L3Harris Technologies Inc $LHX Shares Bought by M&T Bank Corp

M&T Bank Corp raised its position in L3Harris Technologies Inc (NYSE:LHX) by 16.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,704 shares of the company’s stock after buying an additional 2,041 shares during the period. M&T Bank Corp’s holdings in L3Harris Technologies were worth $4,317,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Caitlin John LLC acquired a new stake in L3Harris Technologies in the 3rd quarter worth about $28,000. American National Bank & Trust boosted its holdings in L3Harris Technologies by 44.8% in 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 during the last quarter. JPL Wealth Management LLC acquired a new stake in L3Harris Technologies in the 3rd quarter worth about $29,000. Triumph Capital Management acquired a new stake in L3Harris Technologies in the 3rd quarter worth about $31,000. Finally, GGM Financials LLC acquired a new stake in L3Harris Technologies in the 3rd quarter worth about $32,000. 84.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on LHX. UBS Group lowered their price objective on L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating on the stock in a report on Friday, May 1st. Weiss Ratings cut L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, April 29th. Wolfe Research reiterated an “outperform” rating on shares of L3Harris Technologies in a report on Friday, January 30th. Argus raised shares of L3Harris Technologies to a “strong-buy” rating in a research note on Friday, February 27th. Finally, Susquehanna reissued a “positive” rating on shares of L3Harris Technologies in a research note on Thursday, January 15th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $354.75.

L3Harris Technologies Trading Up 0.1%

LHX opened at $302.85 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.03 and a quick ratio of 0.89. The company’s 50 day simple moving average is $350.09 and its two-hundred day simple moving average is $323.94. L3Harris Technologies Inc has a 1-year low of $214.10 and a 1-year high of $379.23. The firm has a market capitalization of $56.42 billion, a price-to-earnings ratio of 32.88, a price-to-earnings-growth ratio of 1.53 and a beta of 0.51.

L3Harris Technologies (NYSE:LHX) last released its earnings results on Thursday, April 30th. The company reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates 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 period last year, the company posted $2.41 EPS. The business’s revenue was up 11.9% on a year-over-year basis. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. Analysts expect that L3Harris Technologies Inc will post 11.54 EPS for the current fiscal year.

L3Harris Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, June 5th. L3Harris Technologies’s dividend payout ratio (DPR) is 54.29%.

Insiders Place Their Bets

In other news, insider Jon Rambeau sold 5,528 shares of L3Harris Technologies stock in a transaction that occurred on 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 sale, the insider 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Melanie Rakita sold 2,378 shares of L3Harris Technologies stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $341.45, for a total transaction of $811,968.10. Following the sale, the vice president directly owned 4,882 shares in the company, valued at approximately $1,666,958.90. The trade was a 32.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 16,365 shares of company stock valued at $5,861,117 in the last ninety days. 0.68% of the stock is currently owned by corporate 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.