Mondrian Investment Partners LTD reduced its stake in shares of L3Harris Technologies Inc (NYSE:LHX – Free Report) by 25.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 200,687 shares of the company’s stock after selling 67,880 shares during the period. Mondrian Investment Partners LTD’s holdings in L3Harris Technologies were worth $58,916,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in LHX. Brighton Jones LLC lifted its holdings in shares of L3Harris Technologies by 233.9% during the 4th quarter. Brighton Jones LLC now owns 4,284 shares of the company’s stock worth $901,000 after acquiring an additional 3,001 shares during the last quarter. Jump Financial LLC lifted its stake in L3Harris Technologies by 14.9% in the second quarter. Jump Financial LLC now owns 2,995 shares of the company’s stock worth $751,000 after purchasing an additional 388 shares during the last quarter. NewEdge Advisors LLC lifted its stake in L3Harris Technologies by 14.2% in the second quarter. NewEdge Advisors LLC now owns 17,082 shares of the company’s stock worth $4,285,000 after purchasing an additional 2,130 shares during the last quarter. Nebula Research & Development LLC bought a new stake in L3Harris Technologies in the second quarter worth $856,000. Finally, CIBC Asset Management Inc lifted its stake in L3Harris Technologies by 116.2% in the second quarter. CIBC Asset Management Inc now owns 61,988 shares of the company’s stock worth $15,549,000 after purchasing an additional 33,321 shares during the last quarter. 84.76% of the stock is owned by institutional investors.
Insider Buying and Selling at L3Harris Technologies
In other L3Harris Technologies news, VP Melanie Rakita sold 2,378 shares of the business’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $341.45, for a total value of $811,968.10. Following the transaction, the vice president owned 4,882 shares in the company, valued at approximately $1,666,958.90. The trade was a 32.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Samir Mehta sold 5,528 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider owned 7,756 shares in the company, valued at $2,872,201.92. The trade was a 41.61% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 16,365 shares of company stock worth $5,861,117. 0.68% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on L3Harris Technologies
L3Harris Technologies Stock Performance
L3Harris Technologies stock opened at $312.12 on Friday. The firm has a fifty day simple moving average of $336.51 and a two-hundred day simple moving average of $325.05. L3Harris Technologies Inc has a twelve month low of $235.72 and a twelve month high of $379.23. The company has a market capitalization of $58.15 billion, a PE ratio of 33.89, a P/E/G ratio of 1.58 and a beta of 0.51. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 0.47.
L3Harris Technologies (NYSE:LHX – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The company reported $2.72 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.42 billion. During the same quarter in the previous year, the company earned $2.41 earnings per share. The company’s revenue for the quarter 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. Research analysts expect that L3Harris Technologies Inc will post 11.52 EPS for the current year.
L3Harris Technologies Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.6%. L3Harris Technologies’s payout ratio is presently 54.29%.
L3Harris Technologies 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.
Featured Stories
- Five stocks we like better than L3Harris Technologies
- Workday Validates AI Flywheel: Stock Price Recovery Begins
- HubSpot at 2019 Levels Is an Opportunity—Not a Warning
- Was Decker’s Double Beat a Bullish Signal—Or Mere HOKA’s-Pocus?
- Kiniksa Pharmaceuticals Still Has Room to Run After 100% Rally
Want to see what other hedge funds are holding LHX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for L3Harris Technologies Inc (NYSE:LHX – Free Report).
Receive News & Ratings for L3Harris Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for L3Harris Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
