Sei Investments Co. Has $230.06 Million Stock Position in L3Harris Technologies Inc $LHX

Sei Investments Co. raised its holdings in L3Harris Technologies Inc (NYSE:LHX) by 11.3% in the 1st quarter, HoldingsChannel reports. The firm owned 666,545 shares of the company’s stock after purchasing an additional 67,464 shares during the quarter. Sei Investments Co.’s holdings in L3Harris Technologies were worth $230,064,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Davis R M Inc. raised its position in shares of L3Harris Technologies by 31.0% during the first quarter. Davis R M Inc. now owns 2,152 shares of the company’s stock worth $743,000 after acquiring an additional 509 shares during the last quarter. State of Wyoming raised its holdings in L3Harris Technologies by 144.9% during the 1st quarter. State of Wyoming now owns 933 shares of the company’s stock worth $322,000 after purchasing an additional 552 shares during the last quarter. Militia Capital Management LLC acquired a new position in L3Harris Technologies during the 1st quarter valued at about $1,532,000. Signature Equity Partners LLC grew its position in shares of L3Harris Technologies by 2.3% during the 1st quarter. Signature Equity Partners LLC now owns 1,863 shares of the company’s stock worth $643,000 after buying an additional 41 shares during the period. Finally, CI Investments Inc. grew its position in shares of L3Harris Technologies by 147.3% during the 1st quarter. CI Investments Inc. now owns 29,973 shares of the company’s stock worth $10,345,000 after buying an additional 17,855 shares during the period. 84.76% of the stock is owned by institutional investors.

L3Harris Technologies Trading Up 2.6%

Shares of NYSE LHX opened at $285.03 on Thursday. The company’s fifty day moving average is $299.58 and its 200-day moving average is $328.82. The stock has a market cap of $53.10 billion, a price-to-earnings ratio of 30.95, a P/E/G ratio of 1.41 and a beta of 0.51. L3Harris Technologies Inc has a twelve month low of $262.98 and a twelve month high of $379.23. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 0.47.

L3Harris Technologies (NYSE:LHX) last released its quarterly earnings data on Thursday, April 30th. The company reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.53 by $0.19. The business had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.42 billion. L3Harris Technologies had a net margin of 7.71% and a return on equity of 10.65%. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.41 EPS. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. Equities research analysts predict that L3Harris Technologies Inc will post 11.54 EPS for the current year.

Insider Transactions at L3Harris Technologies

In other L3Harris Technologies news, VP Melanie Rakita sold 2,180 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $310.45, for a total value of $676,781.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Truist Financial upgraded shares of L3Harris Technologies to a “strong-buy” rating in a report on Friday, May 1st. UBS Group reduced their price target on L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating on the stock in a research report on Friday, May 1st. Weiss Ratings cut L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. Sanford C. Bernstein dropped their price objective on L3Harris Technologies to $405.00 and set an “outperform” rating for the company in a report on Monday, May 4th. Finally, Wall Street Zen raised L3Harris Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, L3Harris Technologies presently has an average 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.