Atria Investments Inc Increases Position in L3Harris Technologies Inc $LHX

Atria Investments Inc grew its holdings in L3Harris Technologies Inc (NYSE:LHX) by 77.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 14,800 shares of the company’s stock after buying an additional 6,482 shares during the period. Atria Investments Inc’s holdings in L3Harris Technologies were worth $4,345,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in LHX. Victory Capital Management Inc. raised its holdings in shares of L3Harris Technologies by 1,053.9% in the third quarter. Victory Capital Management Inc. now owns 1,181,900 shares of the company’s stock valued at $360,964,000 after buying an additional 1,079,474 shares during the last quarter. Artisan Partners Limited Partnership purchased a new stake in shares of L3Harris Technologies in the third quarter valued at about $211,703,000. Two Sigma Investments LP raised its holdings in shares of L3Harris Technologies by 560.7% in the third quarter. Two Sigma Investments LP now owns 614,287 shares of the company’s stock valued at $187,609,000 after buying an additional 521,312 shares during the last quarter. M&T Bank Corp raised its holdings in shares of L3Harris Technologies by 3,127.8% in the fourth quarter. M&T Bank Corp now owns 408,740 shares of the company’s stock valued at $119,994,000 after buying an additional 396,077 shares during the last quarter. Finally, Balyasny Asset Management L.P. raised its holdings in L3Harris Technologies by 42.0% during the third quarter. Balyasny Asset Management L.P. now owns 1,101,285 shares of the company’s stock worth $336,343,000 after purchasing an additional 325,963 shares in the last quarter. 84.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on LHX. Argus raised shares of L3Harris Technologies to a “strong-buy” rating in a report on Friday, February 27th. Wolfe Research reissued an “outperform” rating on shares of L3Harris Technologies in a report on Friday, January 30th. Wall Street Zen raised shares of L3Harris Technologies from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. JPMorgan Chase & Co. increased their price target on shares of L3Harris Technologies from $340.00 to $395.00 and gave the stock an “overweight” rating in a report on Thursday, February 5th. Finally, Morgan Stanley increased their price target on shares of L3Harris Technologies from $367.00 to $390.00 and gave the stock an “overweight” rating in a report on Monday, February 2nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $354.75.

Insiders Place Their Bets

In other L3Harris Technologies news, VP Melanie Rakita sold 2,378 shares of the company’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $341.45, for a total transaction of $811,968.10. Following the transaction, the vice president directly owned 4,882 shares in the company, valued at approximately $1,666,958.90. This represents a 32.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jon Rambeau sold 5,528 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $370.32, for a total transaction of $2,047,128.96. Following the transaction, the insider owned 7,660 shares in the company, valued at $2,836,651.20. The trade was a 41.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 16,365 shares of company stock worth $5,861,117. 0.68% of the stock is owned by company insiders.

L3Harris Technologies Trading Down 1.3%

Shares of LHX opened at $303.56 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.89 and a debt-to-equity ratio of 0.47. The firm’s 50-day moving average is $342.05 and its two-hundred day moving average is $324.38. L3Harris Technologies Inc has a twelve month low of $226.47 and a twelve month high of $379.23. The firm has a market capitalization of $56.55 billion, a P/E ratio of 32.96, a PEG ratio of 1.53 and a beta of 0.51.

L3Harris Technologies (NYSE:LHX) last issued its earnings results on Thursday, April 30th. The company reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.19. L3Harris Technologies had a net margin of 7.71% and a return on equity of 10.65%. The company had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.42 billion. During the same period in the prior year, the business posted $2.41 earnings per share. The firm’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. On average, research analysts predict that L3Harris Technologies Inc will post 11.57 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. Shareholders of record on Friday, June 5th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, June 5th. 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.