L3Harris Technologies Inc $LHX Shares Sold by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. reduced its position in L3Harris Technologies Inc (NYSE:LHX) by 13.5% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,460 shares of the company’s stock after selling 228 shares during the quarter. Koshinski Asset Management Inc.’s holdings in L3Harris Technologies were worth $366,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Huntleigh Advisors Inc. increased its stake in L3Harris Technologies by 2.1% in the 2nd quarter. Huntleigh Advisors Inc. now owns 4,417 shares of the company’s stock valued at $1,108,000 after buying an additional 92 shares during the period. Nicholson Wealth Management Group LLC boosted its position in shares of L3Harris Technologies by 0.8% during the 2nd quarter. Nicholson Wealth Management Group LLC now owns 7,251 shares of the company’s stock worth $1,819,000 after purchasing an additional 56 shares in the last quarter. AssuredPartners Investment Advisors LLC boosted its position in shares of L3Harris Technologies by 8.8% during the 2nd quarter. AssuredPartners Investment Advisors LLC now owns 18,431 shares of the company’s stock worth $4,623,000 after purchasing an additional 1,486 shares in the last quarter. Applied Finance Capital Management LLC purchased a new stake in shares of L3Harris Technologies during the 2nd quarter worth $1,091,000. Finally, Riverbend Wealth Management LLC boosted its position in shares of L3Harris Technologies by 4.3% during the 2nd quarter. Riverbend Wealth Management LLC now owns 1,027 shares of the company’s stock worth $258,000 after purchasing an additional 42 shares in the last quarter. 84.76% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Christopher E. Kubasik sold 83,000 shares of the business’s stock in a transaction dated 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 owned 145,578 shares of the company’s stock, valued at approximately $40,747,282.20. The trade was a 36.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, 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 Price Performance

L3Harris Technologies stock opened at $290.88 on Tuesday. L3Harris Technologies Inc has a 52 week low of $193.09 and a 52 week high of $308.12. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 0.57. The firm’s 50-day simple moving average is $283.63 and its 200 day simple moving average is $256.66. The firm has a market capitalization of $54.42 billion, a PE ratio of 32.50, a P/E/G ratio of 2.07 and a beta of 0.76.

L3Harris Technologies (NYSE:LHX) last released its quarterly earnings data on Thursday, July 24th. The company reported $2.78 EPS for the quarter, topping the consensus estimate of $2.48 by $0.30. L3Harris Technologies had a net margin of 7.94% and a return on equity of 11.82%. The business had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.31 billion. During the same period in the previous year, the firm earned $3.24 EPS. The business’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. On average, equities research analysts predict that L3Harris Technologies Inc will post 11.12 EPS for the current fiscal year.

L3Harris Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Monday, November 17th will be paid a $1.20 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a $4.80 annualized dividend and a yield of 1.7%. L3Harris Technologies’s payout ratio is presently 53.63%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on LHX shares. Royal Bank Of Canada boosted their target price on shares of L3Harris Technologies from $265.00 to $280.00 and gave the stock a “sector perform” rating in a research report on Friday, July 25th. Truist Financial boosted their target price on shares of L3Harris Technologies from $302.00 to $353.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Morgan Stanley boosted their target price on shares of L3Harris Technologies from $250.00 to $350.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 15th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of L3Harris Technologies in a research report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of L3Harris Technologies from a “hold” rating to a “buy” rating in a research report on Friday, August 22nd. Thirteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, L3Harris Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $287.63.

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.