The President of Harris (HRS) is Selling Shares

Today, the President of Harris (NYSE: HRS), Christopher D. Young, sold shares of HRS for $3.99M.

Following Christopher D. Young’s last HRS Sell transaction on August 11, 2017, the stock climbed by 47.5%.

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Based on Harris’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.67 billion and quarterly net profit of $216 million. In comparison, last year the company earned revenue of $1.54 billion and had a net profit of $139 million. HRS’s market cap is $19.34B and the company has a P/E ratio of 27.65. Currently, Harris has an average volume of 434.9K.

Based on 8 analyst ratings, the analyst consensus is Strong Buy with an average price target of $184.86, reflecting a 12.2% upside.

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Harris Corp. engages in the provision of technology-based solutions for tactical communications, geospatial systems and services, air traffic management, avionics and electronic warfare, and space and intelligence. It operates through the following business segments: Communication Systems, Electronic Systems, Space and Intelligence Systems, and Corporate.

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