L3Harris Technologies Inc $LHX Position Raised by Ritholtz Wealth Management

Ritholtz Wealth Management boosted its position in L3Harris Technologies Inc (NYSE:LHX) by 26.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,934 shares of the company’s stock after purchasing an additional 2,069 shares during the period. Ritholtz Wealth Management’s holdings in L3Harris Technologies were worth $3,429,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fideuram Asset Management Ireland dac bought a new stake in shares of L3Harris Technologies in the 4th quarter worth approximately $25,000. Motiv8 Investments LLC bought a new position in shares of L3Harris Technologies in the fourth quarter valued at $25,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of L3Harris Technologies in the fourth quarter valued at $25,000. Caitlin John LLC acquired a new stake in shares of L3Harris Technologies during the 3rd quarter valued at $28,000. Finally, American National Bank & Trust boosted its stake in shares of L3Harris Technologies by 44.8% during the 4th quarter. American National Bank & Trust now owns 97 shares of the company’s stock worth $28,000 after acquiring an additional 30 shares in the last quarter. 84.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LHX has been the topic of a number of recent research reports. UBS Group decreased their target price on L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating on the stock in a report on Friday, May 1st. Argus upgraded L3Harris Technologies to a “strong-buy” rating in a research report on Friday, February 27th. Weiss Ratings downgraded L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday. Wall Street Zen raised shares of L3Harris Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Finally, Truist Financial upgraded shares of L3Harris Technologies to a “strong-buy” rating in a report on Friday, May 1st. Two research 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $354.75.

Insider Buying and Selling at L3Harris Technologies

In other news, VP Melanie Rakita sold 2,180 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $310.45, for a total value of $676,781.00. Following the completion of the sale, the vice president directly owned 4,192 shares of the company’s stock, valued at $1,301,406.40. This represents a 34.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.68% of the stock is owned by corporate insiders.

L3Harris Technologies Price Performance

LHX opened at $288.55 on Friday. The firm has a market capitalization of $53.75 billion, a P/E ratio of 31.33, a PEG ratio of 1.45 and a beta of 0.50. The stock has a fifty day moving average of $312.13 and a 200-day moving average of $328.79. 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 Inc has a 12-month low of $245.12 and a 12-month high of $379.23.

L3Harris Technologies (NYSE:LHX) last issued its quarterly earnings results on Thursday, April 30th. The company reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.53 by $0.19. The business had revenue of $5.74 billion for 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%.L3Harris Technologies’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.41 earnings per share. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. Equities analysts forecast that L3Harris Technologies Inc will post 11.52 EPS for the current fiscal year.

L3Harris Technologies Announces Dividend

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