O Shaughnessy Asset Management LLC Purchases 7,675 Shares of L3Harris Technologies Inc $LHX

O Shaughnessy Asset Management LLC grew its holdings in L3Harris Technologies Inc (NYSE:LHX) by 13.2% during the 4th quarter, HoldingsChannel reports. The firm owned 65,957 shares of the company’s stock after acquiring an additional 7,675 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in L3Harris Technologies were worth $19,363,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in LHX. REAP Financial Group LLC boosted its stake in L3Harris Technologies by 12.9% during the 4th quarter. REAP Financial Group LLC now owns 254 shares of the company’s stock valued at $74,000 after purchasing an additional 29 shares during the period. Burns J W & Co. Inc. NY increased its position in L3Harris Technologies by 3.1% in the 4th quarter. Burns J W & Co. Inc. NY now owns 987 shares of the company’s stock worth $290,000 after buying an additional 30 shares during the period. American National Bank & Trust increased its position in L3Harris Technologies by 44.8% in the 4th quarter. American National Bank & Trust now owns 97 shares of the company’s stock worth $28,000 after buying an additional 30 shares during the period. CYBER HORNET ETFs LLC lifted its holdings in shares of L3Harris Technologies by 5.8% during the fourth quarter. CYBER HORNET ETFs LLC now owns 547 shares of the company’s stock worth $161,000 after buying an additional 30 shares during the last quarter. Finally, Turtle Creek Wealth Advisors LLC boosted its position in shares of L3Harris Technologies by 3.7% in the fourth quarter. Turtle Creek Wealth Advisors LLC now owns 862 shares of the company’s stock valued at $253,000 after acquiring an additional 31 shares during the period. 84.76% of the stock is currently owned by institutional investors.

L3Harris Technologies Stock Down 2.0%

Shares of LHX stock opened at $301.82 on Tuesday. L3Harris Technologies Inc has a one year low of $237.56 and a one year high of $379.23. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.03 and a quick ratio of 0.89. The stock has a fifty day moving average price of $325.94 and a 200 day moving average price of $326.73. The stock has a market cap of $56.23 billion, a P/E ratio of 32.77, a price-to-earnings-growth ratio of 1.56 and a beta of 0.50.

L3Harris Technologies (NYSE:LHX) last announced its quarterly earnings data on Thursday, April 30th. The company reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.53 by $0.19. The company 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 business’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.41 EPS. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. Analysts predict that L3Harris Technologies Inc will post 11.52 earnings per share for the current year.

L3Harris Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be paid a dividend of $1.25 per share. The ex-dividend date is Friday, June 5th. This represents a $5.00 dividend on an annualized basis and a yield of 1.7%. L3Harris Technologies’s dividend payout ratio (DPR) is currently 54.29%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on LHX shares. Argus upgraded shares of L3Harris Technologies to a “strong-buy” rating in a research note on Friday, February 27th. Sanford C. Bernstein reduced their price target on shares of L3Harris Technologies to $405.00 and set an “outperform” rating for the company in a report on Monday, May 4th. UBS Group decreased their price target on shares of L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating on the stock in a research report on Friday, May 1st. Truist Financial upgraded shares of L3Harris Technologies to a “strong-buy” rating in a report on Friday, May 1st. Finally, Wall Street Zen raised shares of L3Harris Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $354.75.

Insiders Place Their Bets

In other news, VP Melanie Rakita sold 2,180 shares of the company’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 value of $676,781.00. Following the sale, the vice president directly owned 4,192 shares in the company, valued at approximately $1,301,406.40. This represents a 34.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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.