Capital International Sarl lifted its stake in shares of L3Harris Technologies Inc (NYSE:LHX – Free 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.
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:LHX – Get 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
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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