Jupiter Asset Management Ltd. Has $10.07 Million Stock Position in L3Harris Technologies Inc $LHX

Jupiter Asset Management Ltd. increased its position in L3Harris Technologies Inc (NYSE:LHX) by 146.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,292 shares of the company’s stock after purchasing an additional 20,385 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in L3Harris Technologies were worth $10,067,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Caitlin John LLC acquired a new stake in L3Harris Technologies during the 3rd quarter worth $28,000. American National Bank & Trust grew its holdings in L3Harris Technologies by 44.8% during the 4th quarter. American National Bank & Trust now owns 97 shares of the company’s stock worth $28,000 after acquiring an additional 30 shares during the period. JPL Wealth Management LLC acquired a new stake in L3Harris Technologies during the 3rd quarter worth $29,000. Lloyd Advisory Services LLC. acquired a new stake in L3Harris Technologies during the 4th quarter worth $30,000. Finally, Triumph Capital Management acquired a new stake in L3Harris Technologies during the 3rd quarter worth $31,000. Institutional investors and hedge funds own 84.76% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on LHX. UBS Group decreased their target price on L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating for the company in a research report on Friday, May 1st. Wolfe Research restated an “outperform” rating on shares of L3Harris Technologies in a research report on Friday, January 30th. Wall Street Zen upgraded L3Harris Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. JPMorgan Chase & Co. boosted their target price on L3Harris Technologies from $340.00 to $395.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. Finally, Royal Bank Of Canada boosted their target price on L3Harris Technologies from $360.00 to $365.00 and gave the stock a “sector perform” rating in a research report on Friday, January 30th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $354.75.

L3Harris Technologies Price Performance

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

L3Harris Technologies (NYSE:LHX) last issued its quarterly earnings data 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 return on equity of 10.65% and a net margin of 7.71%.The business had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.42 billion. During the same period in the previous year, the firm earned $2.41 EPS. L3Harris Technologies’s quarterly revenue was up 11.9% compared to the same quarter last year. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. On average, equities research analysts forecast that L3Harris Technologies Inc will post 11.52 earnings per share for the current year.

L3Harris Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be given a $1.25 dividend. 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 payout ratio is currently 54.29%.

Insider Activity at L3Harris Technologies

In related news, VP Melanie Rakita sold 2,180 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $310.45, for a total value of $676,781.00. Following the completion of the transaction, the vice president directly owned 4,192 shares of the company’s stock, valued at approximately $1,301,406.40. This represents a 34.21% decrease in their position. 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 Jon Rambeau sold 5,528 shares of the company’s stock in a transaction on Monday, March 2nd. The stock was 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 13,987 shares of company stock worth $5,049,149. 0.68% of the stock is owned by company insiders.

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.