Taylor Securities Services Inc. Invests $837,000 in L3Harris Technologies Inc $LHX

Taylor Securities Services Inc. purchased a new stake in L3Harris Technologies Inc (NYSE:LHXFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,850 shares of the company’s stock, valued at approximately $837,000. L3Harris Technologies accounts for about 0.4% of Taylor Securities Services Inc.’s investment portfolio, making the stock its 25th largest holding.

Several other institutional investors and hedge funds also recently bought and sold shares of LHX. Korea Investment CORP increased its position in shares of L3Harris Technologies by 11.2% during the third quarter. Korea Investment CORP now owns 153,567 shares of the company’s stock valued at $46,901,000 after buying an additional 15,408 shares during the period. Allstate Corp boosted its position in shares of L3Harris Technologies by 106.7% in the fourth quarter. Allstate Corp now owns 13,985 shares of the company’s stock valued at $4,106,000 after acquiring an additional 7,219 shares during the period. Neo Ivy Capital Management bought a new position in shares of L3Harris Technologies in the third quarter valued at approximately $1,203,000. Munich Reinsurance Co Stock Corp in Munich purchased a new position in L3Harris Technologies during the third quarter valued at approximately $72,446,000. Finally, Jain Global LLC grew its stake in L3Harris Technologies by 469.1% during the third quarter. Jain Global LLC now owns 45,861 shares of the company’s stock valued at $14,006,000 after acquiring an additional 37,803 shares in the last quarter. 84.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on LHX. Sanford C. Bernstein lowered their target price on shares of L3Harris Technologies to $405.00 and set an “outperform” rating on the stock in a research note on Monday, May 4th. Truist Financial upgraded shares of L3Harris Technologies to a “strong-buy” rating in a research report on Friday, May 1st. UBS Group decreased their price target on shares of L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating on the stock in a report on Friday, May 1st. Weiss Ratings upgraded L3Harris Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 13th. Finally, Wall Street Zen upgraded L3Harris Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, L3Harris Technologies currently has an average rating of “Moderate Buy” and an average target price of $354.75.

Get Our Latest Analysis on LHX

L3Harris Technologies Stock Up 0.1%

LHX opened at $294.98 on Friday. 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 Inc has a 12 month low of $243.84 and a 12 month high of $379.23. The business’s 50-day moving average price is $317.53 and its 200-day moving average price is $328.08. The company has a market cap of $54.95 billion, a P/E ratio of 32.03, a P/E/G ratio of 1.49 and a beta of 0.50.

L3Harris Technologies (NYSE:LHXGet Free Report) last released its quarterly earnings data on Thursday, April 30th. The company reported $2.72 earnings per share for the quarter, beating 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 firm had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.42 billion. During the same quarter in the prior year, the firm posted $2.41 earnings per share. The business’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. On average, equities analysts expect that L3Harris Technologies Inc will post 11.52 EPS for the current year.

L3Harris Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders 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 yield of 1.7%. The ex-dividend date of this dividend is Friday, June 5th. L3Harris Technologies’s dividend payout ratio (DPR) is 54.29%.

Insider Transactions at L3Harris Technologies

In other L3Harris Technologies news, VP Melanie Rakita sold 2,180 shares of the business’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 transaction, the vice president owned 4,192 shares in the company, valued at approximately $1,301,406.40. The trade was a 34.21% decrease in their ownership of the stock. The transaction 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. 0.68% of the stock is currently owned by company insiders.

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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