1,900 Shares in L3Harris Technologies Inc $LHX Acquired by Blue Rock Wealth Management LLC

Blue Rock Wealth Management LLC purchased a new position in shares of L3Harris Technologies Inc (NYSE:LHX) during the first quarter, Holdings Channel reports. The firm purchased 1,900 shares of the company’s stock, valued at approximately $398,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LHX. Brighton Jones LLC raised its position in L3Harris Technologies by 233.9% during the 4th quarter. Brighton Jones LLC now owns 4,284 shares of the company’s stock worth $901,000 after purchasing an additional 3,001 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its position in shares of L3Harris Technologies by 21.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 7,077 shares of the company’s stock worth $1,488,000 after buying an additional 1,236 shares in the last quarter. Focus Partners Wealth raised its holdings in shares of L3Harris Technologies by 5.3% in the 4th quarter. Focus Partners Wealth now owns 67,176 shares of the company’s stock worth $14,266,000 after purchasing an additional 3,375 shares during the period. Jefferies Financial Group Inc. bought a new stake in shares of L3Harris Technologies in the 4th quarter worth approximately $232,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in L3Harris Technologies by 26.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 143,073 shares of the company’s stock valued at $30,085,000 after buying an additional 29,644 shares in the last quarter. 84.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LHX has been the subject of several research reports. UBS Group upped their target price on shares of L3Harris Technologies from $262.00 to $280.00 and gave the stock a “neutral” rating in a research report on Friday, July 25th. Robert W. Baird upped their price objective on shares of L3Harris Technologies from $274.00 to $320.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. Royal Bank Of Canada boosted their price target on shares of L3Harris Technologies from $265.00 to $280.00 and gave the company a “sector perform” rating in a research report on Friday, July 25th. Citigroup increased their price target on shares of L3Harris Technologies from $300.00 to $323.00 and gave the company a “buy” rating in a report on Friday, July 25th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of L3Harris Technologies in a report on Monday, July 14th. Thirteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, L3Harris Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $279.47.

Insiders Place Their Bets

In other L3Harris Technologies news, CEO Christopher E. Kubasik sold 72,000 shares of L3Harris Technologies stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $271.14, for a total value of $19,522,080.00. Following the completion of the transaction, the chief executive officer owned 145,578 shares of the company’s stock, valued at approximately $39,472,018.92. The trade was a 33.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 145,199 shares of company stock valued at $38,555,071 over the last three months. 0.72% of the stock is currently owned by insiders.

L3Harris Technologies Stock Performance

Shares of NYSE:LHX opened at $270.55 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $50.62 billion, a price-to-earnings ratio of 30.23, a PEG ratio of 2.00 and a beta of 0.76. The firm’s 50-day moving average is $269.72 and its 200 day moving average is $240.07. L3Harris Technologies Inc has a 12 month low of $193.09 and a 12 month high of $280.52.

L3Harris Technologies (NYSE:LHX) last released its quarterly earnings data on Thursday, July 24th. The company reported $2.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.48 by $0.30. L3Harris Technologies had a net margin of 7.94% and a return on equity of 11.82%. The firm had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.31 billion. During the same period last year, the firm earned $3.24 earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis. L3Harris Technologies has set its FY 2025 guidance at 10.400-10.600 EPS. Research analysts predict that L3Harris Technologies Inc will post 11.12 EPS for the current year.

L3Harris Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 22nd. Investors of record on Friday, September 5th will be given a dividend of $1.20 per share. The ex-dividend date is Friday, September 5th. This represents a $4.80 dividend on an annualized basis and a yield of 1.8%. L3Harris Technologies’s payout ratio is currently 53.63%.

About L3Harris Technologies

L3Harris Technologies, Inc provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides intelligence, surveillance, and reconnaissance (ISR) systems, passive sensing and targeting, electronic attack, autonomy, power and communications, and networks and sensors, as well as advanced combat systems for air, land, and sea sectors.