Harvest Investment Advisors LLC Invests $2.19 Million in L3Harris Technologies Inc $LHX

Harvest Investment Advisors LLC bought a new position in L3Harris Technologies Inc (NYSE:LHXFree Report) in the 4th quarter, Holdings Channel.com reports. The fund bought 7,443 shares of the company’s stock, valued at approximately $2,185,000. L3Harris Technologies accounts for about 1.2% of Harvest Investment Advisors LLC’s portfolio, making the stock its 23rd largest holding.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Fideuram Asset Management Ireland dac bought a new position in L3Harris Technologies in the fourth quarter worth about $25,000. University of Texas Texas AM Investment Management Co. acquired a new position in L3Harris Technologies in the fourth quarter valued at approximately $25,000. Motiv8 Investments LLC acquired a new position in L3Harris Technologies in the fourth quarter valued at approximately $25,000. Caitlin John LLC acquired a new position in L3Harris Technologies in the third quarter valued at approximately $28,000. Finally, American National Bank & Trust boosted 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 valued at $28,000 after acquiring an additional 30 shares during the period. Institutional investors own 84.76% of the company’s stock.

Insider Activity at L3Harris Technologies

In related news, VP Melanie Rakita sold 2,180 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the vice president owned 4,192 shares in the company, valued at approximately $1,301,406.40. This represents a 34.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

LHX has been the subject of a number of research reports. Weiss Ratings upgraded L3Harris Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. UBS Group decreased their target price on L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating for the company in a research note on Friday, May 1st. Sanford C. Bernstein decreased their target price on L3Harris Technologies to $405.00 and set an “outperform” rating for the company in a research note on Monday, May 4th. Argus upgraded L3Harris Technologies to a “strong-buy” rating in a research note on Friday, February 27th. Finally, Truist Financial upgraded shares of L3Harris Technologies to a “strong-buy” rating in a research report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $354.75.

Read Our Latest Stock Report on LHX

L3Harris Technologies Trading Up 2.2%

Shares of NYSE:LHX opened at $310.95 on Wednesday. The company has a 50 day moving average of $320.96 and a 200-day moving average of $327.93. The firm has a market cap of $57.93 billion, a P/E ratio of 33.76, a P/E/G ratio of 1.54 and a beta of 0.50. L3Harris Technologies Inc has a twelve month low of $243.84 and a twelve month high of $379.23. 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 (NYSE:LHXGet Free Report) last released its earnings results on Thursday, April 30th. The company reported $2.72 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $5.42 billion. During the same period in the prior year, the business earned $2.41 earnings per share. The business’s quarterly 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. As a group, analysts anticipate that L3Harris Technologies Inc will post 11.52 earnings per share for the current fiscal year.

L3Harris Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, June 5th. L3Harris Technologies’s dividend payout ratio is 54.29%.

About L3Harris Technologies

(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.

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

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