L3Harris Technologies Inc $LHX Shares Sold by Mattson Financial Services LLC

Mattson Financial Services LLC trimmed its holdings in L3Harris Technologies Inc (NYSE:LHX) by 2.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,140 shares of the company’s stock after selling 86 shares during the quarter. Mattson Financial Services LLC’s holdings in L3Harris Technologies were worth $1,039,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LHX. Brighton Jones LLC boosted its holdings in L3Harris Technologies by 233.9% in the fourth quarter. Brighton Jones LLC now owns 4,284 shares of the company’s stock valued at $901,000 after purchasing an additional 3,001 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its holdings in L3Harris Technologies by 11.6% in the first quarter. Dynamic Advisor Solutions LLC now owns 1,559 shares of the company’s stock valued at $326,000 after purchasing an additional 162 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in L3Harris Technologies by 7.9% in the first quarter. Exchange Traded Concepts LLC now owns 4,181 shares of the company’s stock valued at $875,000 after purchasing an additional 305 shares in the last quarter. Sowell Financial Services LLC acquired a new position in L3Harris Technologies in the first quarter valued at approximately $216,000. Finally, CENTRAL TRUST Co boosted its holdings in L3Harris Technologies by 12.9% in the first quarter. CENTRAL TRUST Co now owns 5,897 shares of the company’s stock valued at $1,234,000 after purchasing an additional 674 shares in the last quarter. 84.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at L3Harris Technologies

In related news, CEO Christopher E. Kubasik sold 83,000 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $279.90, for a total transaction of $23,231,700.00. Following the completion of the sale, the chief executive officer directly owned 145,578 shares of the company’s stock, valued at $40,747,282.20. This trade represents a 36.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 195,138 shares of company stock worth $53,571,774 over the last three months. 0.72% of the stock is owned by company insiders.

L3Harris Technologies Price Performance

Shares of NYSE LHX opened at $284.28 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.04 and a quick ratio of 0.87. The stock has a fifty day moving average price of $282.94 and a 200 day moving average price of $254.90. L3Harris Technologies Inc has a 1-year low of $193.09 and a 1-year high of $308.12. The company has a market cap of $53.19 billion, a PE ratio of 31.76, a P/E/G ratio of 2.12 and a beta of 0.76.

L3Harris Technologies (NYSE:LHX) last issued its quarterly earnings results on Thursday, July 24th. The company reported $2.78 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.30. L3Harris Technologies had a return on equity of 11.82% and a net margin of 7.94%.The firm had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.31 billion. During the same period last year, the company earned $3.24 earnings per share. The company’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. Sell-side analysts forecast that L3Harris Technologies Inc will post 11.12 EPS for the current year.

L3Harris Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Monday, November 17th will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $4.80 annualized dividend and a dividend yield of 1.7%. L3Harris Technologies’s dividend payout ratio (DPR) is currently 53.63%.

Analyst Ratings Changes

LHX has been the subject of several research analyst reports. Robert W. Baird increased their price objective on L3Harris Technologies from $274.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, July 25th. Susquehanna increased their price objective on L3Harris Technologies from $300.00 to $320.00 and gave the company a “positive” rating in a report on Friday, July 25th. Wall Street Zen raised L3Harris Technologies from a “hold” rating to a “buy” rating in a report on Friday, August 22nd. Sanford C. Bernstein reissued an “outperform” rating on shares of L3Harris Technologies in a report on Monday, July 14th. Finally, Morgan Stanley increased their price objective on L3Harris Technologies from $250.00 to $350.00 and gave the company an “equal weight” rating in a report on Wednesday. Thirteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $287.63.

L3Harris Technologies 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.