Arkadios Wealth Advisors Acquires 9,873 Shares of L3Harris Technologies Inc $LHX

Arkadios Wealth Advisors increased its holdings in L3Harris Technologies Inc (NYSE:LHX) by 416.1% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 12,246 shares of the company’s stock after buying an additional 9,873 shares during the quarter. Arkadios Wealth Advisors’ holdings in L3Harris Technologies were worth $3,072,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC grew its stake in shares of L3Harris Technologies by 233.9% during the 4th quarter. Brighton Jones LLC now owns 4,284 shares of the company’s stock valued at $901,000 after purchasing an additional 3,001 shares during the period. Golden State Wealth Management LLC grew its stake in shares of L3Harris Technologies by 50.3% during the 1st quarter. Golden State Wealth Management LLC now owns 299 shares of the company’s stock valued at $63,000 after purchasing an additional 100 shares during the period. Koshinski Asset Management Inc. grew its stake in shares of L3Harris Technologies by 3.1% during the 1st quarter. Koshinski Asset Management Inc. now owns 1,688 shares of the company’s stock valued at $353,000 after purchasing an additional 50 shares during the period. Mather Group LLC. grew its stake in shares of L3Harris Technologies by 6.7% during the 1st quarter. Mather Group LLC. now owns 930 shares of the company’s stock valued at $195,000 after purchasing an additional 58 shares during the period. Finally, Vontobel Holding Ltd. grew its stake in shares of L3Harris Technologies by 22.7% during the 1st quarter. Vontobel Holding Ltd. now owns 1,455 shares of the company’s stock valued at $305,000 after purchasing an additional 269 shares during the period. 84.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other L3Harris Technologies news, CEO Christopher E. Kubasik sold 83,000 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $279.90, for a total value of $23,231,700.00. Following the completion of the transaction, the chief executive officer directly owned 145,578 shares in the company, valued at $40,747,282.20. This represents a 36.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.72% of the stock is owned by insiders.

L3Harris Technologies Stock Up 2.9%

LHX stock opened at $295.20 on Friday. L3Harris Technologies Inc has a twelve month low of $193.09 and a twelve month high of $308.12. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 0.57. The stock has a market cap of $55.23 billion, a P/E ratio of 32.98, a PEG ratio of 2.09 and a beta of 0.76. The business’s 50-day moving average price is $286.64 and its 200-day moving average price is $260.86.

L3Harris Technologies (NYSE:LHX) last posted its quarterly earnings results on Thursday, October 30th. The company reported $2.70 earnings per share for the quarter, topping the consensus estimate of $2.60 by $0.10. L3Harris Technologies had a return on equity of 11.82% and a net margin of 7.94%.The business had revenue of $5.66 billion during the quarter, compared to the consensus estimate of $5.51 billion. During the same period in the prior year, the company posted $3.34 EPS. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. L3Harris Technologies has set its FY 2025 guidance at 10.500-10.700 EPS. On average, equities research analysts forecast that L3Harris Technologies Inc will post 11.12 EPS for the current year.

L3Harris Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Monday, November 17th will be paid a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.6%. The ex-dividend date is Monday, November 17th. L3Harris Technologies’s dividend payout ratio is presently 53.63%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on LHX. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of L3Harris Technologies in a research note on Wednesday, October 8th. Susquehanna boosted their price target on L3Harris Technologies from $300.00 to $320.00 and gave the company a “positive” rating in a research note on Friday, July 25th. Wall Street Zen upgraded L3Harris Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 22nd. Sanford C. Bernstein restated an “outperform” rating on shares of L3Harris Technologies in a research note on Monday, July 14th. Finally, Morgan Stanley boosted their price target on L3Harris Technologies from $250.00 to $350.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 15th. Thirteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, L3Harris Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $287.63.

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.