Rokos Capital Management LLP Buys Shares of 172,704 L3Harris Technologies Inc $LHX

Rokos Capital Management LLP bought a new position in L3Harris Technologies Inc (NYSE:LHX) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 172,704 shares of the company’s stock, valued at approximately $59,611,000. L3Harris Technologies makes up approximately 0.5% of Rokos Capital Management LLP’s investment portfolio, making the stock its 24th biggest position.

Several other hedge funds have also modified their holdings of LHX. Cedar Mountain Advisors LLC raised its stake in shares of L3Harris Technologies by 1,233.3% during the 1st quarter. Cedar Mountain Advisors LLC now owns 80 shares of the company’s stock worth $28,000 after acquiring an additional 74 shares in the last quarter. University of Texas Texas AM Investment Management Co. acquired a new stake in L3Harris Technologies in the fourth quarter valued at approximately $25,000. Tower View Wealth Management LLC acquired a new stake in L3Harris Technologies in the first quarter valued at approximately $29,000. Fideuram Asset Management Ireland dac purchased a new position in L3Harris Technologies in the fourth quarter worth $25,000. Finally, Motiv8 Investments LLC purchased a new position in L3Harris Technologies in the fourth quarter worth $25,000. 84.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, 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 value of $676,781.00. Following the completion of the transaction, the vice president directly owned 4,192 shares in the company, valued at $1,301,406.40. This trade represents a 34.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.68% of the stock is currently owned by insiders.

L3Harris Technologies Trading Up 1.2%

NYSE:LHX opened at $303.74 on Tuesday. The company has a market capitalization of $56.58 billion, a P/E ratio of 32.98, a PEG ratio of 1.52 and a beta of 0.51. The company has a current ratio of 1.03, a quick ratio of 0.89 and a debt-to-equity ratio of 0.47. L3Harris Technologies Inc has a 12 month low of $267.25 and a 12 month high of $379.23. The firm has a fifty day simple moving average of $299.22 and a 200-day simple moving average of $328.63.

L3Harris Technologies (NYSE:LHX) last released its earnings results on Thursday, April 30th. The company reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.53 by $0.19. The firm had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.42 billion. L3Harris Technologies had a return on equity of 10.65% and a net margin of 7.71%.The firm’s revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.41 EPS. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. On average, equities research 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 disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.6%. L3Harris Technologies’s dividend payout ratio is currently 54.29%.

Wall Street Analyst Weigh In

LHX has been the subject of several analyst reports. Truist Financial upgraded L3Harris Technologies to a “strong-buy” rating in a report 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, June 23rd. UBS Group decreased their price target on L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating for the company in a research note on Friday, May 1st. Wall Street Zen raised L3Harris Technologies from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Finally, Sanford C. Bernstein dropped their price target on L3Harris Technologies to $405.00 and set an “outperform” rating on the stock in a research note on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, L3Harris Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $361.70.

About L3Harris Technologies

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.