IFP Advisors Inc Acquires 3,247 Shares of L3Harris Technologies Inc $LHX

IFP Advisors Inc lifted its holdings in L3Harris Technologies Inc (NYSE:LHX) by 81.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,244 shares of the company’s stock after purchasing an additional 3,247 shares during the period. IFP Advisors Inc’s holdings in L3Harris Technologies were worth $2,127,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Caitlin John LLC bought a new position in shares of L3Harris Technologies in the third quarter worth about $28,000. JPL Wealth Management LLC bought a new position in shares of L3Harris Technologies in the third quarter worth about $29,000. American National Bank & Trust increased its stake in shares of L3Harris Technologies by 44.8% in the fourth quarter. American National Bank & Trust now owns 97 shares of the company’s stock worth $28,000 after purchasing an additional 30 shares during the period. Triumph Capital Management bought a new position in shares of L3Harris Technologies in the third quarter worth about $31,000. Finally, GGM Financials LLC bought a new position in shares of L3Harris Technologies in the third quarter worth about $32,000. 84.76% of the stock is currently owned by institutional investors.

L3Harris Technologies Trading Up 1.9%

Shares of LHX opened at $312.12 on Friday. L3Harris Technologies Inc has a 12-month low of $235.72 and a 12-month high of $379.23. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $58.15 billion, a price-to-earnings ratio of 33.89, a P/E/G ratio of 1.55 and a beta of 0.51. The stock’s 50-day moving average price is $336.51 and its 200 day moving average price is $325.05.

L3Harris Technologies (NYSE:LHX) last issued its quarterly 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. L3Harris Technologies had a return on equity of 10.65% and a net margin of 7.71%.The firm had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.42 billion. During the same period in the previous year, the company posted $2.41 earnings per share. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. As a group, research analysts predict that L3Harris Technologies Inc will post 11.52 earnings per share for the current year.

L3Harris Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, June 5th. L3Harris Technologies’s payout ratio is currently 54.29%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. UBS Group dropped their price objective 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. Citigroup lifted their price objective on L3Harris Technologies from $389.00 to $418.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Argus upgraded L3Harris Technologies to a “strong-buy” rating in a research note on Friday, February 27th. Royal Bank Of Canada lifted their price objective 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. Finally, Weiss Ratings upgraded L3Harris Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $354.75.

Insider Activity at L3Harris Technologies

In other L3Harris Technologies news, insider Samir Mehta sold 5,528 shares of L3Harris Technologies stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $370.32, for a total transaction of $2,047,128.96. Following the sale, the insider directly owned 7,756 shares of the company’s stock, valued at approximately $2,872,201.92. The trade was a 41.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jon Rambeau sold 5,528 shares of L3Harris Technologies stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $370.32, for a total value of $2,047,128.96. Following the sale, the insider directly owned 7,660 shares in the company, valued at $2,836,651.20. The trade was a 41.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 16,365 shares of company stock worth $5,861,117 over the last three months. Company insiders own 0.68% of the company’s stock.

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.