L3Harris Technologies Inc $LHX Shares Bought by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. grew its position in shares of L3Harris Technologies Inc (NYSE:LHX) by 5.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,111 shares of the company’s stock after purchasing an additional 2,086 shares during the quarter. GHP Investment Advisors Inc.’s holdings in L3Harris Technologies were worth $14,880,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in LHX. Korea Investment CORP raised its position in shares of L3Harris Technologies by 11.2% in the third quarter. Korea Investment CORP now owns 153,567 shares of the company’s stock worth $46,901,000 after acquiring an additional 15,408 shares during the period. Allstate Corp grew its position in shares of L3Harris Technologies by 106.7% during the 4th quarter. Allstate Corp now owns 13,985 shares of the company’s stock valued at $4,106,000 after acquiring an additional 7,219 shares during the period. Neo Ivy Capital Management purchased a new position in shares of L3Harris Technologies in the 3rd quarter valued at about $1,203,000. Munich Reinsurance Co Stock Corp in Munich purchased a new position in shares of L3Harris Technologies in the 3rd quarter valued at about $72,446,000. Finally, Jain Global LLC raised its holdings in L3Harris Technologies by 469.1% in the 3rd quarter. Jain Global LLC now owns 45,861 shares of the company’s stock worth $14,006,000 after purchasing an additional 37,803 shares during the period. 84.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other L3Harris Technologies news, VP Melanie Rakita sold 2,180 shares of the stock in a transaction dated 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 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 the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.68% of the company’s stock.

L3Harris Technologies Stock Up 0.4%

NYSE LHX opened at $288.55 on Friday. The business has a fifty day moving average price of $312.13 and a 200 day moving average price of $328.79. 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 company has a market cap of $53.75 billion, a P/E ratio of 31.33, a P/E/G ratio of 1.45 and a beta of 0.50. L3Harris Technologies Inc has a one year low of $245.12 and a one year high of $379.23.

L3Harris Technologies (NYSE:LHX) last announced its earnings results on Thursday, April 30th. The company reported $2.72 earnings per share (EPS) 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 company had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.42 billion. During the same quarter in the previous year, the company posted $2.41 EPS. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. Research analysts anticipate 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. Investors of record on Friday, June 5th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, June 5th. L3Harris Technologies’s dividend payout ratio is currently 54.29%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Truist Financial raised L3Harris Technologies to a “strong-buy” rating in a research note on Friday, May 1st. Wall Street Zen raised shares of L3Harris Technologies from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. UBS Group cut their price target on shares of L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating for the company in a report on Friday, May 1st. Sanford C. Bernstein decreased their price objective on shares of L3Harris Technologies to $405.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. Finally, Weiss Ratings lowered shares of L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday. 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.