Rep. Richard McCormick Sells Off Shares of L3Harris Technologies Inc (NYSE:LHX)

Representative Richard McCormick (Republican-Georgia) recently sold shares of L3Harris Technologies Inc (NYSE:LHX). In a filing disclosed on August 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in L3Harris Technologies stock on July 30th. The trade occurred in the Representative’s “GROWTH PARTNERS ROTH IRA” account.

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

• Sold $1,001 – $15,000 in shares of Medtronic (NYSE:MDT) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of NextEra Energy (NYSE:NEE) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of PepsiCo (NASDAQ:PEP) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of Abbott Laboratories (NYSE:ABT) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of McDonald’s (NYSE:MCD) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of Johnson & Johnson (NYSE:JNJ) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of Intercontinental Exchange (NYSE:ICE) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of Illinois Tool Works (NYSE:ITW) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of Emerson Electric (NYSE:EMR) on 7/30/2026.

L3Harris Technologies Price Performance

NYSE:LHX traded up $3.46 on Tuesday, reaching $281.84. 302,147 shares of the company’s stock traded hands, compared to its average volume of 1,472,684. The stock has a 50-day simple moving average of $292.38 and a 200-day simple moving average of $322.68. L3Harris Technologies Inc has a 12 month low of $262.68 and a 12 month high of $379.23. The firm has a market cap of $52.48 billion, a PE ratio of 28.49, a P/E/G ratio of 1.10 and a beta of 0.51. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 0.46.

L3Harris Technologies (NYSE:LHX) last released its earnings results on Wednesday, July 29th. The company reported $3.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.80 by $0.33. L3Harris Technologies had a return on equity of 10.96% and a net margin of 8.17%.The firm had revenue of $5.88 billion during the quarter, compared to analysts’ expectations of $5.81 billion. During the same quarter last year, the business posted $2.78 earnings per share. The firm’s revenue was up 8.4% on a year-over-year basis. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. Equities research analysts forecast that L3Harris Technologies Inc will post 11.88 earnings per share for the current year.

L3Harris Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be paid a dividend of $1.25 per share. The ex-dividend date is Friday, September 4th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.8%. L3Harris Technologies’s payout ratio is 50.51%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on LHX shares. BNP Paribas Exane lowered their target price on L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating for the company in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of L3Harris Technologies in a research note on Tuesday. Weiss Ratings cut shares of L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. Truist Financial upgraded shares of L3Harris Technologies to a “strong-buy” rating in a report on Friday, May 1st. Finally, Susquehanna dropped their price target on L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating for the company in a research report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $365.00.

Hedge Funds Weigh In On L3Harris Technologies

Large investors have recently made changes to their positions in the company. Fideuram Asset Management Ireland dac bought a new stake in L3Harris Technologies in the fourth quarter worth about $25,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of L3Harris Technologies during the 4th quarter worth approximately $25,000. Motiv8 Investments LLC purchased a new position in L3Harris Technologies during the 4th quarter valued at $25,000. Cedar Mountain Advisors LLC grew its position in L3Harris Technologies by 1,233.3% in the 1st quarter. Cedar Mountain Advisors LLC now owns 80 shares of the company’s stock valued at $28,000 after acquiring an additional 74 shares during the last quarter. Finally, Abound Financial LLC purchased a new stake in L3Harris Technologies in the fourth quarter worth $29,000. 84.76% of the stock is owned by hedge funds and other institutional investors.

More L3Harris Technologies News

Here are the key news stories impacting L3Harris Technologies this week:

• Positive Sentiment: L3Harris opened a new Rhode Island facility focused on undersea defense and advanced training systems for U.S. and allied fleets. The investment could support growth in the company’s undersea and maritime-defense businesses as demand for naval capabilities increases. Can L3Harris’ New Rhode Island Facility Strengthen Undersea Growth?
• Neutral Sentiment: Sam Mehta, an aerospace and defense executive already inside the company, was appointed president and CEO effective immediately. An insider succession may provide continuity and reduce operational disruption, although investors will watch for changes to strategy, management and capital allocation. L3Harris names insider Sam Mehta CEO as Christopher Kubasik steps down
• Negative Sentiment: Kubasik’s removal is the main catalyst weighing on LHX. The conduct investigation creates reputational and governance risk, while the lack of detailed disclosure may leave investors uncertain about the scope of the issue. Reports also noted that Kubasik had previously left Lockheed Martin after acknowledging an improper relationship with a subordinate, increasing scrutiny of the episode. Defense contractor L3Harris ousts CEO Chris Kubasik over unspecified conduct
• Negative Sentiment: The stock is trading below both its 50-day and 200-day moving averages and near its one-year low, indicating already-negative technical momentum. The leadership shock adds to those concerns despite L3Harris’s latest earnings beat and full-year EPS guidance of $11.80–$12.00. L3Harris Parts Ways With Chairman, CEO Kubasik Over Conduct

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.