L3Harris Technologies Inc $LHX Stake Lowered by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. cut its holdings in shares of L3Harris Technologies Inc (NYSE:LHX) by 4.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,119 shares of the company’s stock after selling 2,385 shares during the period. Dana Investment Advisors Inc.’s holdings in L3Harris Technologies were worth $13,833,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in LHX. Brighton Jones LLC boosted its position in shares of L3Harris Technologies by 233.9% during the fourth quarter. Brighton Jones LLC now owns 4,284 shares of the company’s stock worth $901,000 after buying an additional 3,001 shares during the period. Jump Financial LLC boosted its position in shares of L3Harris Technologies by 14.9% during the second quarter. Jump Financial LLC now owns 2,995 shares of the company’s stock worth $751,000 after buying an additional 388 shares during the period. NewEdge Advisors LLC boosted its position in shares of L3Harris Technologies by 14.2% during the second quarter. NewEdge Advisors LLC now owns 17,082 shares of the company’s stock worth $4,285,000 after buying an additional 2,130 shares during the period. Nebula Research & Development LLC acquired a new position in shares of L3Harris Technologies during the second quarter worth approximately $856,000. Finally, CIBC Asset Management Inc boosted its position in shares of L3Harris Technologies by 116.2% during the second quarter. CIBC Asset Management Inc now owns 61,988 shares of the company’s stock worth $15,549,000 after buying an additional 33,321 shares during the period. 84.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LHX has been the subject of several analyst reports. Morgan Stanley boosted their price objective on L3Harris Technologies from $367.00 to $390.00 and gave the stock an “overweight” rating in a research report on Monday, February 2nd. Weiss Ratings upgraded L3Harris Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday. Truist Financial upgraded L3Harris Technologies to a “strong-buy” rating in a research report on Friday, May 1st. Sanford C. Bernstein cut their target price on L3Harris Technologies to $405.00 and set an “outperform” rating for the company in a research report on Monday, May 4th. Finally, Royal Bank Of Canada upped their target price on L3Harris Technologies from $360.00 to $365.00 and gave the stock a “sector perform” rating in a research report on Friday, January 30th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, L3Harris Technologies has a consensus rating of “Moderate Buy” and an average target price of $354.75.

Insider Buying and Selling at L3Harris Technologies

In other L3Harris Technologies news, VP Melanie Rakita sold 2,378 shares of the company’s 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 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Samir Mehta sold 5,528 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were 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 in the company, valued at $2,872,201.92. This represents a 41.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 16,365 shares of company stock valued at $5,861,117. Corporate insiders own 0.68% of the company’s stock.

L3Harris Technologies Stock Performance

LHX opened at $303.56 on Friday. The company has a market capitalization of $56.55 billion, a price-to-earnings ratio of 32.96, a price-to-earnings-growth ratio of 1.53 and a beta of 0.51. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.03 and a quick ratio of 0.89. L3Harris Technologies Inc has a 1-year low of $226.47 and a 1-year high of $379.23. The business has a 50 day moving average price of $342.05 and a two-hundred day moving average price of $324.38.

L3Harris Technologies (NYSE:LHX) last released its earnings results on Thursday, April 30th. The company reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.19. The firm had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.42 billion. L3Harris Technologies had a return on equity of 10.65% and a net margin of 7.71%.The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.41 earnings per share. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. Research analysts predict that L3Harris Technologies Inc will post 11.57 EPS for the current fiscal year.

L3Harris Technologies Announces Dividend

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

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.