L3Harris Technologies Inc $LHX Holdings Raised by iA Global Asset Management Inc.

iA Global Asset Management Inc. grew its position in L3Harris Technologies Inc (NYSE:LHX) by 895.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 25,756 shares of the company’s stock after buying an additional 23,168 shares during the period. iA Global Asset Management Inc.’s holdings in L3Harris Technologies were worth $7,561,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Burns J W & Co. Inc. NY increased its holdings in shares of L3Harris Technologies by 3.1% in the 4th quarter. Burns J W & Co. Inc. NY now owns 987 shares of the company’s stock valued at $290,000 after acquiring an additional 30 shares during the last quarter. American National Bank & Trust increased its holdings in shares of L3Harris Technologies by 44.8% in the 4th quarter. American National Bank & Trust now owns 97 shares of the company’s stock valued at $28,000 after acquiring an additional 30 shares during the last quarter. Turtle Creek Wealth Advisors LLC grew its stake in L3Harris Technologies by 3.7% during 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 during the last quarter. Rainier Family Wealth Inc. grew its stake in L3Harris Technologies by 4.8% during the 4th quarter. Rainier Family Wealth Inc. now owns 700 shares of the company’s stock worth $205,000 after buying an additional 32 shares during the last quarter. Finally, San Luis Wealth Advisors LLC grew its stake in L3Harris Technologies by 5.1% during the 4th quarter. San Luis Wealth Advisors LLC now owns 705 shares of the company’s stock worth $207,000 after buying an additional 34 shares during the last quarter. 84.76% of the stock is currently owned by institutional investors.

Insider Transactions at L3Harris Technologies

In other news, VP Melanie Rakita sold 2,378 shares of the stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $341.45, for a total value of $811,968.10. Following the completion of the transaction, the vice president owned 4,882 shares of the company’s stock, valued at approximately $1,666,958.90. This represents a 32.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Samir Mehta sold 5,528 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $370.32, for a total value of $2,047,128.96. Following the completion of the transaction, the insider directly owned 7,756 shares of the company’s stock, valued at approximately $2,872,201.92. The trade was a 41.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 16,365 shares of company stock valued at $5,861,117. 0.68% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on LHX. Argus upgraded L3Harris Technologies to a “strong-buy” rating in a research note on Friday, February 27th. Citigroup upped their price objective on L3Harris Technologies from $389.00 to $418.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Wolfe Research restated an “outperform” rating on shares of L3Harris Technologies in a research note on Friday, January 30th. Morgan Stanley upped their price objective on L3Harris Technologies from $367.00 to $390.00 and gave the stock an “overweight” rating in a research note on Monday, February 2nd. Finally, Wall Street Zen upgraded L3Harris Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, L3Harris Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $354.75.

L3Harris Technologies Trading Up 0.1%

NYSE:LHX opened at $303.56 on Monday. L3Harris Technologies Inc has a 1 year low of $226.47 and a 1 year high of $379.23. The stock has a market cap of $56.55 billion, a price-to-earnings ratio of 32.96, a PEG ratio of 1.53 and a beta of 0.51. The business has a fifty day moving average of $342.05 and a 200-day moving average of $324.61. 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 released its quarterly 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 return on equity of 10.65% and a net margin of 7.71%.The company had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.42 billion. During the same quarter in the prior year, the business posted $2.41 earnings per share. The company’s revenue for the quarter 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. Equities analysts predict that L3Harris Technologies Inc will post 11.57 earnings per share for the current year.

L3Harris Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $5.00 annualized dividend and a dividend yield of 1.6%. L3Harris Technologies’s dividend payout ratio is presently 54.29%.

About L3Harris Technologies

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.