iA Global Asset Management Inc. Has $15.27 Million Stock Holdings in L3Harris Technologies Inc $LHX

iA Global Asset Management Inc. lifted its position in shares of L3Harris Technologies Inc (NYSE:LHX) by 71.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,233 shares of the company’s stock after purchasing an additional 18,477 shares during the quarter. iA Global Asset Management Inc.’s holdings in L3Harris Technologies were worth $15,267,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in LHX. University of Texas Texas AM Investment Management Co. acquired a new stake in L3Harris Technologies in the 4th quarter valued at $25,000. Tower View Wealth Management LLC acquired a new position in L3Harris Technologies during the first quarter worth $29,000. Fideuram Asset Management Ireland dac bought a new position in shares of L3Harris Technologies during the fourth quarter valued at $25,000. Motiv8 Investments LLC bought a new position in shares of L3Harris Technologies during the fourth quarter valued at $25,000. Finally, JPL Wealth Management LLC acquired a new stake in shares of L3Harris Technologies in the 3rd quarter valued at $29,000. Institutional investors own 84.76% of the company’s stock.

Insider Buying and Selling at L3Harris Technologies

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

L3Harris Technologies Price Performance

Shares of LHX stock opened at $289.86 on Wednesday. The firm has a market cap of $54.00 billion, a price-to-earnings ratio of 31.47, a PEG ratio of 1.46 and a beta of 0.50. L3Harris Technologies Inc has a 12 month low of $249.01 and a 12 month high of $379.23. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 0.47. The stock has a 50-day moving average price of $308.36 and a 200 day moving average price of $328.97.

L3Harris Technologies (NYSE:LHX) last released its earnings results on Thursday, April 30th. The company reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $5.42 billion. During the same period in the prior year, the company posted $2.41 EPS. 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. Research analysts expect that L3Harris Technologies Inc will post 11.52 EPS for the current year.

L3Harris Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 5th were given a dividend of $1.25 per share. The ex-dividend date was Friday, June 5th. This represents a $5.00 annualized dividend and a dividend yield of 1.7%. L3Harris Technologies’s payout ratio is presently 54.29%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Sanford C. Bernstein lowered their target price on shares of L3Harris Technologies to $405.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. Weiss Ratings lowered shares of L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 23rd. Truist Financial raised shares of L3Harris Technologies to a “strong-buy” rating in a research note on Friday, May 1st. UBS Group cut their target price on shares of L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating for the company in a research note on Friday, May 1st. Finally, Wall Street Zen raised L3Harris Technologies from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, L3Harris Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $354.75.

L3Harris Technologies 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.