L3Harris Technologies Inc $LHX Position Increased by Glass Wealth Management Co LLC

Glass Wealth Management Co LLC grew its position in shares of L3Harris Technologies Inc (NYSE:LHX) by 1.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,520 shares of the company’s stock after acquiring an additional 195 shares during the quarter. L3Harris Technologies comprises about 2.3% of Glass Wealth Management Co LLC’s investment portfolio, making the stock its 12th largest holding. Glass Wealth Management Co LLC’s holdings in L3Harris Technologies were worth $4,395,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Grimes & Company Inc. boosted its holdings in shares of L3Harris Technologies by 6.2% during the second quarter. Grimes & Company Inc. now owns 1,311 shares of the company’s stock valued at $329,000 after acquiring an additional 77 shares during the period. Keudell Morrison Wealth Management grew its holdings in L3Harris Technologies by 2.5% in the 2nd quarter. Keudell Morrison Wealth Management now owns 4,504 shares of the company’s stock worth $1,130,000 after buying an additional 108 shares in the last quarter. Simplicity Wealth LLC bought a new position in L3Harris Technologies in the 2nd quarter worth approximately $318,000. OLD National Bancorp IN increased its position in L3Harris Technologies by 64.9% in the 2nd quarter. OLD National Bancorp IN now owns 2,663 shares of the company’s stock valued at $668,000 after acquiring an additional 1,048 shares during the period. Finally, Wealthcare Advisory Partners LLC raised its stake in L3Harris Technologies by 10.1% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 1,434 shares of the company’s stock valued at $360,000 after acquiring an additional 131 shares in the last quarter. Institutional investors and hedge funds own 84.76% of the company’s stock.

Insider Buying and Selling at L3Harris Technologies

In other news, CEO Christopher E. Kubasik sold 83,000 shares of the firm’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $279.90, for a total transaction of $23,231,700.00. Following the completion of the transaction, the chief executive officer owned 145,578 shares in the company, valued at approximately $40,747,282.20. This trade represents a 36.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In the last three months, insiders have sold 195,138 shares of company stock worth $53,571,774. Company insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Wall Street Zen raised L3Harris Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 22nd. UBS Group increased their target price on shares of L3Harris Technologies from $262.00 to $280.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. Sanford C. Bernstein reissued an “outperform” rating on shares of L3Harris Technologies in a research note on Monday, July 14th. Royal Bank Of Canada boosted their price target on shares of L3Harris Technologies from $265.00 to $280.00 and gave the stock a “sector perform” rating in a research report on Friday, July 25th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of L3Harris Technologies in a report on Saturday, September 27th. Fourteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $279.47.

L3Harris Technologies Stock Performance

NYSE:LHX opened at $297.52 on Monday. L3Harris Technologies Inc has a twelve month low of $193.09 and a twelve month high of $305.94. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 0.57. The company has a 50-day moving average of $279.07 and a 200-day moving average of $250.10. The firm has a market cap of $55.67 billion, a price-to-earnings ratio of 33.24, a price-to-earnings-growth ratio of 2.17 and a beta of 0.76.

L3Harris Technologies (NYSE:LHX) last posted its quarterly earnings data on Thursday, July 24th. The company reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.30. L3Harris Technologies had a net margin of 7.94% and a return on equity of 11.82%. The company had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.31 billion. During the same quarter last year, the firm posted $3.24 EPS. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. L3Harris Technologies has set its FY 2025 guidance at 10.400-10.600 EPS. Analysts forecast that L3Harris Technologies Inc will post 11.12 earnings per share for the current fiscal year.

L3Harris Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 22nd. Stockholders of record on Friday, September 5th were given a dividend of $1.20 per share. The ex-dividend date was Friday, September 5th. This represents a $4.80 annualized dividend and a dividend yield of 1.6%. L3Harris Technologies’s dividend payout ratio (DPR) is 53.63%.

L3Harris Technologies Company Profile

L3Harris Technologies, Inc provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides intelligence, surveillance, and reconnaissance (ISR) systems, passive sensing and targeting, electronic attack, autonomy, power and communications, and networks and sensors, as well as advanced combat systems for air, land, and sea sectors.