Colrain Capital LLC Decreases Stake in L3Harris Technologies Inc $LHX

Colrain Capital LLC lowered its position in L3Harris Technologies Inc (NYSE:LHXFree Report) by 32.4% in the fourth quarter, Holdings Channel reports. The fund owned 13,390 shares of the company’s stock after selling 6,410 shares during the period. L3Harris Technologies makes up approximately 2.2% of Colrain Capital LLC’s portfolio, making the stock its 19th biggest holding. Colrain Capital LLC’s holdings in L3Harris Technologies were worth $3,931,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in LHX. Fideuram Asset Management Ireland dac purchased a new position in L3Harris Technologies in the fourth quarter worth approximately $25,000. Caitlin John LLC purchased a new position in L3Harris Technologies in the third quarter worth approximately $28,000. American National Bank & Trust lifted its stake in L3Harris Technologies by 44.8% in the fourth quarter. American National Bank & Trust now owns 97 shares of the company’s stock worth $28,000 after acquiring an additional 30 shares during the last quarter. JPL Wealth Management LLC purchased a new position in L3Harris Technologies in the third quarter worth approximately $29,000. Finally, Lloyd Advisory Services LLC. purchased a new position in L3Harris Technologies in the fourth quarter worth approximately $30,000. Hedge funds and other institutional investors own 84.76% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on LHX. Truist Financial upgraded shares of L3Harris Technologies to a “strong-buy” rating in a research note on Friday, May 1st. Argus upgraded shares of L3Harris Technologies to a “strong-buy” rating in a research report on Friday, February 27th. UBS Group reduced their price objective on shares of L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating for the company in a research report on Friday, May 1st. Sanford C. Bernstein reduced their price objective on shares of L3Harris Technologies to $405.00 and set an “outperform” rating for the company in a research report on Monday, May 4th. Finally, Wall Street Zen upgraded shares of L3Harris Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, L3Harris Technologies has an average rating of “Moderate Buy” and a consensus price target of $354.75.

Read Our Latest Stock Report on LHX

Insider Activity at L3Harris Technologies

In other news, VP Melanie Rakita sold 2,180 shares of L3Harris Technologies stock in a transaction on Tuesday, May 5th. The shares were 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 of the company’s stock, valued at $1,301,406.40. The trade was a 34.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.68% of the stock is owned by insiders.

L3Harris Technologies Stock Up 3.0%

Shares of NYSE:LHX opened at $312.01 on Friday. The company has a market capitalization of $58.12 billion, a PE ratio of 33.88, a P/E/G ratio of 1.53 and a beta of 0.50. The company has a current ratio of 1.03, a quick ratio of 0.89 and a debt-to-equity ratio of 0.47. L3Harris Technologies Inc has a twelve month low of $243.84 and a twelve month high of $379.23. The firm has a 50 day simple moving average of $323.86 and a 200-day simple moving average of $327.27.

L3Harris Technologies (NYSE:LHXGet Free Report) last issued its quarterly earnings data on Thursday, April 30th. The company reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.19. The business had revenue of $5.74 billion during 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.41 EPS. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. On average, equities analysts predict that L3Harris Technologies Inc will post 11.52 EPS for the current fiscal year.

L3Harris Technologies Announces Dividend

The firm also recently announced 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 of this dividend is Friday, June 5th. L3Harris Technologies’s payout ratio is presently 54.29%.

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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