Harris Corporation (HRS) : Graticule Asia Macro Advisors added new position in Harris Corporation during the most recent quarter end. The investment management firm now holds 249,882 shares of Harris Corporation which is valued at $19 Million , the company said in a statement filed on May 13, 2016 with the SEC.Harris Corporation makes up approximately 5.96% of Graticule Asia Macro Advisors’s portfolio.
Other Hedge Funds, Including , Herndon Capital Management reduced its stake in HRS by selling 185,428 shares or 14.23% in the most recent quarter. The Hedge Fund company now holds 1,117,426 shares of HRS which is valued at $84.8 Million. Harris Corporation makes up approx 2.20% of Herndon Capital Management’s portfolio.Norges Bank reduced its stake in HRS by selling 84,461 shares or 6.19% in the most recent quarter. The Hedge Fund company now holds 1,280,692 shares of HRS which is valued at $97.2 Million. Harris Corporation makes up approx 0.05% of Norges Bank’s portfolio.Liberty Mutual Group Asset Management boosted its stake in HRS in the latest quarter, The investment management firm added 519 additional shares and now holds a total of 7,795 shares of Harris Corporation which is valued at $581,429. Harris Corporation makes up approx 0.02% of Liberty Mutual Group Asset Management’s portfolio. Stephens Inc Ar sold out all of its stake in HRS during the most recent quarter. The investment firm sold 3,474 shares of HRS which is valued $259,126.
Harris Corporation opened for trading at $79.04 and hit $79.79 on the upside on Wednesday, eventually ending the session at $79.36, with a gain of 0.48% or 0.38 points. The heightened volatility saw the trading volume jump to 5,92,856 shares. Company has a market cap of $9,898 M.
On the company’s financial health, Harris Corporation reported $1.45 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on May 3, 2016. Analyst had a consensus of $1.39. The company had revenue of $1909.00 million for the quarter, compared to analysts expectations of $1920.39 million. The company’s revenue was up 60.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.32 EPS.
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. The RF Communications segment is engaged in serving the United States Department of Defense (DoD) and International Tactical Communications and public safety and professional communications markets. The Government Communications Systems segment is engaged in serving civil national intelligence and defense markets. The Integrated Network Solutions segment is engaged in serving information technology (IT) services and managed satellite and terrestrial communications solutions markets. The Exelis segment provides positioning and navigation sensors air traffic management solutions image processing and distribution communications and information systems.