L3Harris Technologies (NYSE:LHX) VP Melanie Rakita Sells 2,180 Shares

L3Harris Technologies Inc (NYSE:LHX) VP Melanie Rakita sold 2,180 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $310.45, for a total transaction of $676,781.00. Following the sale, the vice president owned 4,192 shares of the company’s stock, valued at $1,301,406.40. This trade represents a 34.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Melanie Rakita also recently made the following trade(s):

• On Monday, March 2nd, Melanie Rakita sold 751 shares of L3Harris Technologies stock. The shares were sold at an average price of $370.32, for a total transaction of $278,110.32.
• On Thursday, February 26th, Melanie Rakita sold 2,378 shares of L3Harris Technologies stock. The shares were sold at an average price of $341.45, for a total transaction of $811,968.10.

L3Harris Technologies Trading Down 2.0%

Shares of LHX stock opened at $302.58 on Wednesday. The company has a 50 day moving average of $351.13 and a 200-day moving average of $323.81. 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 $214.10 and a 12-month high of $379.23. The firm has a market cap of $56.37 billion, a P/E ratio of 32.85, a PEG ratio of 1.56 and a beta of 0.51.

L3Harris Technologies (NYSE:LHX) last posted its quarterly earnings data on Thursday, April 30th. The company reported $2.72 EPS for the quarter, beating the consensus estimate of $2.53 by $0.19. L3Harris Technologies had a return on equity of 10.65% and a net margin of 7.71%.The business had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.42 billion. During the same quarter in the prior year, the business earned $2.41 earnings per share. L3Harris Technologies’s revenue for the quarter was up 11.9% on a year-over-year basis. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. Sell-side analysts anticipate that L3Harris Technologies Inc will post 11.54 earnings per share for the current year.

L3Harris Technologies Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on LHX shares. Susquehanna restated a “positive” rating on shares of L3Harris Technologies in a research note on Thursday, January 15th. JPMorgan Chase & Co. lifted their target price on shares of L3Harris Technologies from $340.00 to $395.00 and gave the stock an “overweight” rating in a research note on Thursday, February 5th. Citigroup boosted their price target on shares of L3Harris Technologies from $389.00 to $418.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Sanford C. Bernstein cut their price objective on shares of L3Harris Technologies to $405.00 and set an “outperform” rating for the company in a report on Monday. Finally, Royal Bank Of Canada lifted their price objective on shares of L3Harris Technologies from $360.00 to $365.00 and gave the company a “sector perform” rating in a research note on Friday, January 30th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, L3Harris Technologies has an average rating of “Moderate Buy” and a consensus price target of $354.75.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Independent Financial Group LLC purchased a new position in L3Harris Technologies during the first quarter valued at approximately $769,000. Prosperity Consulting Group LLC lifted its stake in L3Harris Technologies by 6.2% in the 1st quarter. Prosperity Consulting Group LLC now owns 1,807 shares of the company’s stock worth $624,000 after purchasing an additional 106 shares in the last quarter. W.G. Shaheen & Associates DBA Whitney & Co boosted its holdings in L3Harris Technologies by 2.6% in the 1st quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 1,960 shares of the company’s stock valued at $676,000 after purchasing an additional 50 shares during the period. Wealthfront Advisers LLC boosted its holdings in L3Harris Technologies by 54.6% in the 1st quarter. Wealthfront Advisers LLC now owns 20,091 shares of the company’s stock valued at $6,934,000 after purchasing an additional 7,095 shares during the period. Finally, Beaumont Financial Advisors LLC purchased a new position in shares of L3Harris Technologies during the 1st quarter valued at $209,000. Hedge funds and other institutional investors own 84.76% 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.