Victory Capital Management Inc. lowered its holdings in shares of L3Harris Technologies Inc (NYSE:LHX – Free Report) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,168,815 shares of the company’s stock after selling 13,085 shares during the quarter. Victory Capital Management Inc.’s holdings in L3Harris Technologies were worth $343,129,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently made changes to their positions in LHX. Fideuram Asset Management Ireland dac bought a new position in shares of L3Harris Technologies during the 4th quarter valued at approximately $25,000. Caitlin John LLC bought a new position in shares of L3Harris Technologies during the 3rd quarter valued at approximately $28,000. American National Bank & Trust grew its stake in shares of L3Harris Technologies by 44.8% during the 4th 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. JPL Wealth Management LLC bought a new position in shares of L3Harris Technologies during the 3rd quarter valued at approximately $29,000. Finally, Lloyd Advisory Services LLC. bought a new position in shares of L3Harris Technologies during the 4th quarter valued at approximately $30,000. Hedge funds and other institutional investors own 84.76% of the company’s stock.
Insiders Place Their Bets
In related 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 transaction of $676,781.00. Following the sale, the vice president owned 4,192 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, 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 currently owned by insiders.
Analysts Set New Price Targets
Read Our Latest Research Report on L3Harris Technologies
L3Harris Technologies Stock Performance
NYSE:LHX opened at $307.60 on Friday. The stock’s fifty day moving average is $322.93 and its 200 day moving average is $327.13. L3Harris Technologies Inc has a fifty-two week low of $243.84 and a fifty-two week high of $379.23. The firm has a market capitalization of $57.30 billion, a PE ratio of 33.40, a PEG ratio of 1.58 and a beta of 0.50. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.89 and a current ratio of 1.03.
L3Harris Technologies (NYSE:LHX – Get Free Report) last released its earnings results on Thursday, April 30th. The company reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.19. L3Harris Technologies had a return on equity of 10.65% and a net margin of 7.71%.The business had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.42 billion. During the same quarter last year, the firm posted $2.41 earnings per share. The business’s 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. On average, sell-side analysts anticipate that L3Harris Technologies Inc will post 11.52 earnings per share for the current year.
L3Harris Technologies Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $5.00 dividend on an annualized basis and a yield of 1.6%. L3Harris Technologies’s dividend payout ratio (DPR) is presently 54.29%.
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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