Systematic Financial Management LP Grows Stock Holdings in L3Harris Technologies Inc $LHX

Systematic Financial Management LP increased its stake in shares of L3Harris Technologies Inc (NYSE:LHX) by 10.5% in the 4th quarter, Holdings Channel reports. The firm owned 22,780 shares of the company’s stock after buying an additional 2,170 shares during the period. Systematic Financial Management LP’s holdings in L3Harris Technologies were worth $6,688,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in LHX. Brighton Jones LLC raised its holdings in shares of L3Harris Technologies by 233.9% during the fourth 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 last quarter. Jump Financial LLC increased its holdings in L3Harris Technologies by 14.9% during the second quarter. Jump Financial LLC now owns 2,995 shares of the company’s stock valued at $751,000 after buying an additional 388 shares during the last quarter. NewEdge Advisors LLC increased its holdings in L3Harris Technologies by 14.2% during the second quarter. NewEdge Advisors LLC now owns 17,082 shares of the company’s stock valued at $4,285,000 after buying an additional 2,130 shares during the last quarter. Nebula Research & Development LLC purchased a new stake in L3Harris Technologies during the second quarter valued at approximately $856,000. Finally, CIBC Asset Management Inc increased its holdings in L3Harris Technologies by 116.2% during the second quarter. CIBC Asset Management Inc now owns 61,988 shares of the company’s stock valued at $15,549,000 after buying an additional 33,321 shares during the last quarter. 84.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other L3Harris Technologies news, insider Jon Rambeau sold 5,528 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $370.32, for a total transaction of $2,047,128.96. Following the completion of the transaction, the insider owned 7,660 shares in the company, valued at $2,836,651.20. This trade represents a 41.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Melanie Rakita sold 2,378 shares of the stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $341.45, for a total transaction of $811,968.10. Following the transaction, the vice president owned 4,882 shares of the company’s stock, valued at $1,666,958.90. This trade represents a 32.75% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 16,365 shares of company stock worth $5,861,117. 0.68% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on LHX. Wall Street Zen raised shares of L3Harris Technologies from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Royal Bank Of Canada upped their price target on shares of L3Harris Technologies from $360.00 to $365.00 and gave the stock a “sector perform” rating in a research report on Friday, January 30th. UBS Group dropped their price target on shares of L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating for the company in a research report on Friday, May 1st. Citigroup upped their price target on shares of L3Harris Technologies from $389.00 to $418.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Finally, Weiss Ratings upgraded shares of L3Harris Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 13th. Two research 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 data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $354.75.

L3Harris Technologies Price Performance

Shares of NYSE:LHX opened at $312.12 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.89 and a current ratio of 1.03. The firm has a fifty day moving average price of $336.51 and a 200 day moving average price of $325.31. L3Harris Technologies Inc has a fifty-two week low of $235.72 and a fifty-two week high of $379.23. The firm has a market cap of $58.15 billion, a price-to-earnings ratio of 33.89, a P/E/G ratio of 1.58 and a beta of 0.51.

L3Harris Technologies (NYSE:LHX) last issued 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 prior year, the business earned $2.41 earnings per share. L3Harris Technologies’s revenue for the quarter was up 11.9% on a year-over-year basis. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. As a group, sell-side analysts expect that L3Harris Technologies Inc will post 11.52 earnings per share for the current fiscal year.

L3Harris Technologies Announces Dividend

The business also recently announced 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 is Friday, June 5th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.6%. L3Harris Technologies’s dividend payout ratio is currently 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.