L3Harris Technologies Inc $LHX Stock Holdings Lifted by Keudell Morrison Wealth Management

Keudell Morrison Wealth Management raised its position in L3Harris Technologies Inc (NYSE:LHX) by 2.5% during the second quarter, HoldingsChannel.com reports. The firm owned 4,504 shares of the company’s stock after buying an additional 108 shares during the quarter. Keudell Morrison Wealth Management’s holdings in L3Harris Technologies were worth $1,130,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of L3Harris Technologies by 233.9% during the 4th quarter. Brighton Jones LLC now owns 4,284 shares of the company’s stock valued at $901,000 after acquiring an additional 3,001 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of L3Harris Technologies by 18.8% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 5,896 shares of the company’s stock valued at $1,234,000 after acquiring an additional 933 shares during the last quarter. Pines Wealth Management LLC acquired a new position in shares of L3Harris Technologies during the 1st quarter valued at about $240,000. Elk River Wealth Management LLC increased its holdings in shares of L3Harris Technologies by 600.8% during the 1st quarter. Elk River Wealth Management LLC now owns 31,123 shares of the company’s stock valued at $6,514,000 after acquiring an additional 26,682 shares during the last quarter. Finally, WealthBridge Investment Counsel Inc. increased its holdings in shares of L3Harris Technologies by 1.9% during the 1st quarter. WealthBridge Investment Counsel Inc. now owns 26,028 shares of the company’s stock valued at $5,448,000 after acquiring an additional 485 shares during the last quarter. Hedge funds and other institutional investors own 84.76% of the company’s stock.

L3Harris Technologies Price Performance

Shares of NYSE:LHX opened at $297.52 on Friday. The business has a 50 day moving average price of $279.07 and a 200 day moving average price of $249.82. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 0.57. The company has a market cap of $55.67 billion, a price-to-earnings ratio of 33.24, a PEG ratio of 2.17 and a beta of 0.76. L3Harris Technologies Inc has a twelve month low of $193.09 and a twelve month high of $305.94.

L3Harris Technologies (NYSE:LHX) last posted its quarterly earnings results on Thursday, July 24th. The company reported $2.78 EPS for the quarter, beating the consensus estimate of $2.48 by $0.30. The firm had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.31 billion. L3Harris Technologies had a return on equity of 11.82% and a net margin of 7.94%.The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.24 EPS. L3Harris Technologies has set its FY 2025 guidance at 10.400-10.600 EPS. Research analysts predict that L3Harris Technologies Inc will post 11.12 earnings per share for the current year.

L3Harris Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 22nd. Shareholders of record on Friday, September 5th were issued a $1.20 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $4.80 annualized dividend and a yield of 1.6%. L3Harris Technologies’s dividend payout ratio is 53.63%.

Analyst Ratings Changes

A number of brokerages have recently commented on LHX. Susquehanna increased their price objective on L3Harris Technologies from $300.00 to $320.00 and gave the company a “positive” rating in a report on Friday, July 25th. Wall Street Zen raised L3Harris Technologies from a “hold” rating to a “buy” rating in a report on Friday, August 22nd. Barclays increased their price objective on L3Harris Technologies from $255.00 to $305.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Weiss Ratings reissued a “buy (b-)” rating on shares of L3Harris Technologies in a report on Saturday, September 27th. Finally, UBS Group increased their target price on L3Harris Technologies from $262.00 to $280.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. Fourteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $279.47.

Insider Buying and Selling

In other L3Harris Technologies news, CEO Christopher E. Kubasik sold 83,000 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $279.90, for a total value of $23,231,700.00. Following the completion of the transaction, the chief executive officer owned 145,578 shares of the company’s stock, valued at $40,747,282.20. This represents a 36.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last ninety days, insiders sold 195,138 shares of company stock valued at $53,571,774. Corporate insiders own 0.72% of the company’s stock.

L3Harris Technologies Company Profile

L3Harris Technologies, Inc provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides intelligence, surveillance, and reconnaissance (ISR) systems, passive sensing and targeting, electronic attack, autonomy, power and communications, and networks and sensors, as well as advanced combat systems for air, land, and sea sectors.