Jefferies Financial Group Inc. Sells 8,641 Shares of L3Harris Technologies Inc $LHX

Jefferies Financial Group Inc. lessened its stake in shares of L3Harris Technologies Inc (NYSE:LHX) by 84.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,542 shares of the company’s stock after selling 8,641 shares during the period. Jefferies Financial Group Inc.’s holdings in L3Harris Technologies were worth $453,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Caitlin John LLC bought a new stake in shares of L3Harris Technologies during the third quarter worth $28,000. JPL Wealth Management LLC bought a new stake in shares of L3Harris Technologies in the third quarter worth $29,000. American National Bank & Trust grew its stake in shares of L3Harris Technologies by 44.8% in the fourth quarter. American National Bank & Trust now owns 97 shares of the company’s stock worth $28,000 after purchasing an additional 30 shares during the last quarter. Lloyd Advisory Services LLC. bought a new stake in shares of L3Harris Technologies in the fourth quarter worth $30,000. Finally, Triumph Capital Management bought a new stake in shares of L3Harris Technologies in the third quarter worth $31,000. Institutional investors own 84.76% of the company’s stock.

L3Harris Technologies Price Performance

LHX stock opened at $314.98 on Friday. The firm has a market cap of $58.68 billion, a price-to-earnings ratio of 34.20, a PEG ratio of 1.59 and a beta of 0.51. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 0.47. L3Harris Technologies Inc has a 12-month low of $237.56 and a 12-month high of $379.23. The company’s fifty day simple moving average is $331.41 and its 200 day simple moving average is $325.91.

L3Harris Technologies (NYSE:LHX) last released its earnings results on Thursday, April 30th. The company reported $2.72 earnings per share (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 business had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.42 billion. During the same quarter in the previous year, the business earned $2.41 earnings per share. L3Harris Technologies’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. On average, analysts expect that L3Harris Technologies Inc will post 11.52 earnings per share for the current year.

L3Harris Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be issued a dividend of $1.25 per share. The ex-dividend date is Friday, June 5th. This represents a $5.00 annualized dividend and a dividend yield of 1.6%. L3Harris Technologies’s dividend payout ratio is currently 54.29%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on LHX shares. Truist Financial raised shares of L3Harris Technologies to a “strong-buy” rating in a research note on Friday, May 1st. Weiss Ratings raised shares of L3Harris Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. Argus raised shares of L3Harris Technologies to a “strong-buy” rating in a research note on Friday, February 27th. Citigroup boosted their target price on shares of L3Harris Technologies from $389.00 to $418.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Finally, UBS Group dropped their target price on shares of L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating on the stock in a report on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $354.75.

Insider Activity

In other news, VP Melanie Rakita sold 2,180 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $310.45, for a total transaction of $676,781.00. Following the transaction, the vice president owned 4,192 shares in the company, valued at approximately $1,301,406.40. This represents a 34.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Samir Mehta 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 transaction, the insider owned 7,756 shares in the company, valued at $2,872,201.92. This represents a 41.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 13,987 shares of company stock worth $5,049,149. Company insiders own 0.68% of the company’s stock.

L3Harris Technologies Company 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.