2,758 Shares in L3Harris Technologies Inc $LHX Acquired by Larry Mathis Financial Planning LLC

Larry Mathis Financial Planning LLC purchased a new position in L3Harris Technologies Inc (NYSE:LHX) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,758 shares of the company’s stock, valued at approximately $810,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Corient Private Wealth LLC lifted its holdings in shares of L3Harris Technologies by 3.1% in the 4th quarter. Corient Private Wealth LLC now owns 97,460 shares of the company’s stock worth $28,612,000 after purchasing an additional 2,907 shares in the last quarter. Hsbc Holdings PLC increased its stake in L3Harris Technologies by 1.4% during the 4th quarter. Hsbc Holdings PLC now owns 344,308 shares of the company’s stock valued at $101,168,000 after purchasing an additional 4,640 shares in the last quarter. Bayban bought a new stake in L3Harris Technologies during the 4th quarter valued at $35,000. Taylor Securities Services Inc. acquired a new position in L3Harris Technologies during the fourth quarter worth $837,000. Finally, Pure Financial Advisors LLC lifted its stake in shares of L3Harris Technologies by 36.1% in the fourth quarter. Pure Financial Advisors LLC now owns 2,268 shares of the company’s stock valued at $666,000 after buying an additional 602 shares in the last quarter. Institutional investors and hedge funds own 84.76% of the company’s stock.

Insider Activity at L3Harris Technologies

In related news, VP Melanie Rakita sold 2,180 shares of L3Harris Technologies stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $310.45, for a total transaction of $676,781.00. Following the sale, the vice president directly owned 4,192 shares in the company, valued at approximately $1,301,406.40. This trade represents a 34.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LHX. Sanford C. Bernstein reduced their price objective on shares of L3Harris Technologies to $405.00 and set an “outperform” rating for the company in a report on Monday, May 4th. Wall Street Zen raised shares of L3Harris Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. UBS Group cut their price target on L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating for the company in a research note on Friday, May 1st. Truist Financial raised L3Harris Technologies to a “strong-buy” rating in a report on Friday, May 1st. Finally, Argus raised L3Harris Technologies to a “strong-buy” rating in a research note on Friday, February 27th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $354.75.

L3Harris Technologies Stock Up 0.1%

L3Harris Technologies stock opened at $294.98 on Friday. L3Harris Technologies Inc has a fifty-two week low of $243.84 and a fifty-two week high of $379.23. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.89 and a current ratio of 1.03. The firm’s 50-day simple moving average is $317.53 and its 200 day simple moving average is $328.08. The stock has a market cap of $54.95 billion, a PE ratio of 32.03, a price-to-earnings-growth ratio of 1.49 and a beta of 0.50.

L3Harris Technologies (NYSE:LHX) last posted its quarterly earnings data on Thursday, April 30th. The company reported $2.72 EPS for the quarter, beating the consensus estimate of $2.53 by $0.19. L3Harris Technologies had a net margin of 7.71% and a return on equity of 10.65%. The firm had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.42 billion. During the same quarter last year, the business posted $2.41 EPS. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. Research analysts predict that L3Harris Technologies Inc will post 11.52 EPS for the current fiscal year.

L3Harris Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, June 5th. L3Harris Technologies’s dividend payout ratio (DPR) is presently 54.29%.

L3Harris Technologies Profile

L3Harris Technologies (NYSE: LHX) is an American aerospace and defense company formed in 2019 through the combination of L3 Technologies and Harris Corporation. Headquartered in Melbourne, Florida, the company designs, manufactures and supports a broad range of technology solutions for government and commercial customers, with a particular emphasis on defense, intelligence and public safety applications.

The company’s offerings span communications systems, avionics, electronic warfare, intelligence, surveillance and reconnaissance (ISR) sensors, space systems and mission integration.