CWS Financial Advisors LLC Makes New Investment in L3Harris Technologies Inc $LHX

CWS Financial Advisors LLC acquired a new stake in L3Harris Technologies Inc (NYSE:LHX) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 907 shares of the company’s stock, valued at approximately $228,000.

Several other institutional investors and hedge funds also recently made changes to their positions in LHX. Clearstead Trust LLC bought a new stake in L3Harris Technologies in the first quarter worth approximately $26,000. Nova Wealth Management Inc. acquired a new stake in shares of L3Harris Technologies during the 1st quarter worth approximately $26,000. Kiker Wealth Management LLC grew its position in shares of L3Harris Technologies by 137.0% during the 2nd quarter. Kiker Wealth Management LLC now owns 109 shares of the company’s stock worth $27,000 after buying an additional 63 shares during the period. Harbor Asset Planning Inc. bought a new stake in shares of L3Harris Technologies in the 2nd quarter valued at $32,000. Finally, Independence Bank of Kentucky lifted its position in shares of L3Harris Technologies by 44.4% during the 2nd quarter. Independence Bank of Kentucky now owns 130 shares of the company’s stock valued at $33,000 after acquiring an additional 40 shares during the period. Institutional investors own 84.76% of the company’s stock.

Insider Buying and Selling at L3Harris Technologies

In related news, CEO Christopher E. Kubasik sold 83,000 shares of the business’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $279.90, for a total transaction of $23,231,700.00. Following the transaction, the chief executive officer directly owned 145,578 shares in the company, valued at approximately $40,747,282.20. The trade was a 36.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.72% of the stock is owned by insiders.

L3Harris Technologies Stock Performance

Shares of LHX opened at $289.02 on Friday. The firm has a market capitalization of $54.06 billion, a P/E ratio of 32.29, a P/E/G ratio of 2.09 and a beta of 0.75. L3Harris Technologies Inc has a 52 week low of $193.09 and a 52 week high of $308.12. The stock has a 50 day moving average price of $290.17 and a two-hundred day moving average price of $266.51. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.87 and a current ratio of 1.04.

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

L3Harris Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Monday, November 17th will be issued a $1.20 dividend. The ex-dividend date is Monday, November 17th. This represents a $4.80 annualized dividend and a dividend yield of 1.7%. L3Harris Technologies’s dividend payout ratio is currently 51.56%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on LHX shares. Susquehanna restated a “positive” rating on shares of L3Harris Technologies in a report on Friday, October 31st. Weiss Ratings restated a “hold (c+)” rating on shares of L3Harris Technologies in a research note on Thursday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of L3Harris Technologies in a research report on Wednesday, October 8th. UBS Group increased their price target on L3Harris Technologies from $318.00 to $323.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Finally, Barclays raised their price objective on L3Harris Technologies from $255.00 to $305.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Twelve analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, L3Harris Technologies presently has an average rating of “Moderate Buy” and an average target price of $295.63.

L3Harris Technologies 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.