. Finally, US Bancorp DE raised its stake in shares of Harris Corp. by 1.2% in the fourth quarter. US Bancorp DE now owns 39,522 shares of the company’s stock worth $3,434,000 after buying an additional 474 shares during the period.

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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