Hantz Financial Services Inc. Lowers Holdings in L3Harris Technologies Inc $LHX

Hantz Financial Services Inc. decreased its holdings in L3Harris Technologies Inc (NYSE:LHX) by 7.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,457 shares of the company’s stock after selling 2,003 shares during the quarter. Hantz Financial Services Inc.’s holdings in L3Harris Technologies were worth $7,473,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in LHX. Victory Capital Management Inc. increased its holdings in L3Harris Technologies by 1,053.9% during the 3rd quarter. Victory Capital Management Inc. now owns 1,181,900 shares of the company’s stock worth $360,964,000 after purchasing an additional 1,079,474 shares during the period. Artisan Partners Limited Partnership purchased a new stake in L3Harris Technologies during the 3rd quarter worth about $211,703,000. Two Sigma Investments LP increased its holdings in L3Harris Technologies by 560.7% during the 3rd quarter. Two Sigma Investments LP now owns 614,287 shares of the company’s stock worth $187,609,000 after purchasing an additional 521,312 shares during the period. M&T Bank Corp increased its holdings in L3Harris Technologies by 3,127.8% during the 4th quarter. M&T Bank Corp now owns 408,740 shares of the company’s stock worth $119,994,000 after purchasing an additional 396,077 shares during the period. Finally, Balyasny Asset Management L.P. increased its holdings in L3Harris Technologies by 42.0% during the 3rd quarter. Balyasny Asset Management L.P. now owns 1,101,285 shares of the company’s stock worth $336,343,000 after purchasing an additional 325,963 shares during the period. Hedge funds and other institutional investors own 84.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on LHX shares. Citigroup upped their price target on L3Harris Technologies from $389.00 to $418.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. JPMorgan Chase & Co. upped their price target on L3Harris Technologies from $340.00 to $395.00 and gave the stock an “overweight” rating in a report on Thursday, February 5th. UBS Group cut their price target on L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating on the stock in a report on Friday, May 1st. Morgan Stanley upped their price target on L3Harris Technologies from $367.00 to $390.00 and gave the stock an “overweight” rating in a report on Monday, February 2nd. Finally, Truist Financial upgraded L3Harris Technologies to a “strong-buy” rating in a report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $354.75.

Insider Activity

In related news, insider Jon Rambeau sold 5,528 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $370.32, for a total transaction of $2,047,128.96. Following 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 position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Samir Mehta sold 5,528 shares of L3Harris Technologies stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $370.32, for a total value of $2,047,128.96. Following the transaction, the insider directly owned 7,756 shares in the company, valued at approximately $2,872,201.92. This trade represents a 41.61% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 16,365 shares of company stock worth $5,861,117. 0.68% of the stock is currently owned by insiders.

L3Harris Technologies Trading Up 0.0%

LHX opened at $312.12 on Tuesday. L3Harris Technologies Inc has a one year low of $235.72 and a one year high of $379.23. The company has a market cap of $58.15 billion, a P/E ratio of 33.89, a PEG ratio of 1.58 and a beta of 0.51. 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 business’s 50-day simple moving average is $335.61 and its 200-day simple moving average is $325.46.

L3Harris Technologies (NYSE:LHX) last released its quarterly earnings data on Thursday, April 30th. The company reported $2.72 EPS 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 business had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.42 billion. During the same quarter in the prior year, the business posted $2.41 EPS. The business’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, equities research analysts expect that L3Harris Technologies Inc will post 11.52 EPS for the current fiscal year.

L3Harris Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be issued a $1.25 dividend. 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 presently 54.29%.

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.