Themes Management Co LLC boosted its position in L3Harris Technologies Inc (NYSE:LHX – Free Report) by 68.1% during the first quarter, Holdings Channel reports. The fund owned 9,245 shares of the company’s stock after acquiring an additional 3,745 shares during the period. L3Harris Technologies comprises 2.0% of Themes Management Co LLC’s holdings, making the stock its 8th biggest holding. Themes Management Co LLC’s holdings in L3Harris Technologies were worth $3,191,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in LHX. Allstate Corp raised its stake in shares of L3Harris Technologies by 106.7% during the fourth quarter. Allstate Corp now owns 13,985 shares of the company’s stock worth $4,106,000 after acquiring an additional 7,219 shares in the last quarter. Whalen Wealth Management Inc. purchased a new stake in shares of L3Harris Technologies in the 4th quarter valued at $907,000. Swiss National Bank boosted its stake in shares of L3Harris Technologies by 7.1% in the 1st quarter. Swiss National Bank now owns 549,029 shares of the company’s stock valued at $189,497,000 after purchasing an additional 36,320 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of L3Harris Technologies by 23.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 221,141 shares of the company’s stock valued at $64,920,000 after purchasing an additional 41,414 shares during the last quarter. Finally, Atria Investments Inc grew its holdings in shares of L3Harris Technologies by 77.9% during the 4th quarter. Atria Investments Inc now owns 14,800 shares of the company’s stock valued at $4,345,000 after purchasing an additional 6,482 shares during the last quarter. Hedge funds and other institutional investors own 84.76% of the company’s stock.
Analyst Ratings Changes
Several research firms have weighed in on LHX. UBS Group lowered their price target on shares of L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating for the company 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 downgraded L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. Sanford C. Bernstein lowered 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. Finally, Truist Financial upgraded L3Harris Technologies to a “strong-buy” rating in a report on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, L3Harris Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $361.70.
L3Harris Technologies Stock Performance
Shares of LHX stock opened at $300.08 on Friday. The firm has a market capitalization of $55.90 billion, a price-to-earnings ratio of 32.58, a PEG ratio of 1.52 and a beta of 0.51. The stock has a fifty day moving average of $299.36 and a 200 day moving average of $328.58. L3Harris Technologies Inc has a 52 week low of $262.98 and a 52 week high of $379.23. 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 issued 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 business had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.42 billion. During the same period in the previous year, the firm earned $2.41 EPS. The company’s quarterly revenue 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. As a group, research analysts expect that L3Harris Technologies Inc will post 11.54 earnings per share for the current year.
L3Harris Technologies Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, September 4th. L3Harris Technologies’s dividend payout ratio is presently 54.29%.
Insider Transactions at L3Harris Technologies
In other L3Harris Technologies news, VP Melanie Rakita sold 2,180 shares of the firm’s stock in a transaction dated 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 directly owned 4,192 shares in the company, valued at $1,301,406.40. This trade represents a 34.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.68% of the stock is currently owned by insiders.
L3Harris Technologies Company 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.
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