Harris Corp. (NYSE:HRS) shares reached a new 52-week high during trading on Monday . The company traded as high as $91.52 and last traded at $91.38, with a volume of 343,395 shares. The stock had previously closed at $90.94.

HRS has been the topic of a number of research reports. Citigroup Inc. initiated coverage on Harris Corp. in a research note on Friday, June 10th. They issued a “buy” rating and a $95.00 price objective on the stock. Drexel Hamilton reaffirmed a “buy” rating on shares of Harris Corp. in a research note on Friday, June 17th. Zacks Investment Research downgraded Harris Corp. from a “hold” rating to a “sell” rating in a research note on Monday, July 18th. Sterne Agee CRT reaffirmed a “buy” rating on shares of Harris Corp. in a research note on Monday, May 16th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $100.00 price objective (up previously from $95.00) on shares of Harris Corp. in a research note on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. Harris Corp. currently has a consensus rating of “Buy” and an average target price of $98.29.

The firm’s 50-day moving average is $86.80 and its 200-day moving average is $80.44. The company has a market cap of $11.31 billion and a PE ratio of 35.31.

Harris Corp. (NYSE:HRS) last released its 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. The firm earned $1.90 billion during the quarter, compared to analysts’ expectations of $1.94 billion. The business’s revenue was up 24.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.32 EPS. On average, analysts forecast that Harris Corp. will post $5.76 earnings per share for the current year.

In related news, SVP Scott T. Mikuen sold 9,400 shares of Harris Corp. stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $88.00, for a total transaction of $827,200.00. Following the transaction, the senior vice president now owns 49,277 shares in the company, valued at $4,336,376. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Dana A. Mehnert sold 27,000 shares of Harris Corp. stock in a transaction that occurred on Thursday, August 4th. The stock was 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 in the company, valued at approximately $7,877,085.84. The disclosure for this sale can be found here.

A number of institutional investors recently made changes to their positions in HRS. Eaton Vance Management increased its position 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 last quarter. State of Tennessee Treasury Department increased its position in shares of Harris Corp. by 242.3% in the fourth quarter. State of Tennessee Treasury Department now owns 64,013 shares of the company’s stock worth $5,563,000 after buying an additional 45,313 shares during the last quarter. I.G. Investment Management LTD. increased 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 worth $9,710,000 after buying an additional 16,400 shares during the last quarter. Finally, Nicholas Co. Inc. WI bought a new position in shares of Harris Corp. during the fourth quarter worth approximately $13,948,000.

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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