L3Harris Technologies (NYSE:LHX) Shares Unloaded Rep. Richard McCormick

Representative Richard McCormick (Republican-Georgia) recently sold shares of L3Harris Technologies Inc (NYSE:LHX). In a filing disclosed on April 07th, the Representative disclosed that they had sold between $1,001 and $15,000 in L3Harris Technologies stock on March 19th. The trade occurred in the Representative’s “GROWTH PARTNERS IRA” account.

Representative Richard McCormick also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Automatic Data Processing (NASDAQ:ADP) on 3/19/2026.
• Sold $1,001 – $15,000 in shares of NextEra Energy (NYSE:NEE) on 3/19/2026.
• Purchased $1,001 – $15,000 in shares of Abbott Laboratories (NYSE:ABT) on 3/19/2026.
• Sold $1,001 – $15,000 in shares of Analog Devices (NASDAQ:ADI) on 3/19/2026.
• Purchased $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 3/19/2026.
• Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 3/19/2026.
• Sold $1,001 – $15,000 in shares of Automatic Data Processing (NASDAQ:ADP) on 3/19/2026.
• Purchased $1,001 – $15,000 in shares of BlackRock (NYSE:BLK) on 3/19/2026.
• Purchased $1,001 – $15,000 in shares of UnitedHealth Group (NYSE:UNH) on 3/19/2026.
• Sold $1,001 – $15,000 in shares of Johnson & Johnson (NYSE:JNJ) on 3/19/2026.

L3Harris Technologies Stock Performance

L3Harris Technologies stock traded down $3.43 during mid-day trading on Thursday, reaching $358.55. 1,028,344 shares of the company were exchanged, compared to its average volume of 1,517,166. L3Harris Technologies Inc has a twelve month low of $208.11 and a twelve month high of $379.23. The firm’s 50-day simple moving average is $354.27 and its two-hundred day simple moving average is $318.58. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.19. The firm has a market cap of $66.97 billion, a PE ratio of 42.03, a price-to-earnings-growth ratio of 2.57 and a beta of 0.62.

L3Harris Technologies (NYSE:LHX) last posted its quarterly earnings data on Thursday, January 29th. The company reported $2.86 earnings per share for the quarter, topping analysts’ consensus estimates of $2.76 by $0.10. The company had revenue of $5.65 billion during the quarter, compared to analysts’ expectations of $5.76 billion. L3Harris Technologies had a return on equity of 10.43% and a net margin of 7.35%.The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the firm earned $3.47 EPS. Equities analysts predict that L3Harris Technologies Inc will post 11.12 earnings per share for the current fiscal year.

L3Harris Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, March 6th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Friday, March 6th. This is a positive change from L3Harris Technologies’s previous quarterly dividend of $1.20. L3Harris Technologies’s payout ratio is 58.62%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Weiss Ratings raised L3Harris Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, December 29th. Citigroup increased their target price on L3Harris Technologies from $389.00 to $418.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Royal Bank Of Canada increased their target price on L3Harris Technologies from $360.00 to $365.00 and gave the stock a “sector perform” rating in a research note on Friday, January 30th. Argus raised L3Harris Technologies to a “strong-buy” rating in a research note on Friday, February 27th. Finally, UBS Group increased their target price on L3Harris Technologies to $323.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, L3Harris Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $342.33.

Insider Activity at L3Harris Technologies

In related news, insider Samir Mehta sold 5,528 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $370.32, for a total value of $2,047,128.96. Following the completion of the transaction, the insider directly owned 7,756 shares of the company’s stock, valued at $2,872,201.92. This trade represents a 41.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Melanie Rakita sold 2,378 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $341.45, for a total value of $811,968.10. Following the completion of the transaction, the vice president directly owned 4,882 shares of the company’s stock, valued at $1,666,958.90. The trade was a 32.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 19,025 shares of company stock valued at $6,824,370 in the last ninety days. Corporate insiders own 0.72% of the company’s stock.

Hedge Funds Weigh In On L3Harris Technologies

Several hedge funds have recently bought and sold shares of LHX. Brighton Jones LLC increased its stake in L3Harris Technologies by 233.9% in the 4th quarter. Brighton Jones LLC now owns 4,284 shares of the company’s stock valued at $901,000 after purchasing an additional 3,001 shares in the last quarter. CW Advisors LLC increased its stake in L3Harris Technologies by 14.8% in the 2nd quarter. CW Advisors LLC now owns 2,486 shares of the company’s stock valued at $624,000 after purchasing an additional 321 shares in the last quarter. Amundi increased its stake in L3Harris Technologies by 208.0% in the 2nd quarter. Amundi now owns 321,969 shares of the company’s stock valued at $81,638,000 after purchasing an additional 217,439 shares in the last quarter. Jump Financial LLC increased its stake in L3Harris Technologies by 14.9% in the 2nd quarter. Jump Financial LLC now owns 2,995 shares of the company’s stock valued at $751,000 after purchasing an additional 388 shares in the last quarter. Finally, Transce3nd LLC increased its stake in L3Harris Technologies by 12.7% in the 2nd quarter. Transce3nd LLC now owns 735 shares of the company’s stock valued at $185,000 after purchasing an additional 83 shares in the last quarter. 84.76% of the stock is owned by hedge funds and other institutional investors.

About Representative McCormick

Rich McCormick (Republican Party) is a member of the U.S. House, representing Georgia’s 7th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

McCormick (Republican Party) is running for re-election to the U.S. House to represent Georgia’s 7th Congressional District. He declared candidacy for the 2026 election.

Rich McCormick lives in Suwanee, Georgia. McCormick served in the U.S. Marine Corps and the U.S. Navy. He earned an M.B.A. from National University and an M.D. from Morehouse School of Medicine. McCormick’s career experience includes working as an emergency medicine physician with Gwinnett Medical Center and Northside Hospital, a Marine officer instructor with Georgia Tech and Morehouse College, and a pilot.

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.