Marble Wealth LLC Buys New Stake in L3Harris Technologies Inc $LHX

Marble Wealth LLC bought a new stake in L3Harris Technologies Inc (NYSE:LHX) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 3,258 shares of the company’s stock, valued at approximately $956,000.

Other hedge funds have also recently modified their holdings of the company. Fideuram Asset Management Ireland dac purchased a new position in shares of L3Harris Technologies in the 4th quarter valued at $25,000. Caitlin John LLC purchased a new position in shares of L3Harris Technologies in the 3rd quarter valued at $28,000. JPL Wealth Management LLC purchased a new position in shares of L3Harris Technologies in the 3rd quarter valued at $29,000. American National Bank & Trust grew its position in shares of L3Harris Technologies by 44.8% in the 4th quarter. American National Bank & Trust now owns 97 shares of the company’s stock valued at $28,000 after buying an additional 30 shares during the last quarter. Finally, Lloyd Advisory Services LLC. purchased a new position in shares of L3Harris Technologies in the 4th quarter valued at $30,000. 84.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at L3Harris Technologies

In other news, VP Melanie Rakita sold 2,180 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $310.45, for a total value of $676,781.00. Following the completion of the sale, the vice president owned 4,192 shares in the company, valued at approximately $1,301,406.40. This trade represents a 34.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on LHX shares. Truist Financial raised shares of L3Harris Technologies to a “strong-buy” rating in a research report on Friday, May 1st. Argus raised shares of L3Harris Technologies to a “strong-buy” rating in a research report on Friday, February 27th. Sanford C. Bernstein decreased their price target on shares of L3Harris Technologies to $405.00 and set an “outperform” rating for the company in a research note on Monday, May 4th. Citigroup increased their price target on shares of L3Harris Technologies from $389.00 to $418.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Finally, Wall Street Zen upgraded shares of 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 given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $354.75.

L3Harris Technologies Stock Down 0.4%

Shares of NYSE:LHX opened at $308.26 on Wednesday. The stock has a market cap of $57.43 billion, a P/E ratio of 33.47, a P/E/G ratio of 1.56 and a beta of 0.50. The firm has a fifty day moving average price of $330.34 and a 200 day moving average price of $326.17. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.03 and a quick ratio of 0.89. L3Harris Technologies Inc has a 1-year low of $237.56 and a 1-year high of $379.23.

L3Harris Technologies (NYSE:LHX) last issued its quarterly 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. The firm had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.42 billion. L3Harris Technologies had a net margin of 7.71% and a return on equity of 10.65%. L3Harris Technologies’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.41 EPS. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. Sell-side analysts predict that L3Harris Technologies Inc will post 11.52 EPS for the current year.

L3Harris Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, June 5th. L3Harris Technologies’s dividend payout ratio (DPR) is 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.