Victory Capital Management Inc. Grows Position in L3Harris Technologies Inc $LHX

Victory Capital Management Inc. raised its stake in L3Harris Technologies Inc (NYSE:LHX) by 1,053.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,181,900 shares of the company’s stock after acquiring an additional 1,079,474 shares during the quarter. Victory Capital Management Inc. owned approximately 0.63% of L3Harris Technologies worth $360,964,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Caitlin John LLC purchased a new position in L3Harris Technologies in the 3rd quarter valued at about $28,000. GGM Financials LLC purchased a new position in shares of L3Harris Technologies during the third quarter valued at approximately $32,000. Twin Peaks Wealth Advisors LLC acquired a new stake in L3Harris Technologies during the second quarter worth approximately $34,000. Salomon & Ludwin LLC purchased a new stake in L3Harris Technologies in the 3rd quarter worth approximately $34,000. Finally, Rakuten Securities Inc. raised its holdings in L3Harris Technologies by 234.8% in the 2nd quarter. Rakuten Securities Inc. now owns 154 shares of the company’s stock valued at $39,000 after acquiring an additional 108 shares during the last quarter. Institutional investors and hedge funds own 84.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LHX. Wall Street Zen downgraded L3Harris Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Susquehanna restated a “positive” rating on shares of L3Harris Technologies in a report on Thursday, January 15th. Royal Bank Of Canada upped their price objective on shares of L3Harris Technologies from $360.00 to $365.00 and gave the company a “sector perform” rating in a research note on Friday, January 30th. Argus raised shares of L3Harris Technologies to a “strong-buy” rating in a research report on Friday. Finally, JPMorgan Chase & Co. upped their price target on shares of L3Harris Technologies from $340.00 to $395.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, L3Harris Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $328.57.

L3Harris Technologies Trading Up 3.9%

Shares of LHX opened at $378.63 on Tuesday. L3Harris Technologies Inc has a 12 month low of $195.72 and a 12 month high of $379.23. The stock’s 50-day moving average is $337.11 and its two-hundred day moving average is $303.41. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.19 and a quick ratio of 1.02. The stock has a market cap of $70.72 billion, a PE ratio of 44.39, a P/E/G ratio of 2.63 and a beta of 0.63.

L3Harris Technologies (NYSE:LHX) last announced its earnings results on Thursday, January 29th. The company reported $2.86 EPS for the quarter, beating the consensus estimate of $2.76 by $0.10. The business had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.76 billion. L3Harris Technologies had a return on equity of 10.43% and a net margin of 7.35%.The company’s revenue was up 2.3% on a year-over-year basis. During the same period last year, the business posted $3.47 EPS. Equities analysts forecast that L3Harris Technologies Inc will post 11.12 earnings per share for the current fiscal year.

L3Harris Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 6th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.3%. This is a boost from L3Harris Technologies’s previous quarterly dividend of $1.20. The ex-dividend date is Friday, March 6th. L3Harris Technologies’s payout ratio is currently 56.27%.

L3Harris Technologies News Summary

Here are the key news stories impacting L3Harris Technologies this week:

• Positive Sentiment: Management change accelerates missile push — L3Harris named Ken Sharp as CFO (effective Mar 16) and will have Ken Bedingfield focus exclusively on scaling Missile Solutions and solid rocket motor production, with the unit being prepared for an eventual IPO. This sharpens strategic focus on a high-growth, defense-priority segment and can drive valuation upside. Read More.
• Positive Sentiment: Analyst upgrade — Argus upgraded LHX, supporting near-term investor demand and validating management’s outlook. Such upgrades can attract buyers and lift the stock. Read More.
• Positive Sentiment: Dividend raise and recent earnings — The company recently increased its quarterly dividend and reported an EPS beat for the prior quarter, reinforcing cash-return credibility and showing solid profitability trends. These fundamentals underpin the positive tone. Read More.
• Neutral Sentiment: Mixed analyst views — Several firms have adjusted price targets (some higher) but ratings are mixed across analysts; consensus remains a moderate buy, so margin for upside depends on execution and missile-segment progress. Read More.
• Negative Sentiment: Large insider sell — Samir Mehta sold 5,528 shares at an average of $370.32 (~$2.05M), cutting his stake by ~41.6%; heavy insider sell-offs can be read as reduced insider conviction. Read More.
• Negative Sentiment: Another sizeable insider sell — Jon Rambeau also sold 5,528 shares at ~$370.32 (~$2.05M), reducing his ownership by ~41.9%; multiple large, near-simultaneous insider sales amplify the potential negative signal. Read More.
• Negative Sentiment: VP sales add to selling pressure — Melanie Rakita disclosed sales totaling 3,129 shares across Feb 26 and Mar 2 (~$1.09M), representing notable reductions in her holdings; more insider selling that may cause caution among investors. Read More.

Insider Activity at L3Harris Technologies

In related news, VP Melanie Rakita sold 751 shares of L3Harris Technologies stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $370.32, for a total transaction of $278,110.32. Following the sale, the vice president owned 4,131 shares of the company’s stock, valued at $1,529,791.92. The trade was a 15.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jon Rambeau sold 5,528 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $370.32, for a total transaction of $2,047,128.96. Following the completion of the transaction, the insider directly owned 7,660 shares of the company’s stock, valued at approximately $2,836,651.20. The trade was a 41.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 19,025 shares of company stock valued at $6,824,370. Corporate insiders own 0.72% of the company’s stock.

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.