L3Harris Technologies Inc $LHX Shares Acquired by Capital International Sarl

Capital International Sarl lifted its stake in shares of L3Harris Technologies Inc (NYSE:LHXFree Report) by 39.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 59,501 shares of the company’s stock after acquiring an additional 16,772 shares during the period. Capital International Sarl’s holdings in L3Harris Technologies were worth $17,468,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in LHX. Fideuram Asset Management Ireland dac acquired a new stake in shares of L3Harris Technologies during the fourth quarter valued at $25,000. Caitlin John LLC acquired a new stake in L3Harris Technologies in the 3rd quarter worth about $28,000. American National Bank & Trust boosted its stake 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. Finally, Lloyd Advisory Services LLC. acquired a new stake in L3Harris Technologies in the 4th quarter worth about $30,000. Institutional investors and hedge funds own 84.76% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on LHX shares. Truist Financial raised L3Harris Technologies to a “strong-buy” rating in a research note on Friday, May 1st. Wall Street Zen raised L3Harris Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Weiss Ratings raised L3Harris Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. UBS Group decreased their price target on L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating on the stock in a research note on Friday, May 1st. Finally, Sanford C. Bernstein decreased their price target on L3Harris Technologies to $405.00 and set an “outperform” rating on the stock in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $354.75.

Check Out Our Latest Analysis on LHX

L3Harris Technologies Stock Performance

L3Harris Technologies stock opened at $307.99 on Friday. The stock’s 50-day moving average is $326.90 and its 200-day moving average is $326.35. The company has a market cap of $57.37 billion, a price-to-earnings ratio of 33.44, a price-to-earnings-growth ratio of 1.56 and a beta of 0.50. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.03 and a quick ratio of 0.89. L3Harris Technologies Inc has a 12 month low of $237.56 and a 12 month high of $379.23.

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

L3Harris Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be issued 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 is Friday, June 5th. L3Harris Technologies’s dividend payout ratio (DPR) is 54.29%.

Insider Activity at L3Harris Technologies

In other news, VP Melanie Rakita sold 2,180 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $310.45, for a total value of $676,781.00. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.68% of the stock is currently owned by company insiders.

L3Harris Technologies Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for L3Harris Technologies (NYSE:LHX)

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