Y.D. More Investments Ltd grew its position in shares of L3Harris Technologies Inc (NYSE:LHX – Free Report) by 8,838.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 85,451 shares of the company’s stock after buying an additional 84,495 shares during the quarter. L3Harris Technologies makes up about 1.1% of Y.D. More Investments Ltd’s investment portfolio, making the stock its 17th largest holding. Y.D. More Investments Ltd’s holdings in L3Harris Technologies were worth $29,493,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LHX. Fideuram Asset Management Ireland dac acquired a new stake in L3Harris Technologies in the fourth quarter valued at approximately $25,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of L3Harris Technologies during the 4th quarter worth $25,000. Motiv8 Investments LLC bought a new position in shares of L3Harris Technologies during the 4th quarter valued at $25,000. American National Bank & Trust raised its holdings 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 purchasing an additional 30 shares in the last quarter. Finally, Cedar Mountain Advisors LLC lifted its stake in shares of L3Harris Technologies by 1,233.3% in the 1st quarter. Cedar Mountain Advisors LLC now owns 80 shares of the company’s stock valued at $28,000 after purchasing an additional 74 shares during the last quarter. Institutional investors own 84.76% of the company’s stock.
Insider Buying and Selling at L3Harris Technologies
In related news, VP Melanie Rakita sold 2,180 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $310.45, for a total transaction of $676,781.00. Following the completion of the sale, the vice president owned 4,192 shares in the company, valued at $1,301,406.40. This represents a 34.21% decrease in their position. 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. Corporate insiders own 0.68% of the company’s stock.
L3Harris Technologies Stock Performance
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 net margin of 7.71% and a return on equity of 10.65%. 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 previous year, the business earned $2.41 EPS. The business’s revenue was up 11.9% on a year-over-year basis. 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 11.53 EPS for the current year.
L3Harris Technologies Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 5th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, June 5th. L3Harris Technologies’s payout ratio is currently 54.29%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on LHX shares. Truist Financial upgraded shares of L3Harris Technologies to a “strong-buy” rating in a report on Friday, May 1st. Sanford C. Bernstein cut their target price on L3Harris Technologies to $405.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. Weiss Ratings cut L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 23rd. UBS Group lowered their price objective on L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating on the stock in a report on Friday, May 1st. Finally, Wall Street Zen raised L3Harris Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, L3Harris Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $354.75.
Get Our Latest Research Report on L3Harris Technologies
About L3Harris Technologies
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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