Lord Abbett & CO. LLC Has $92.45 Million Stock Holdings in L3Harris Technologies Inc $LHX

Lord Abbett & CO. LLC grew its holdings in L3Harris Technologies Inc (NYSE:LHX) by 3.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 314,908 shares of the company’s stock after buying an additional 9,140 shares during the quarter. Lord Abbett & CO. LLC owned approximately 0.17% of L3Harris Technologies worth $92,448,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fideuram Asset Management Ireland dac acquired a new stake in shares of L3Harris Technologies in the fourth quarter valued at $25,000. Caitlin John LLC acquired a new stake in shares of L3Harris Technologies in the third quarter valued at $28,000. JPL Wealth Management LLC bought a new position in L3Harris Technologies in the third quarter valued at about $29,000. American National Bank & Trust boosted its holdings in L3Harris Technologies by 44.8% in the fourth quarter. American National Bank & Trust now owns 97 shares of the company’s stock valued at $28,000 after acquiring an additional 30 shares during the last quarter. Finally, Lloyd Advisory Services LLC. bought a new position in L3Harris Technologies in the fourth quarter valued at about $30,000. 84.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at L3Harris Technologies

In other news, VP Melanie Rakita sold 2,180 shares of L3Harris Technologies stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $310.45, for a total transaction of $676,781.00. Following the transaction, the vice president owned 4,192 shares in the company, valued at $1,301,406.40. The trade was a 34.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.68% of the stock is owned by company insiders.

L3Harris Technologies Price Performance

Shares of LHX opened at $307.60 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.89 and a debt-to-equity ratio of 0.47. L3Harris Technologies Inc has a 1 year low of $243.84 and a 1 year high of $379.23. The stock has a market cap of $57.30 billion, a P/E ratio of 33.40, a price-to-earnings-growth ratio of 1.58 and a beta of 0.50. The stock’s 50-day moving average price is $322.93 and its two-hundred day moving average price is $327.13.

L3Harris Technologies (NYSE:LHX) last issued its earnings results on Thursday, April 30th. The company reported $2.72 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.42 billion. During the same quarter last year, the business earned $2.41 earnings per share. The company’s revenue was up 11.9% compared to the same quarter last year. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. On average, equities analysts predict that L3Harris Technologies Inc will post 11.52 earnings per share for the current 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 dividend of $1.25 per share. 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 payout ratio is 54.29%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on LHX shares. Truist Financial upgraded L3Harris Technologies to a “strong-buy” rating in a report on Friday, May 1st. Argus upgraded L3Harris Technologies to a “strong-buy” rating in a report on Friday, February 27th. Wall Street Zen upgraded L3Harris Technologies from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Weiss Ratings upgraded L3Harris Technologies from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Finally, Sanford C. Bernstein decreased their price target on L3Harris Technologies to $405.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, L3Harris Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $354.75.

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.