Harvest Investment Advisors LLC Takes Position in L3Harris Technologies Inc $LHX

Harvest Investment Advisors LLC acquired a new stake in L3Harris Technologies Inc (NYSE:LHX) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,443 shares of the company’s stock, valued at approximately $2,185,000. L3Harris Technologies comprises about 1.2% of Harvest Investment Advisors LLC’s portfolio, making the stock its 23rd largest position.

A number of other large investors have also recently added to or reduced their stakes in LHX. University of Texas Texas AM Investment Management Co. acquired a new position in L3Harris Technologies during the fourth quarter worth $25,000. Fideuram Asset Management Ireland dac acquired a new position in L3Harris Technologies during the fourth quarter worth $25,000. Motiv8 Investments LLC acquired a new position in L3Harris Technologies during the fourth quarter worth $25,000. Caitlin John LLC acquired a new position in L3Harris Technologies during the third quarter worth $28,000. Finally, JPL Wealth Management LLC acquired a new position in L3Harris Technologies during the third quarter worth $29,000. 84.76% of the stock is currently owned by institutional investors and hedge funds.

L3Harris Technologies Stock Performance

Shares of LHX stock opened at $310.95 on Wednesday. The stock’s 50-day moving average is $320.96 and its two-hundred day moving average is $327.93. The firm has a market cap of $57.93 billion, a price-to-earnings ratio of 33.76, a PEG ratio of 1.54 and a beta of 0.50. L3Harris Technologies Inc has a 1 year low of $243.84 and a 1 year high of $379.23. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.89 and a current ratio of 1.03.

L3Harris Technologies (NYSE:LHX) last announced its earnings results on Thursday, April 30th. The company reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.19. L3Harris Technologies had a net margin of 7.71% and a return on equity of 10.65%. The business had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.42 billion. During the same quarter in the prior year, the firm earned $2.41 earnings per share. The business’s quarterly 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. 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 paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, June 5th. L3Harris Technologies’s dividend payout ratio (DPR) is 54.29%.

Analyst Upgrades and Downgrades

A number of research firms have commented on LHX. Wall Street Zen upgraded L3Harris Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. UBS Group decreased their price target on L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating on the stock in a research note on Friday, May 1st. Sanford C. Bernstein cut their price objective on L3Harris Technologies to $405.00 and set an “outperform” rating on the stock in a research report on Monday, May 4th. Argus raised L3Harris Technologies to a “strong-buy” rating in a research report on Friday, February 27th. Finally, Truist Financial raised L3Harris Technologies to a “strong-buy” rating in a research report on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $354.75.

Insider Buying and Selling

In other L3Harris Technologies news, VP Melanie Rakita sold 2,180 shares of L3Harris Technologies stock in a transaction that occurred 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 directly owned 4,192 shares of the company’s stock, valued at approximately $1,301,406.40. The trade was 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. Insiders own 0.68% of the company’s stock.

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.