L3Harris Technologies Inc $LHX Shares Sold by Lido Advisors LLC

Lido Advisors LLC cut its position in L3Harris Technologies Inc (NYSE:LHX) by 1.7% during the 1st quarter, HoldingsChannel reports. The firm owned 110,249 shares of the company’s stock after selling 1,857 shares during the quarter. Lido Advisors LLC’s holdings in L3Harris Technologies were worth $38,053,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LHX. REAP Financial Group LLC increased its stake in shares of L3Harris Technologies by 12.9% in the fourth quarter. REAP Financial Group LLC now owns 254 shares of the company’s stock valued at $74,000 after purchasing an additional 29 shares during the period. Burns J W & Co. Inc. NY boosted its position in shares of L3Harris Technologies by 3.1% during the fourth quarter. Burns J W & Co. Inc. NY now owns 987 shares of the company’s stock worth $290,000 after buying an additional 30 shares during the period. American National Bank & Trust boosted its position in shares of L3Harris Technologies by 44.8% during the fourth quarter. American National Bank & Trust now owns 97 shares of the company’s stock worth $28,000 after buying an additional 30 shares during the period. CYBER HORNET ETFs LLC grew its holdings in L3Harris Technologies by 5.8% in the 4th quarter. CYBER HORNET ETFs LLC now owns 547 shares of the company’s stock worth $161,000 after buying an additional 30 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC grew its holdings in L3Harris Technologies by 3.7% in the 4th quarter. Turtle Creek Wealth Advisors LLC now owns 862 shares of the company’s stock worth $253,000 after buying an additional 31 shares in the last quarter. 84.76% of the stock is owned by institutional investors and hedge funds.

L3Harris Technologies Trading Up 2.6%

L3Harris Technologies stock opened at $285.03 on Thursday. L3Harris Technologies Inc has a 12-month low of $262.98 and a 12-month high of $379.23. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.03 and a quick ratio of 0.89. The stock has a market capitalization of $53.10 billion, a PE ratio of 30.95, a price-to-earnings-growth ratio of 1.41 and a beta of 0.51. The firm has a 50 day simple moving average of $299.58 and a 200-day simple moving average of $328.82.

L3Harris Technologies (NYSE:LHX) last released its 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 the consensus estimate of $5.42 billion. L3Harris Technologies had a return on equity of 10.65% and a net margin of 7.71%.The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.41 earnings per share. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. As a group, equities research analysts expect that L3Harris Technologies Inc will post 11.54 EPS for the current fiscal year.

Insider Activity at L3Harris Technologies

In other news, VP Melanie Rakita sold 2,180 shares of the business’s 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 sale, the vice president 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 filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on LHX shares. Truist Financial raised L3Harris Technologies to a “strong-buy” rating in a research note on Friday, May 1st. Wall Street Zen raised L3Harris Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Weiss Ratings lowered L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. UBS Group lowered their price target on L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating on the stock in a report on Friday, May 1st. Finally, Sanford C. Bernstein cut their price objective on shares of L3Harris Technologies to $405.00 and set an “outperform” rating on the stock in a research note on Monday, May 4th. Two 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 stock. According to data from MarketBeat, the company 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.