L3Harris Technologies Inc $LHX Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC boosted its holdings in shares of L3Harris Technologies Inc (NYSE:LHX) by 41.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,663 shares of the company’s stock after buying an additional 10,757 shares during the quarter. Intech Investment Management LLC’s holdings in L3Harris Technologies were worth $10,763,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Caitlin John LLC acquired a new stake in L3Harris Technologies during the 3rd quarter worth approximately $28,000. American National Bank & Trust lifted 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 buying an additional 30 shares in the last quarter. JPL Wealth Management LLC acquired a new stake in L3Harris Technologies during the 3rd quarter worth approximately $29,000. Lloyd Advisory Services LLC. acquired a new stake in L3Harris Technologies during the 4th quarter worth approximately $30,000. Finally, Triumph Capital Management acquired a new stake in L3Harris Technologies during the 3rd quarter worth approximately $31,000. 84.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at L3Harris Technologies

In related news, insider Jon Rambeau sold 5,528 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $370.32, for a total value of $2,047,128.96. Following the transaction, the insider directly owned 7,660 shares of the company’s stock, valued at $2,836,651.20. This trade represents a 41.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Melanie Rakita sold 2,180 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $310.45, for a total transaction of $676,781.00. Following the completion of the transaction, the vice president directly owned 4,192 shares in the company, valued at $1,301,406.40. This trade represents a 34.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 13,987 shares of company stock valued at $5,049,149 in the last ninety days. Insiders own 0.68% of the company’s stock.

L3Harris Technologies Trading Up 0.1%

Shares of NYSE:LHX opened at $314.98 on Friday. L3Harris Technologies Inc has a 52 week low of $237.56 and a 52 week high of $379.23. The company’s 50 day moving average is $331.41 and its two-hundred day moving average is $325.91. The company has a current ratio of 1.03, a quick ratio of 0.89 and a debt-to-equity ratio of 0.47. The company has a market cap of $58.68 billion, a PE ratio of 34.20, a P/E/G ratio of 1.59 and a beta of 0.51.

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

L3Harris Technologies Dividend Announcement

The business also recently announced 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. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, June 5th. L3Harris Technologies’s dividend payout ratio (DPR) is 54.29%.

Analyst Upgrades and Downgrades

LHX has been the topic of a number of recent analyst reports. Morgan Stanley increased their price objective on shares of L3Harris Technologies from $367.00 to $390.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. Argus raised shares of L3Harris Technologies to a “strong-buy” rating in a research report on Friday, February 27th. Wolfe Research reissued an “outperform” rating on shares of L3Harris Technologies in a research report on Friday, January 30th. UBS Group dropped their price objective on shares of L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating on the stock in a research report on Friday, May 1st. Finally, Citigroup increased their price objective on shares of L3Harris Technologies from $389.00 to $418.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $354.75.

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.