L3Harris Technologies Inc $LHX Shares Bought by Asset Planning Services Inc. LA ADV

Asset Planning Services Inc. LA ADV boosted its stake in L3Harris Technologies Inc (NYSE:LHX) by 0.3% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,385 shares of the company’s stock after buying an additional 75 shares during the quarter. L3Harris Technologies makes up about 2.7% of Asset Planning Services Inc. LA ADV’s holdings, making the stock its 17th biggest position. Asset Planning Services Inc. LA ADV’s holdings in L3Harris Technologies were worth $5,866,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Independence Bank of Kentucky lifted its stake in shares of L3Harris Technologies by 44.4% during the second quarter. Independence Bank of Kentucky now owns 130 shares of the company’s stock valued at $33,000 after buying an additional 40 shares during the period. DB Fitzpatrick & Co Inc lifted its stake in shares of L3Harris Technologies by 1.0% during the 2nd quarter. DB Fitzpatrick & Co Inc now owns 4,450 shares of the company’s stock worth $1,116,000 after purchasing an additional 42 shares during the period. Norway Savings Bank boosted its holdings in shares of L3Harris Technologies by 3.0% during the second quarter. Norway Savings Bank now owns 1,490 shares of the company’s stock worth $374,000 after purchasing an additional 44 shares during the last quarter. Salem Investment Counselors Inc. grew its position in shares of L3Harris Technologies by 3.7% in the second quarter. Salem Investment Counselors Inc. now owns 1,253 shares of the company’s stock valued at $314,000 after purchasing an additional 45 shares during the period. Finally, BankPlus Wealth Management LLC increased its stake in L3Harris Technologies by 2.2% in the second quarter. BankPlus Wealth Management LLC now owns 2,106 shares of the company’s stock valued at $528,000 after purchasing an additional 45 shares during the last quarter. 84.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity at L3Harris Technologies

In related news, CEO Christopher E. Kubasik sold 83,000 shares of L3Harris Technologies stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $279.90, for a total value of $23,231,700.00. Following the sale, the chief executive officer directly owned 145,578 shares in the company, valued at $40,747,282.20. This trade represents a 36.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold a total of 195,138 shares of company stock worth $53,571,774 in the last three months. 0.72% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

LHX has been the topic of several recent analyst reports. Susquehanna increased their price objective on shares of L3Harris Technologies from $300.00 to $320.00 and gave the stock a “positive” rating in a report on Friday, July 25th. Royal Bank Of Canada increased their price target on shares of L3Harris Technologies from $265.00 to $280.00 and gave the stock a “sector perform” rating in a research note on Friday, July 25th. Sanford C. Bernstein reiterated an “outperform” rating on shares of L3Harris Technologies in a report on Monday, July 14th. Truist Financial upped their price objective on L3Harris Technologies from $279.00 to $302.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Finally, UBS Group increased their target price on L3Harris Technologies from $262.00 to $280.00 and gave the stock a “neutral” rating in a research report on Friday, July 25th. Fourteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $279.47.

L3Harris Technologies Stock Performance

L3Harris Technologies stock opened at $297.52 on Monday. L3Harris Technologies Inc has a 52 week low of $193.09 and a 52 week high of $305.94. 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 stock has a market cap of $55.67 billion, a P/E ratio of 33.24, a price-to-earnings-growth ratio of 2.17 and a beta of 0.76. The stock has a 50 day moving average of $279.07 and a 200-day moving average of $250.10.

L3Harris Technologies (NYSE:LHX) last posted its quarterly earnings results on Thursday, July 24th. The company reported $2.78 EPS for the quarter, topping analysts’ consensus estimates of $2.48 by $0.30. L3Harris Technologies had a return on equity of 11.82% and a net margin of 7.94%.The business had revenue of $5.43 billion during 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 revenue for the quarter was up 2.4% compared to the same quarter last year. L3Harris Technologies has set its FY 2025 guidance at 10.400-10.600 EPS. On average, analysts expect that L3Harris Technologies Inc will post 11.12 EPS for the current fiscal year.

L3Harris Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 22nd. Stockholders of record on Friday, September 5th were issued a dividend of $1.20 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $4.80 annualized dividend and a dividend yield of 1.6%. L3Harris Technologies’s payout ratio is 53.63%.

L3Harris Technologies Company Profile

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.