L3Harris Technologies Inc $LHX Shares Purchased by RPG Investment Advisory LLC

RPG Investment Advisory LLC increased its position in shares of L3Harris Technologies Inc (NYSE:LHX) by 217.0% in the first quarter, HoldingsChannel.com reports. The firm owned 111,464 shares of the company’s stock after acquiring an additional 76,300 shares during the quarter. L3Harris Technologies comprises 1.7% of RPG Investment Advisory LLC’s holdings, making the stock its 26th largest position. RPG Investment Advisory LLC’s holdings in L3Harris Technologies were worth $23,331,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of LHX. Transce3nd LLC increased its stake in shares of L3Harris Technologies by 7.9% during the first quarter. Transce3nd LLC now owns 652 shares of the company’s stock worth $137,000 after acquiring an additional 48 shares during the period. Koshinski Asset Management Inc. increased its stake in shares of L3Harris Technologies by 3.1% during the first quarter. Koshinski Asset Management Inc. now owns 1,688 shares of the company’s stock worth $353,000 after acquiring an additional 50 shares during the period. Cobblestone Capital Advisors LLC NY increased its stake in shares of L3Harris Technologies by 2.2% during the first quarter. Cobblestone Capital Advisors LLC NY now owns 2,404 shares of the company’s stock worth $503,000 after acquiring an additional 51 shares during the period. CWC Advisors LLC. grew its position in L3Harris Technologies by 2.1% during the fourth quarter. CWC Advisors LLC. now owns 2,596 shares of the company’s stock worth $546,000 after buying an additional 53 shares during the period. Finally, Callan Capital LLC grew its position in L3Harris Technologies by 5.0% during the first quarter. Callan Capital LLC now owns 1,107 shares of the company’s stock worth $232,000 after buying an additional 53 shares during the period. Institutional investors and hedge funds own 84.76% of the company’s stock.

L3Harris Technologies Stock Down 0.1%

LHX stock opened at $275.8180 on Friday. The company’s 50 day simple moving average is $263.15 and its 200-day simple moving average is $233.27. The firm has a market capitalization of $51.61 billion, a PE ratio of 30.82, a P/E/G ratio of 2.02 and a beta of 0.77. L3Harris Technologies Inc has a 12 month low of $193.09 and a 12 month high of $280.52. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.04 and a quick ratio of 0.87.

L3Harris Technologies (NYSE:LHX) last announced its earnings results on Thursday, July 24th. The company reported $2.78 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $5.31 billion. During the same quarter last year, the business earned $3.24 earnings per share. L3Harris Technologies’s revenue 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. Equities analysts expect that L3Harris Technologies Inc will post 11.12 earnings per share for the current fiscal year.

L3Harris Technologies Dividend Announcement

The company 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 1.7%. L3Harris Technologies’s dividend payout ratio (DPR) is 53.63%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. 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 target price on shares of L3Harris Technologies from $274.00 to $320.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. Barclays upped their target price on shares of L3Harris Technologies from $255.00 to $305.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Wall Street Zen lowered shares of L3Harris Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 5th. Finally, 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 research report on Friday, July 25th. Thirteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $279.47.

Insider Buying and Selling

In related news, insider Edward J. Zoiss sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $245.00, for a total transaction of $490,000.00. Following the sale, the insider owned 25,325 shares in the company, valued at approximately $6,204,625. This trade represents a 7.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher E. Kubasik sold 40,138 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $269.52, for a total transaction of $10,817,993.76. Following the transaction, the chief executive officer directly owned 145,578 shares in the company, valued at approximately $39,236,182.56. This represents a 21.61% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 147,199 shares of company stock worth $39,045,071. 0.72% of the stock is owned by company insiders.

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.