Heck Capital Advisors LLC Has $673,000 Holdings in L3Harris Technologies Inc $LHX

Heck Capital Advisors LLC grew its position in shares of L3Harris Technologies Inc (NYSE:LHX) by 4.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,683 shares of the company’s stock after buying an additional 117 shares during the quarter. Heck Capital Advisors LLC’s holdings in L3Harris Technologies were worth $673,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of LHX. Brighton Jones LLC grew its position in L3Harris Technologies by 233.9% during the 4th quarter. Brighton Jones LLC now owns 4,284 shares of the company’s stock worth $901,000 after acquiring an additional 3,001 shares during the last quarter. Wedmont Private Capital boosted its stake in L3Harris Technologies by 9.8% in the first quarter. Wedmont Private Capital now owns 1,109 shares of the company’s stock worth $246,000 after purchasing an additional 99 shares in the last quarter. Park Avenue Securities LLC grew its holdings in shares of L3Harris Technologies by 24.4% during the first quarter. Park Avenue Securities LLC now owns 6,919 shares of the company’s stock worth $1,448,000 after purchasing an additional 1,359 shares during the last quarter. Capital Investment Advisors LLC increased its stake in shares of L3Harris Technologies by 18.4% in the first quarter. Capital Investment Advisors LLC now owns 7,352 shares of the company’s stock valued at $1,539,000 after buying an additional 1,141 shares in the last quarter. Finally, Courier Capital LLC bought a new position in shares of L3Harris Technologies in the first quarter valued at about $266,000. Institutional investors own 84.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on LHX shares. 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. Citigroup boosted their target price on L3Harris Technologies from $300.00 to $323.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Wall Street Zen raised shares of L3Harris Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 22nd. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of L3Harris Technologies in a report on Monday, July 14th. Finally, Royal Bank Of Canada increased their price target on L3Harris Technologies from $265.00 to $280.00 and gave the company a “sector perform” rating in a research note on Friday, July 25th. Fourteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, L3Harris Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $279.47.

Insider Buying and Selling

In related news, CEO Christopher E. Kubasik sold 83,000 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief executive officer directly owned 145,578 shares of the company’s stock, valued at approximately $40,747,282.20. This represents a 36.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders have sold 195,138 shares of company stock valued at $53,571,774. Insiders own 0.72% of the company’s stock.

L3Harris Technologies Trading Up 1.9%

NYSE LHX opened at $302.99 on Tuesday. L3Harris Technologies Inc has a one year low of $193.09 and a one year high of $305.94. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.04 and a quick ratio of 0.87. The firm has a market cap of $56.69 billion, a P/E ratio of 33.85, a P/E/G ratio of 2.17 and a beta of 0.76. The stock’s 50-day moving average is $279.74 and its 200-day moving average is $250.77.

L3Harris Technologies (NYSE:LHX) last posted 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 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 analysts’ expectations of $5.31 billion. During the same period in the prior year, the business earned $3.24 EPS. L3Harris Technologies’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. Sell-side analysts anticipate that L3Harris Technologies Inc will post 11.12 earnings per share for the current fiscal year.

L3Harris Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 22nd. Investors of record on Friday, September 5th were issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Friday, September 5th. L3Harris Technologies’s dividend payout ratio (DPR) is presently 53.63%.

L3Harris Technologies 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.