L3Harris Technologies Inc $LHX Shares Sold by Elk River Wealth Management LLC

Elk River Wealth Management LLC lessened its position in L3Harris Technologies Inc (NYSE:LHX) by 26.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,268 shares of the company’s stock after selling 8,040 shares during the period. L3Harris Technologies comprises 1.3% of Elk River Wealth Management LLC’s portfolio, making the stock its 23rd largest holding. Elk River Wealth Management LLC’s holdings in L3Harris Technologies were worth $7,686,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Fideuram Asset Management Ireland dac acquired a new position in L3Harris Technologies in the 4th quarter valued at $25,000. University of Texas Texas AM Investment Management Co. purchased a new stake in L3Harris Technologies in the fourth quarter valued at approximately $25,000. Motiv8 Investments LLC acquired a new position in L3Harris Technologies during the fourth quarter worth approximately $25,000. Caitlin John LLC purchased a new position in L3Harris Technologies during the third quarter worth approximately $28,000. Finally, American National Bank & Trust boosted 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 purchasing an additional 30 shares during the last quarter. Institutional investors and hedge funds own 84.76% of the company’s stock.

Insider Activity at L3Harris Technologies

In related news, VP Melanie Rakita sold 2,180 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $310.45, for a total transaction of $676,781.00. Following the transaction, the vice president directly 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 legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.68% of the company’s stock.

L3Harris Technologies Stock Performance

NYSE:LHX opened at $285.66 on Tuesday. The firm’s fifty day simple moving average is $316.07 and its 200 day simple moving average is $328.55. The company has a current ratio of 1.03, a quick ratio of 0.89 and a debt-to-equity ratio of 0.47. L3Harris Technologies Inc has a twelve month low of $243.84 and a twelve month high of $379.23. The firm has a market capitalization of $53.22 billion, a price-to-earnings ratio of 31.02, a PEG ratio of 1.49 and a beta of 0.50.

L3Harris Technologies (NYSE:LHX) last announced its quarterly earnings results on Thursday, April 30th. The company reported $2.72 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.42 billion. During the same period in the prior year, the firm earned $2.41 EPS. The firm’s quarterly 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. As a group, equities research analysts expect that L3Harris Technologies Inc will post 11.52 earnings per share for the current fiscal year.

L3Harris Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, June 5th. L3Harris Technologies’s dividend payout ratio (DPR) is presently 54.29%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on LHX shares. Sanford C. Bernstein lowered their price objective on shares of L3Harris Technologies to $405.00 and set an “outperform” rating for the company in a research note on Monday, May 4th. Argus upgraded L3Harris Technologies to a “strong-buy” rating in a report on Friday, February 27th. UBS Group lowered their price target on L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating for the company in a research report on Friday, May 1st. Weiss Ratings upgraded L3Harris Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. Finally, Wall Street Zen upgraded L3Harris Technologies from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Two equities research 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, the company presently 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.