Lion Street Advisors LLC Has $360,000 Stock Position in L3Harris Technologies Inc $LHX

Lion Street Advisors LLC raised its position in shares of L3Harris Technologies Inc (NYSE:LHX) by 24.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,435 shares of the company’s stock after purchasing an additional 280 shares during the period. Lion Street Advisors LLC’s holdings in L3Harris Technologies were worth $360,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. MGO One Seven LLC raised its holdings in shares of L3Harris Technologies by 97.1% during the 2nd quarter. MGO One Seven LLC now owns 9,780 shares of the company’s stock worth $2,453,000 after buying an additional 4,818 shares in the last quarter. Welch Group LLC acquired a new position in L3Harris Technologies during the second quarter worth about $237,000. Cypress Capital Group raised its stake in L3Harris Technologies by 6.4% during the second quarter. Cypress Capital Group now owns 10,079 shares of the company’s stock worth $2,528,000 after acquiring an additional 604 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. raised its stake in L3Harris Technologies by 3.7% during the second quarter. Leith Wheeler Investment Counsel Ltd. now owns 183,135 shares of the company’s stock worth $45,938,000 after acquiring an additional 6,557 shares in the last quarter. Finally, LRI Investments LLC raised its stake in L3Harris Technologies by 3.7% during the second quarter. LRI Investments LLC now owns 18,318 shares of the company’s stock worth $4,595,000 after acquiring an additional 652 shares in the last quarter. Institutional investors and hedge funds own 84.76% of the company’s stock.

Insider Buying and Selling at L3Harris Technologies

In other L3Harris Technologies news, CEO Christopher E. Kubasik sold 83,000 shares of the stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $279.90, for a total transaction of $23,231,700.00. Following the completion of the sale, the chief executive officer directly owned 145,578 shares in the company, valued at approximately $40,747,282.20. This trade represents a 36.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold 195,138 shares of company stock worth $53,571,774 in the last ninety days. Corporate insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

LHX has been the subject of a number of research analyst reports. Susquehanna upped their price objective on shares of L3Harris Technologies from $300.00 to $320.00 and gave the stock a “positive” rating in a research report on Friday, July 25th. UBS Group upped their price target on shares of L3Harris Technologies from $262.00 to $280.00 and gave the stock a “neutral” rating in a report on Friday, July 25th. Truist Financial upped their price target on shares of L3Harris Technologies from $279.00 to $302.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Wall Street Zen raised L3Harris Technologies from a “hold” rating to a “buy” rating in a report on Friday, August 22nd. Finally, Royal Bank Of Canada increased their target price on L3Harris Technologies from $265.00 to $280.00 and gave the company a “sector perform” rating in a research report on Friday, July 25th. Thirteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, L3Harris Technologies has a consensus rating of “Moderate Buy” and an average price target of $278.19.

L3Harris Technologies Trading Up 0.4%

Shares of LHX stock opened at $293.44 on Tuesday. The stock has a market cap of $54.90 billion, a price-to-earnings ratio of 32.79, a PEG ratio of 2.14 and a beta of 0.76. The stock has a 50-day moving average of $282.05 and a 200-day moving average of $253.82. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 0.57. L3Harris Technologies Inc has a 1-year low of $193.09 and a 1-year high of $308.12.

L3Harris Technologies (NYSE:LHX) last released its earnings results on Thursday, July 24th. The company reported $2.78 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.30. The business had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.31 billion. L3Harris Technologies had a net margin of 7.94% and a return on equity of 11.82%. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.24 EPS. L3Harris Technologies has set its FY 2025 guidance at 10.400-10.600 EPS. On average, equities research analysts forecast that L3Harris Technologies Inc will post 11.12 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, December 5th. Stockholders of record on Monday, November 17th will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.6%. L3Harris Technologies’s dividend payout ratio (DPR) is presently 53.63%.

L3Harris Technologies Company Profile

L3Harris Technologies, Inc provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides intelligence, surveillance, and reconnaissance (ISR) systems, passive sensing and targeting, electronic attack, autonomy, power and communications, and networks and sensors, as well as advanced combat systems for air, land, and sea sectors.