5,500 Shares in L3Harris Technologies Inc $LHX Bought by Themes Management Co LLC

Themes Management Co LLC purchased a new position in shares of L3Harris Technologies Inc (NYSE:LHX) in the fourth quarter, Holdings Channel.com reports. The firm purchased 5,500 shares of the company’s stock, valued at approximately $1,615,000. L3Harris Technologies accounts for approximately 1.2% of Themes Management Co LLC’s holdings, making the stock its 20th largest holding.

Other institutional investors have also made changes to their positions in the company. Allstate Corp lifted its stake in L3Harris Technologies by 106.7% in the fourth 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 last quarter. MSH Capital Advisors LLC acquired a new position in L3Harris Technologies during the fourth quarter worth $266,000. Annis Gardner Whiting Capital Advisors LLC increased its position in L3Harris Technologies by 345.3% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,407 shares of the company’s stock worth $413,000 after buying an additional 1,091 shares during the last quarter. Fisher Asset Management LLC raised its holdings in L3Harris Technologies by 156.1% during the fourth quarter. Fisher Asset Management LLC now owns 7,071 shares of the company’s stock valued at $2,076,000 after buying an additional 4,310 shares in the last quarter. Finally, 44 Wealth Management LLC raised its holdings in L3Harris Technologies by 1.3% during the fourth quarter. 44 Wealth Management LLC now owns 4,399 shares of the company’s stock valued at $1,291,000 after buying an additional 56 shares in the last quarter. 84.76% of the stock is currently owned by institutional investors and hedge funds.

L3Harris Technologies Stock Up 0.0%

NYSE LHX opened at $312.12 on Tuesday. L3Harris Technologies Inc has a twelve month low of $235.72 and a twelve month high of $379.23. 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 stock has a market cap of $58.15 billion, a PE ratio of 33.89, a PEG ratio of 1.58 and a beta of 0.51. The firm has a 50-day simple moving average of $335.61 and a 200 day simple moving average of $325.46.

L3Harris Technologies (NYSE:LHX) last announced its quarterly earnings data on Thursday, April 30th. The company reported $2.72 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $5.42 billion. During the same quarter last year, the company earned $2.41 EPS. The company’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. On average, research analysts forecast that L3Harris Technologies Inc will post 11.52 EPS for the current year.

L3Harris Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, June 5th. L3Harris Technologies’s dividend payout ratio (DPR) is 54.29%.

Analyst Ratings Changes

Several analysts have recently issued reports on LHX shares. Sanford C. Bernstein decreased their price target on L3Harris Technologies to $405.00 and set an “outperform” rating for the company in a research note on Monday, May 4th. UBS Group reduced their target price on L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating for the company in a report on Friday, May 1st. JPMorgan Chase & Co. upped their target price on L3Harris Technologies from $340.00 to $395.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. Wall Street Zen upgraded L3Harris Technologies from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Finally, Morgan Stanley lifted their price target on shares of L3Harris Technologies from $367.00 to $390.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, L3Harris Technologies has an average rating of “Moderate Buy” and an average price target of $354.75.

Insiders Place Their Bets

In other L3Harris Technologies news, VP Melanie Rakita sold 2,180 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were 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 $1,301,406.40. The trade was a 34.21% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jon Rambeau sold 5,528 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $370.32, for a total transaction of $2,047,128.96. Following the completion of the transaction, the insider owned 7,660 shares of the company’s stock, valued at approximately $2,836,651.20. This represents a 41.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 16,365 shares of company stock worth $5,861,117 over the last 90 days. Corporate insiders own 0.68% of the company’s stock.

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.