RFG Advisory LLC Boosts Holdings in L3Harris Technologies Inc $LHX

RFG Advisory LLC raised its position in L3Harris Technologies Inc (NYSE:LHX) by 137.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 4,469 shares of the company’s stock after buying an additional 2,583 shares during the quarter. RFG Advisory LLC’s holdings in L3Harris Technologies were worth $1,542,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of LHX. Korea Investment CORP lifted its holdings in L3Harris Technologies by 11.2% in the third quarter. Korea Investment CORP now owns 153,567 shares of the company’s stock valued at $46,901,000 after acquiring an additional 15,408 shares during the period. Allstate Corp grew its stake in shares of L3Harris Technologies by 106.7% during the 4th quarter. Allstate Corp now owns 13,985 shares of the company’s stock worth $4,106,000 after purchasing an additional 7,219 shares during the period. Neo Ivy Capital Management acquired a new position in shares of L3Harris Technologies during the 3rd quarter worth $1,203,000. Munich Reinsurance Co Stock Corp in Munich purchased a new position in shares of L3Harris Technologies in the 3rd quarter valued at about $72,446,000. Finally, Jain Global LLC lifted its stake in shares of L3Harris Technologies by 469.1% in the third quarter. Jain Global LLC now owns 45,861 shares of the company’s stock valued at $14,006,000 after purchasing an additional 37,803 shares during the period. Hedge funds and other institutional investors own 84.76% of the company’s stock.

L3Harris Technologies Trading Up 1.0%

Shares of L3Harris Technologies stock opened at $291.45 on Friday. L3Harris Technologies Inc has a fifty-two week low of $245.12 and a fifty-two week high of $379.23. The firm has a market cap of $54.29 billion, a PE ratio of 31.65, a P/E/G ratio of 1.47 and a beta of 0.50. The business’s fifty day moving average is $310.84 and its two-hundred day moving average is $328.53. 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 (NYSE:LHX) last posted its quarterly earnings data on Thursday, April 30th. The company reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.19. The business had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.42 billion. L3Harris Technologies had a return on equity of 10.65% and a net margin of 7.71%.The business’s revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the firm earned $2.41 earnings per share. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. Analysts anticipate that L3Harris Technologies Inc will post 11.52 earnings per share for the current year.

L3Harris Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 5th were issued a $1.25 dividend. The ex-dividend date was Friday, June 5th. This represents a $5.00 annualized dividend and a yield of 1.7%. L3Harris Technologies’s payout ratio is 54.29%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Sanford C. Bernstein decreased their price objective on shares of L3Harris Technologies to $405.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. Truist Financial upgraded shares of L3Harris Technologies to a “strong-buy” rating in a research report on Friday, May 1st. UBS Group decreased their price target on L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating on the stock in a research note on Friday, May 1st. Weiss Ratings downgraded L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday. Finally, Wall Street Zen raised L3Harris Technologies from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $354.75.

Insider Buying and Selling

In other news, VP Melanie Rakita sold 2,180 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $310.45, for a total transaction of $676,781.00. Following the completion of the transaction, the vice president owned 4,192 shares of the company’s stock, valued at $1,301,406.40. This represents a 34.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.68% of the stock is owned by company insiders.

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.